WWW - Wolverine World Wide, Inc.
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 21.31 |
| Open | 22.02 |
| Bid | 20.50 x 800 |
| Ask | 21.98 x 800 |
| Day's Range | 21.19 - 22.43 |
| 52 Week Range | 12.19 - 34.70 |
| Volume | 823,427 |
| Avg. Volume | 935,756 |
| Market Cap | 1.793B |
| Beta (5Y Monthly) | 1.74 |
| PE Ratio (TTM) | 18.78 |
| EPS (TTM) | 1.18 |
| Earnings Date | Aug 05, 2020 - Aug 10, 2020 |
| Forward Dividend & Yield | 0.40 (1.81%) |
| Ex-Dividend Date | Jun 30, 2020 |
| 1y Target Est | 22.00 |
- Thomson Reuters StreetEvents
Edited Transcript of WWW earnings conference call or presentation 22-Apr-20 12:30pm GMT
Q1 2020 Wolverine World Wide Inc Earnings Call
- Zacks
Wolverine (WWW) Up 19.1% Since Last Earnings Report: Can It Continue?
Wolverine (WWW) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Investing.com
Susquehanna Sticks to Their Hold Rating for Wolverine World Wide
Susquehanna analyst Sam Poser reiterated a Hold rating on Wolverine World Wide (NYSE:WWW) on Wednesday, setting a price target of $18, which is approximately 3.69% below the present share price of $18.69.
- Zacks
Wolverine (WWW) Devises More Plans to Strengthen Liquidity
Wolverine (WWW) amends credit facility in order to enhance financial position.
- GlobeNewswire
Wolverine Worldwide Provides Update on Further Measures to Enhance Capital Structure for Increased Liquidity
Wolverine World Wide, Inc. (WWW) (the “Company”) today provided an update on actions it has taken to increase its liquidity and the flexibility of its capital structure, primarily through the amendment of its Senior Credit Facility, including $171 million in aggregate principal amount of incremental 364-day term loans and the sale of $300 million of 6.375% Senior Notes due 2025 (the “Notes”). The Company implemented several measures earlier this year to prioritize liquidity, cash preservation, and asset management in response to the impact of the COVID-19 pandemic. The Company continues to expect these cash preservation initiatives to exceed $500 million, positioning the Company to deliver $150 million to $200 million of operating cash flow in 2020.
- Moody's
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, May 07, 2020 -- 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 assessed 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, which was followed by a rating committee.
- GlobeNewswire
Wolverine Worldwide Announces Pricing of Senior Notes
Wolverine World Wide, Inc. (WWW) (the “Company”) today announced the pricing of its offering of $300 million aggregate principal amount of 6.375% Senior Notes due 2025 (the “Notes”). The Company intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility. The Notes will be guaranteed by the Company’s domestic subsidiaries that guarantee its senior credit facilities.
- Moody's
Wolverine World Wide, Inc. -- Moody's assigns Ba2 Wolverine's proposed notes; affirms Ba1 CFR with a negative outlook
Moody's Investors Service, ("Moody's") today assigned a Ba2 to Wolverine World Wide, Inc.'s ("Wolverine") proposed senior unsecured notes. Concurrently, Moody's affirmed the company's Ba1 corporate family rating (CFR), Ba1-PD probability of default rating (PDR) and Ba2 senior unsecured notes rating. Wolverine plans to use proceeds from the proposed notes to pay down a portion of outstanding borrowings under its revolving credit facility.
- GlobeNewswire
Wolverine Worldwide Announces Offering of Senior Notes
Wolverine World Wide, Inc. (WWW) (the “Company”) today announced that it is offering $300 million aggregate principal amount of senior notes due 2025 (the “Notes”), subject to market and other customary conditions. The Company intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility. The Notes will be guaranteed by the Company’s domestic subsidiaries that guarantee its senior credit facilities.
