WWW - Wolverine World Wide, Inc.
| Previous Close | 27.08 |
| Open | 27.25 |
| Bid | 27.25 x 800 |
| Ask | 41.00 x 800 |
| Day's Range | 27.10 - 27.49 |
| 52 Week Range | 26.54 - 39.77 |
| Volume | 329,252 |
| Avg. Volume | 789,238 |
| Market Cap | 2.406B |
| Beta (3Y Monthly) | 1.51 |
| PE Ratio (TTM) | 13.56 |
| EPS (TTM) | 2.00 |
| Earnings Date | Aug 6, 2019 - Aug 12, 2019 |
| Forward Dividend & Yield | 0.40 (1.48%) |
| Ex-Dividend Date | 2019-06-28 |
| 1y Target Est | 38.30 |
- Simply Wall St.•8 days ago
Wolverine World Wide, Inc. (NYSE:WWW): Commentary On Fundamentals
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...
- Benzinga•last month
Wolverine World Wide Sees Price Target Cut Amid Weak Demand For Sperry Boat Shoes
Wolverine World Wide, Inc. (NYSE: WWW ) received a price target cut due to continued softness surrounding the brands Sperry boat shoe segment. The Analyst Wedbush analyst Christopher Svezia maintains an ...
- MarketWatch•last month
Wolverine price target trimmed as Sperry boat shoes fall out of fashion
Wedbush analysts trimmed the price target for Wolverine World Wide Inc. to $35 from $38 based on the decline in popularity of Sperry's iconic boat shoes. Sperry, Saucony and Keds are among the brands in the Wolverine portfolio. "After our recent meetings with the president of Sperry and the CFO, and follow up conversations with the company, it seems as if demand for boat shoes may have been more tepid," Wedbush wrote. "While largely expected down double-digits, Sperry boat shoes saw deeper pressure in May while stronger selling Saltwater Duck boots are expected in 3Q." Saltwater boots are another Sperry style that have reached instantly-recognizable status. Wedbush maintained its outperform rating. "Management remains confident in the sales and margin outlook for 2H19 given on hand orders (in some cases in excess of the planned revenue growth) for Sperry boots and new Merrell product introductions, e-commerce growth (+20%), and gains from Saucony Italy." Wolverine's stock has fallen 15.3% in 2019 while the S&P 500 index has gained 17.6%
- Insider Monkey•last month
Were Hedge Funds Right About Flocking Into Wolverine World Wide, Inc. (WWW) ?
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]
- GuruFocus.com•last month
Royce Funds Commentary: Lauren Romeo on 4 Quality Cyclicals
By Portfolio Manager and Principal Lauren Romeo, CFA
- Markit•last month
See what the IHS Markit Score report has to say about Wolverine World Wide Inc.
Wolverine World Wide Inc NYSE:WWWView full report here! Summary * Bearish sentiment is moderate and increasing Bearish sentimentShort interest | NeutralShort interest is moderate for WWW with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 12. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold WWW had net inflows of $1.20 billion over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Simply Wall St.•last month
The Wolverine World Wide (NYSE:WWW) Share Price Is Up 40% And Shareholders Are Holding On
While Wolverine World Wide, Inc. (NYSE:WWW) shareholders are probably generally happy, the stock hasn't had...
- Zacks•last month
Why Is Wolverine (WWW) Down 10.2% Since Last Earnings Report?
Wolverine (WWW) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- InvestorPlace•last month
7 Stocks to Buy As They Hit 52-Week Lows
It's amazing what a couple of good trading days can do for a lousy stock market. When I thought about doing an article about stocks to buy hitting 52-week lows recently, a quick search of companies with a market cap of $2 billion or more revealed a total of 124 hitting 52-week lows.Fast forward three days later and there's only 22 stocks hitting 52-week lows according to Finviz.com.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, I'm as game as the next person when it comes to picking possible stocks to buy, but given I'm attempting to choose one stock from seven different sectors, 22's not going to cut it. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% Therefore, to ensure I've got better options from as many sectors as possible, I've relaxed the qualifier to those companies trading within 5% of a stock's 52-week low. By doing so, I get a total of 120 stocks with a least one choice from eight different sectors, making the options a lot more palatable. Methanex (MEOH)As I write this, Methanex (NASDAQ:MEOH) is trading within seven cents of its 52-week low of $41.39, which is more than half its 52-week high of $83.23. Methanex is one of the world's largest producers of methanol which its customers to use to make everything from adhesives to windshield washer fluid. It also sells methanol to oil refiners who turn it into a high-octane fuel. Based in Vancouver, B.C., the company expects strong demand for methanol over the next four years with a growing piece of its business going to companies converting methanol to olefins which can then be turned into polyolefins, which are used to make all kinds of plastics. In late April, Raymond James analyst Steve Hansen suggested to clients that they consider Methanex stock because of its steep decline in price. Hansen's got an $80 price target and an outperform rating on it. "We continue to recommend that investors accumulate MEOH shares based upon our constructive view on improving methanol fundamentals, the company's robust associated free cash flow profile, and the stock's attractive valuation," Hansen stated.Trading at a level it hasn't seen since June 2017, if the economy holds, MEOH is a bargain. Wolverine World Wide (WWW) Source: Brubastos via Flickr (modified)Wolverine World Wide (NYSE:WWW) is trading within 38 cents of its 52-week low of $27.64, which is 31% below its 52-week high of $39.77. Wolverine, known for footwear brands such as Keds, Hush Puppies, Skechers, Sperry, and many more, is having a tough time dealing with tariffs on the Chinese shoes it imports. It recently asked the Trump government to reconsider increasing these tariffs as it would mean American households would be paying as much as a 100% duty on shoes imported from China. "While U.S. tariffs on all consumer goods average just 1.9 percent, they average 11.3 percent for footwear and reach rates as high as 67.5 percent. Adding a 25 percent tax increase on top of these tariffs would mean some working American families could pay a nearly 100 percent duty on their shoes," the letter stated. * 5 Healthcare Stocks to Pick Up From the Wreckage While the near term doesn't look good for the Michigan company, it still anticipates revenue growth in the low-to-mid-single digits in 2019. Despite all the tariff troubles, it estimates adjusted earnings per share will be at least $2.20, which means it is currently trading at less than 13 times its forward earnings. By comparison, Nike (NYSE:NKE) trades at almost 27 times its forward earnings. Simon Property Group (SPG)Source: m01229 via Flickr (Modified)Simon Property Group (NYSE:SPG) is trading within 2% of its 52-week low of $159.69, which is 17% below its 52-week high of $191.41.Recently, a group by the name of Peer & Peri LLC made a mini-tender offer to purchase up to 20,000 of the mall owner's shares at a 21% discount to the $178.11 share price at the commencement of the offer on May 6. Down 8% since the offer was disclosed, it expired on June 6 at 5 p.m. Although Simon put out a statement recommending shareholders reject the below-market mini-tender offer, these things are intended to catch investors off guard, prompting them to mistakenly sell their shares at a discount. If you Google "Peer & Peri LLC," you will see that it happens to a lot of reputable companies. I'm not sure why it's allowed to happen, but it is. Forbes contributor Sanford Stein, who's spent four decades studying retail, recently made a great observation about Simon."David Simon knows this stuff. That's why he is CEO of the largest mall developer in the country, with over 200 of the best remaining malls. It's also quite likely that when the 1,300 or so malls that exist today are reduced to 500 or 600, in say the next decade, Simon Property Group will still own and manage the best ones," Stein wrote May 14. I like the idea of getting SPG stock at $140 a share, but I wouldn't recommend you try to do it the Peer & Peri LLC way. CVS Health (CVS)Source: Mike Mozart via FlickrCVS Health (NYSE:CVS) is trading within 