- Benzinga
KeyBanc Upgrades Wolverine World Wide, Sees Pockets Of Opportunity
Although Wolverine World Wide, Inc. (NYSE: WWW) faces soft consumer demand and this year's holiday season remains uncertain, there seem to be pockets of relative opportunity in the footwear segment, according to KeyBanc Capital Markets.The Wolverine World Wide Analyst Matthew DeGulis upgraded Wolverine World Wide from Sector Weight to Overweight, keeping the price target at $27.The Wolverine World Wide Thesis Prior to the pandemic crisis, Wolverine World Wide was well positioned for a strong performance in 2020, DeGulis said in the note.He added that the company may be able to weather the current crisis better than its softlines peers and will likely gain share in the footwear market.The company's largest brands are driven by customer needs. In the first couple of weeks of the second quarter, Wolverine World Wide's owned ecommerce business was trending north of 100%. Moreover, the company has significant exposure to several economies that are reopening faster than the U.S., the analyst said.Wolverine World Wide's kids business is large and "spending on kids has acted recession resistant in the past," DeGulis wrote. He further added that the company has a comfortable liquidity position.WWW Price Action Shares of Wolverine World Wide had declined 1.8% to $20.11 at time of publication.Latest Ratings for WWW DateFirmActionFromTo May 2020KeyBancUpgradesSector WeightOverweight Apr 2020SusquehannaDowngradesPositiveNeutral Apr 2020StifelMaintainsBuy View More Analyst Ratings for WWW View the Latest Analyst Ratings See more from Benzinga * Boeing's Large Bond Deal Solves Liquidity Problem, Says Bullish Goldman Sachs * Roth Downgrades Inovio On Valuation Despite Positive MERS Vaccine Data * Stifel Upgrades Southwest Airlines, Says It Will Exit The Coronavirus Crisis Stronger(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- GlobeNewswire
Wolverine Worldwide Declares Quarterly Dividend
ROCKFORD, Mich., April 29, 2020 -- Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share.
- Zacks
Wolverine's (WWW) Q1 Earnings Beat Despite Coronavirus Woes
Wolverine (WWW) first-quarter 2020 revenues were hurt by coronavirus. The bottom line also declined year over year.
- Simply Wall St.
Wolverine World Wide, Inc. (NYSE:WWW) Vies For A Place In Your Dividend Portfolio: Here's Why
Could Wolverine World Wide, Inc. (NYSE:WWW) be an attractive dividend share to own for the long haul? Investors are...
- Benzinga
Recap: Wolverine World Wide Q1 Earnings
Shares of Wolverine World Wide (NYSE:WWW) gained over 4% after the company reported Q1 results.Quarterly Results Earnings per share decreased 42.86% over the past year to $0.28, which beat the estimate of $0.17.Revenue of $439,300,000 lower by 16.07% from the same period last year, which missed the estimate of $455,200,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Apr 22, 2020View more earnings on WWWTime: 01:01 PM ETWebcast URL: http://public.viavid.com/player/index.php?id=137077Recent Stock Performance Company's 52-week high was at $37.58Company's 52-week low was at $12.19Price action over last quarter: down 31.78%Company Profile Wolverine World Wide makes a wide range of footwear and apparel that it sells globally through three main divisions. The company sells casual footwear and apparel through its lifestyle group, and it sells performance and athletic apparel through its performance group. Its heritage group consists largely of industrial and work boots and shoes. Company brands include Sperry, Stride Rite, Hush Puppies, Keds, Merrell, and Saucony. The company also licenses brands including Harley-Davidson and Cat. Most company sales are wholesale to third-party retailers, but Wolverine also has some direct-to-consumer exposure and bids for U.S. military contracts. The company sources most of its product from third-party manufacturers in Asia. Wolverine manufactures some products internally.See more from Benzinga * Recap: Lithia Motors Q1 Earnings * Recap: Amphenol Q1 Earnings * Recap: Baker Hughes Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Footwear News
Sperry, Merrell Parent Posts Mixed Quarter as Coronavirus Expectedly Weighs on Business
As of March 28, the Merrell and Sperry parent had $472.6 million cash on hand.