5% of its 52-week low of $51.72, which is 37% below its 52-week high of $82.15. CVS held its annual investor day June 4; a day in which CEO Larry Merlo spent most of his time assuring shareholders that its acquisition of Aetna would pay dividends in the long run despite the apparent near-term difficulties. Merlo sees the company generating double-digit sales growth in 2022 once the $70-billion purchase is fully integrated. CVS is building a vertically integrated health business that provides everything from insurance, prescription drug benefits, healthcare services, and retail drugstores. It expects to find at least $300 million in synergies in 2019 and $800 million in 2020. "Keep in mind we're in the early innings of our transformational journey," Merlo told investors. "This will be a multi-year journey with benefits building over time as we continue to build and refine new programs to better serve the needs of our stakeholders."I'm normally not a fan of large acquisitions, but given how incredibly dysfunctional the U.S. healthcare sector is, anything that reduces the cost while maintaining profitability, is bound to do well in the long run. * 7 Stocks to Buy That Don't Care About Tariffs Take advantage of the uncertainty to get a well-run company at a very reasonable price. Pentair (PNR)Source: HereStanding via Flickr (Modified)Pentair (NYSE:PNR) is trading within 3% of its 52-week low of $34.72, which is 25% below its 52-week high of $46.00.Pentair became a pure-play water company in April 2018 when it spun-off nVent Electric (NYSE:NVT), its electrical connection and solution company. As a result, Pentair now has three water-related businesses only: aquatic systems, filtration solutions, and flow technologies. Given the importance of water in our world, the hiving off of its electrical business allows Pentair to focus entirely on water technology.Although the company's first-quarter core revenues were down 4% over the same time last year and its adjusted earnings per share fell 12%, it still expects to report adjusted EPS of at least $2.30 in 2019, which means it's currently trading at less than 11 times its 2019 earnings. Furthermore, with three operating segments generating almost identical revenues, it's got downside protection built right into its business model. Should a recession come to pass, it won't be overly reliant on a single segment for sales. It's not a sexy business, but it's got an excellent 2.9% dividend yield to get paid until its growth initiatives take hold. Urban Outfitters (URBN)Source: Shutterstock Urban Outfitters (NASDAQ:URBN) is trading within 4% of its 52-week low of $22.19, which is 58% below its 52-week high of $52.50.Urban Outfitters has several issues that have brought its stock to its news in the past year. They include deteriorating business trends, difficult same-store sales comparisons, product issues at its Urban Outfitters brand, including a slowdown in women's apparel, and finally, a serious concern about tariffs on Chinese imports. That said, it continues to be one of the most financially sound retailers that's publicly traded. It finished the first quarter (April 30 quarter end) with no debt, $520 million in cash, and $447 million in free cash flow. Free cash flow yield is one of the metrics I use for non-financials to evaluate the relative value of a stock. In the case of URBN, it has an FCF yield of 23% based on an enterprise value of $1.94 billion. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% As long as it continues to deliver positive same-store sales growth, $23 ought to appear very cheap to investors. Citrix (CTXS)Source: Shutterstock Citrix Systems (NASDAQ:CTXS) is trading within 3% of its 52-week low of $93.12, which is 20% below its 52-week high of $116.82.Citrix, known for its on-premise software for making companies more productive, is moving to the cloud and subscription-based software offerings. The transformation is aimed at creating a platform that provides large enterprises with a hybrid cloud that can grow and adapt based on their needs. Change is always tricky, and while the transformation is expected to take several years, CEO David Henshall insists that it's the right thing to do for customers, employees, and shareholders. Citrix's Intelligent Workspace is a platform for company applications that operate intelligently to improve productivity. The company's goal is to provide enough productivity improvements through its platform to give users back one day of their work week lost to moving between applications. If you look at its revenues for the first quarter ended March 31, you'll see that Citrix's subscription revenues increased by 37% over a year earlier accounting for 19.7% of its overall revenue, 490 basis points higher than a year earlier. As it invests in research and development for the Intelligent Workspace, its subscription revenues will continue to grow at a double-digit pace. Down from its all-time high of $116.82, if it drops below $90, you're getting a terrific deal. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 7 Stocks to Buy As They Hit 52-Week Lows appeared first on InvestorPlace.
- Moody's•last month
Wolverine World Wide, Inc. -- Moody's announces completion of a periodic review of ratings of Wolverine World Wide, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Wolverine World Wide, Inc. New York, June 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Wolverine World Wide, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- PR Newswire•2 months ago
Saucony Launches New Global Brand Platform: "Run for Good"
WALTHAM, Mass., June 4, 2019 /PRNewswire/ -- Saucony, a leading global performance running and lifestyle brand, announces a new global brand platform: Run for Good™. The official shoe of the Run for Good Relay is the Ride ISO2.
Yahoo Finance•2 months agoTrump's tariffs are 'a bit like Herbert Hoover’s policies on steroids': Columbia Sportswear EVP
Shoe retailers are stepping into the trade war as many footwear brands are warning President Donald Trump of the potentially “catastrophic” effects tariffs could have on consumers.
- Simply Wall St.•2 months ago
Here's Why I Think Wolverine World Wide (NYSE:WWW) Is An Interesting Stock
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
- Zacks•2 months ago
The Zacks Analyst Blog Highlights: Nike, adidas, Rocky Brands and Wolverine World Wide
The Zacks Analyst Blog Highlights: Nike, adidas, Rocky Brands and Wolverine World Wide
- Zacks•2 months ago
Tariffs Likely on Imported Shoes: Death Knell for US Footwear?
With China playing a vital role in the supply chain process for most U.S. footwear firms, the proposed tariffs are likely to be a death knell for the industry that is already reeling under a $3 billion annual duty bill.
- InvestorPlace•2 months ago
7 Stocks to Buy that Lost 10% Last Week
Thanks to President Donald Trump and his kamikaze trade plan, the number of great stocks to buy that lost 10% last week went way up. Some of them will probably lose more of their 2019 gains in the weeks ahead. What we do know is that the markets are petrified of a protracted trade war between the U.S. and China. According to CNBC, the S&P 500 lost $1.1 trillion in market value between May 5 and May 13, in part due to the president's combative tweets suggesting he would raise tariffs on $325 billion in Chinese imports after already raising the tariff on $200 billion worth of Chinese goods from 10% to 25%. InvestorPlace - Stock Market News, Stock Advice & Trading TipsHow bad has it gotten?On May 13, the S&P 500 and Dow Jones both lost 2.4% of their value on the day, the worst one-day return since January 3. "The escalation of trade tensions is likely to weigh on risk assets quite meaningfully in the next few weeks and months because the year-to-date rally was built on two premises: no escalation of trade tensions, and global policy easing," said Alessio de Longis, the portfolio manager for the global multiasset group at OppenheimerFunds. "One of these pillars has been taken away, and that's even more important because we are also dealing with the negative underlying force of deteriorating economic data."Buying stocks just got even tougher if you believe that U.S. consumers are going to pay the price of a trade plan that's hell-bent on bringing the Chinese to their knees. * 10 Retirement Stocks That Won't Wilt in a Bear Market I have news for President Trump. It isn't going to happen. That said, here are seven stocks to buy that lost 10% or more during the week of May 6-10, that should rebound in the weeks ahead. Stocks to Buy: Wolverine World Wide (WWW)Source: Brubastos via Flickr (modified)Wolverine World Wide (NYSE:WWW), the Michigan-based maker of footwear brands such as Sperry, Keds, Hush Puppies, Saucony and many more, lost 16.4% during the week of May 6-10, erasing all of its gains for 2019. Down 9% year to date, WWW set a new 52-week low on Monday. Why such a downturn?Well, from everything I've read, except for weakness in its Sperry brand, the company's first-quarter results were more than adequate, with adjusted earnings per share of 49 cents, two cents higher than the analyst consensus, with revenues of $523.4 million, slightly lower than analyst expectations of $533 million. "Four of our top-five brands delivered revenue above plan during the quarter, including Merrell and Saucony, and our owned e-commerce business continued to be robust, growing 28% over the prior year," said Blake Krueger, Wolverine's CEO.With Wolverine expecting to generate adjusted earnings per share of at least $2.25 a share in 2019 combined with a 25% increase in the quarterly dividend, WWW is probably one of the best options of stocks that lost 10% or more last week. Gates Industrial (GTES)Source: Shutterstock Gates Industrial (NYSE:GTES), a manufacturer of power transmission and fluid power systems, lost 17.3% during the week of May 6-10. It is now down 3% year to date through May 13. Gates lost all of its momentum in 2019 by announcing Q1 2019 earnings May 7 that saw it miss on both the top and bottom line. Analysts were expecting earnings per share of 29 cents. It delivered a penny short. In terms of revenues, Gates had first-quarter sales of $804.9 million, 3.4% shy of the consensus estimate and 5.5% less than a year earlier. Analysts expect it to earn 36 cents on $884.20 million in revenue in the second quarter and $1.30 EPS and $3.42 billion in sales for the entire fiscal 2019. * 6 Trade War Stocks With a Lot of Risk With the 17.3% drop, GTES stock is now trading at 10 times its 2019 earnings, significantly lower than the S&P 500. Although I wouldn't bet nearly as much on Gates as I would Wolverine World Wide, I still see last week's significant decline as a buying opportunity. Magna International (MGA)Source: David Villareal Fernandez via Flickr (Modified)Auto parts manufacturer Magna International (NYSE:MGA) reported its first-quarter earnings results May 9 before the markets opened. Unfortunately for Magna shareholders, it reported revenues of $10.59 billion, 1.8% lower than a year earlier. On the bottom line, its earnings per share of $1.63, eight cents or 4.7% shy of analyst expectations and 21 cents lower than a year earlier. To make matters worse, Magna provided lower guidance for the rest of the year. It now expects a profit of between $1.9 billion and $2.1 billion in 2019, $200 million less at both the low and high ends of its earlier projection for the year. The lower guidance is the result of its change in its forecast for vehicle production in both North America and Europe. As a result of the bad news, Magna stock lost 13.6% on the week. Like the first two stocks, last week's losses have erased most of the company's 2019 gains. Despite the company's challenges in a very difficult production environment, CFO Vince Galifi stated that Magna should generate as much as $2 billion in free cash flow in 2019, higher than in 2018. Based on a current market cap of $14.8 billion, we're talking about a free cash flow yield of 13.7%, providing value investors with a very attractive stock to buy. Terex (TEX)Source: Shutterstock Terex (NYSE:TEX), a maker of lift and material processing machinery, wasn't a great investment over the past decade, delivering an annualized total return of 8.2%, almost half the return generated by the S&P 500. Last week, Terex stock lost 10.7% of its value, putting TEX stock down 28% over the past 52 weeks. Year to date, however, it's still up 8% despite the double-digit losses.Terex's business is doing a lot better than its share price would indicate. In Q1 2019, the company's revenues grew by 6% excluding currency to $1.1 billion. Meanwhile, its adjusted earnings per share were 87 cents, 53% higher than the consensus estimate. So, it beats on both revenues and profits and its stock drops by 10%. Blame that on President Trump. * 7 Dividend Stocks to Buy as the Trade War Reignites However, Terex's work to simplify its business appears to be paying off. In 2019, it expects revenues of $4.7 billion and earnings per share of $3.90-$4.20 a share; a forward P/E of 7.5. By exiting the mobile crane business, Terex's operating profits should move closer to double digits in 2019. Barring a recession in the next couple of years, Terex's earnings will continue to gather steam in the quarters ahead. ANGI Homeservices (ANGI)Source: Shutterstock ANGI Homeservices (NASDAQ:ANGI), the people behind Angie's List, HomeAdvisor, and several other home-related services, announced its Q1 2019 results May 8. While ANGI stock dropped 13.5% last week on the news, the results themselves were pretty good. On the top-line, revenues grew 19% during the quarter to $303.4 million. On the bottom line, it made money on a GAAP basis, generating $10 million in profits or 2 cents a share, while its operating loss dropped 66% year over year from $10.8 million to $3.6 million. So, even though it went from a net loss to a net profit in the first quarter, the fact that it missed the revenue estimate of $306.6 million by just $3.2 million says to me that investors severely overreacted to the miss providing investors with an excellent opportunity to buy on the dip. Furthermore, the company's HomeAdvisor and Handy businesses saw revenues increase by 33% during the quarter thanks to a 15% increase in service requests, a 14% increase in the number of paying service professionals, and a 16% increase in revenue per paying professional. If the company keeps pushing the first two numbers higher, you can bet the third number will also grow. For the entire 2019, it expects operating income of at least $105 million, and it also should generate positive free cash flow. Expect good things from ANGI in the second half of 2019 and into 2020. Focus Financial Partners (FOCS)Source: Shutterstock Focus Financial Partners (NASDAQ:FOCS) loss of 12.1% last week is more about investors taking profits than running for the exits. At least that's the case if you're talking about its performance in 2019.However, while it's up 27% year to date, it's flat to its July 2018 IPO price of $33. Focus went public below its pre-IPO marketing range of $35-$39. Often that means that investors are underwhelmed by the offering sending the share price lower. The reality is that Focus participates in an extremely competitive marketplace. The company admits this very fact in its 10-K:"The wealth management industry is very competitive, with competition based on a variety of factors, including the ability to attract and retain key wealth management professionals, investment performance, wealth management fee rates, the quality of services provided to clients, the depth and continuity of client relationships, adherence to the fiduciary standard and reputation."Focus's primary strength is acquiring and integrating wealth management advisory firms. In the past two years, it has made no less than 50 acquisitions, and 160 since its founding in 2006. With more than 5,000 potential targets in the U.S., Focus has plenty of work to do over the next 3-5 years to grow its business. * 7 Cloud Stocks to Buy on Overcast Days In the fourth quarter, Focus' organic growth was 7.7%, less than half its growth in Q4 2017. However, much of the decline was due to a market correction in December. That said, Investors should keep an eye on organic revenue because acquisitions can only hide slower growth for so long. Companhia Brasileira De Distribuicao (CBD)Source: Shutterstock Companhia Brasileira De Distribuicao (NYSE:CBD), Brazil's largest retail and distribution group, is more commonly known as GPA. It owns convenience stores, gas stations, supermarkets, furniture stores, retail malls, wholesale cash & carry, electronics, etc. In fiscal 2018, GPA had total revenue of $12.7 billion and $553 million in operating profits. Over the past four years, it's grown sales by 42% and operating profits by 17%. In Q1 2019, sales increased by 12% while adjusted EBITDA rose by 18%. Like most grocery retailers, it makes a little from a lot. Its net margin in the first quarter was 1.4%, 40 basis points higher than a year earlier. Controlled by Groupe Casino, who owns 37% of its stock, it is Assai, the company's cash & carry business that intrigues. The second-largest cash & carry business in Brazil, it accounts for almost half of GPA's food business. Overall, GPA has a 15% market share in the Brazilian retail food industry. While not everyone is going to want to own Latin American businesses, a little research will demonstrate that its stock's got staying power. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 7 Stocks to Buy that Lost 10% Last Week appeared first on InvestorPlace.
- InvestorPlace•2 months ago
2 Dividend Stocks That Are Way More Productive Than AT&T Stock
AT&T (NYSE:T) is currently yielding 6.7%. Dividend investors love AT&T stock and its juicy payout despite the fact it's highly likely the telecom/media company will have to cut its dividend in the future to help pay down its massive debt.Source: Shutterstock Debt is a big reason that I'm not a fan of AT&T and probably never will be. Chasing yield is a mug's game. It's the total return that counts, not dividend yield. And while the AT&T stock price is up approximately $2.77 a share, 51 cents of that return is due to its quarterly dividend. InvestorPlace - Stock Market News, Stock Advice & Trading TipsBy the end of the year, the dividend could account for almost 100% of its total return. For my money, I want the dividend to account for no more than 50% of a stock's total return, preferably even lower around 25%. * 6 Trade War Stocks With a Lot of Risk Here are two stocks with a market cap higher than $2 billion trading within $2 of AT&T that will meet my criterion above and outperform AT&T stock on a total return basis over the next 1, 3, and 5-year periods. Both of these stocks should put AT&T on the bench. Permanently. Wolverine World WideMichigan-based Wolverine World Wide (NYSE:WWW) is probably best known for its Hush Puppies and Merrell brands. However, the footwear manufacturer has a total of 12 brands in its portfolio including Keds, Sperry, and Saucony. Wolverine released its first-quarter results May 10 and investors didn't like them sending its stock down by more than 5% on the news. With the losses after its Q1 2019 report, WWW stock is now down about 6.7% year to date. Its downward trend in 2019 ends three years of consecutive annual gains. Like Warren Buffett, I believe that it's good news when a stock is dropping in price because it allows you to buy while it's on sale. Analysts see good things ahead for Wolverine. "Despite back-end weighted guidance, we are confident Wolverine will achieve top- and bottom-line FY19 objectives," wrote Susquehanna Financial Group analysts. "Headwinds faced in the first half should subside in the second half."Yielding 1.4%, capital appreciation is the key to shareholder happiness. Delivering an annualized total return of 13.2% over the past decade, I see WWW outperforming AT&T stock in the long run. Park Hotels & ResortsPark Hotels & Resorts (NYSE:PK) was spun-off from Hilton Hotels (NYSE:HLT) in January 2017. It is a real estate investment trust that owns 52 premium branded hotels and resorts in the U.S. On May 6, in addition to releasing its Q1 2019 results, the company announced that it would buy Chesapeake Lodging Trust (NYSE:CHSP) for $2.7 billion. The strategic investment gives Park Hotels a total of 66 properties in 17 states and Washington D.C. and an enterprise value of $12.0 billion. As a result of the purchase, the company's revenue per available room (RevPAR) increases by 3.4% to $182. It also expands the number of hotel brands in the portfolio beyond Hilton, DoubleTree, and Waldorf Astoria, to include Marriott (NYSE:MAR), Hyatt (NYSE:H), and other third-party operators. Since Park Hotels was spun-off from Hilton, it's delivered a 46% total return to shareholders through the company's merger announcement with Chesapeake. I expect that its latest acquisition will provide significant shareholder returns in the years to come. Currently yielding 6.0%, I believe it's a much better and safer dividend play than AT&T stock. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 2 Dividend Stocks That Are Way More Productive Than AT&T Stock appeared first on InvestorPlace.
- MarketWatch•2 months ago
Wolverine World Wide shares slump after weakness in the Sperry brand
Wolverine World Wide Inc. shares slumped 4.5% in Friday trading after the company reported weakness in its Sperry brand. Other brands in the Wolverine portfolio include Merrell, Saucony and Keds. Net income for the first quarter totaled $40.6 million, or 43 cents per share, down from $46.6 million, or 48 cents per share, last year. Adjusted EPS of 49 cents, was ahead of the 47-cent FactSet consensus. Sales totaled $523.4 million, down from $534.1 million and below $533.0 million FactSet expectation. "Four of our top-five brands delivered revenue above plan during the quarter, including Merrell and Saucony, and our owned e-commerce business continued to be robust, growing 28% over the prior year," said Blake Krueger, Wolverine's chief executive, in a statement. "This strength helped to offset some unforeseen challenges at Sperry and the late start to Spring which impacted certain product categories." Analysts are bullish, notwithstanding the miss. "Despite back-end weighted guidance, we are confident Wolverine will achieve top- and bottom-line FY19 objectives," wrote Susquehanna Financial Group analysts. "Headwinds faced in the first half should subside in second half." Susquehanna rates Wolverine shares positive, but lowered its price target to $41 from $43. Wolverine still expects revenue in the range of $2.28 billion to $2.33 billion, EPS between $2.00 and $2.15, and adjusted EPS between $2.20 and $2.35. FactSet expects revenue of $2.30 billion and EPS of $2.31. Wolverine stock has fallen 5% for the year to date while the S&P 500 index is up 13% for the period.
Motley Fool•2 months agoWolverine World Wide (WWW) Q1 2019 Earnings Call Transcript
WWW earnings call for the period ending March 31, 2019.
- Zacks•2 months ago
Wolverine's (WWW) Q1 Earnings Beat Estimates, Revenues Down
Wolverine's (WWW) Q1 results hurt by sluggishness in seasonal footwear.