- Zacks
Wolverine World Wide (WWW) Q1 Earnings Surpass Estimates
Wolverine (WWW) delivered earnings and revenue surprises of 55.56% and -6.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
Hush Puppies parent Wolverine tops profit Q1 profit estimates as sales fall short
Hush Puppies parent Wolverine World Wide Inc. announced a series of measures Wednesday to preserve cash during the coronavirus pandemic as it posted first-quarter earnings that beat on profit but fell short on sales. The Rockford, Michigan-based company, which also owns the Keds and Wolverine brands, said it had net earnings of $12.8 million, or 16 cents a share, in the quarter, down from $40.6 million, or 43 cents a share, in the year-earlier period. Adjusted per-share earnings came to 28 cents, ahead of the 15 cents FactSet consensus. Revenue fell 16.1% to $439.3 million, below the $455 million FactSet consensus. The company said cash-saving measures are expected to save $500 million in 2020, and lead to $150 million to $200 million of operating cash flow. The company has drawn down the remaining $367 million in its revolving credit line, reduced inventory receipts by about $300 million and postponed $25 million of capex planned for 2020 2020 until business conditions stabilize. It has further reduced operational expenses by furloughing workers, and cutting compensation for its executives and board. The company had $472.6 million of cash on hand at quarter-end. Shares were not yet active premarket, but have fallen 44% in the year to date, while the S&P 500 has fallen 15%.
- GlobeNewswire
Wolverine Worldwide Reports First Quarter Results and Reiterates Company’s Strength to Navigate COVID-19
ROCKFORD, Mich., April 22, 2020 -- Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the first quarter ended March 28, 2020, and updated its actions.
- GlobeNewswire
Wolverine Worldwide Announces Key Leadership Changes
Wolverine World Wide, Inc. (WWW) today announced the appointment of Chris Hufnagel, Joelle Grunberg and Tom Kennedy to the Company’s Executive Leadership Team. Each will now be responsible for multiple brands within the Company’s diverse portfolio, and report directly to Blake W. Krueger, Wolverine’s Chairman, CEO and President.
- Zacks
How Damaging Has Coronavirus Been to Wolverine (WWW) Q1 Earnings?
Wolverine (WWW) closes retail outlets amid coronavirus crisis. Loss of sales from such stores is likely to show on first-quarter 2020 results.
- GlobeNewswire
Wolverine Worldwide Announces Move to Virtual Format for 2020 Annual Meeting of Shareholders
Wolverine World Wide, Inc. (WWW) today announced it will hold its 2020 Annual Meeting of Shareholders in a virtual only format due to public health considerations arising from the coronavirus (COVID-19) pandemic and to support the health and well-being of its shareholders, employees, and the community. Shareholders will not be able to attend the Annual Meeting in person, but shareholders as of the close of business on March 18, 2020, the record date, will be able to attend the meeting by visiting www.virtualshareholdermeeting.com/WWW2020 and entering the 16-digit control number found on the proxy card or voting instruction card previously distributed. Whether or not they plan to attend the Annual Meeting, we urge all shareholders to vote in advance of the meeting by using one of the methods described in the proxy materials previously distributed for the Annual Meeting.
- Zacks
Analysts Estimate Wolverine World Wide (WWW) to Report a Decline in Earnings: What to Look Out for
Wolverine (WWW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire
WOLVERINE WORLDWIDE ANNOUNCES FIRST QUARTER 2020 CONFERENCE CALL FOR APRIL 22, 2020
ROCKFORD, Mich., April 07, 2020 -- Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its first quarter 2020 financial results on Wednesday, April.
- Moody's
Wolverine World Wide, Inc. -- Moody's changes Wolverine World Wide's outlook to negative; affirms Ba1 CFR
Moody's Investors Service ("Moody's") today affirmed Wolverine World Wide, Inc.'s ("Wolverine") ratings, including its Ba1 corporate family rating, Ba1-PD probability of default rating, and Ba2 senior unsecured notes rating. The company's speculative grade liquidity rating was downgraded to SGL-2 from SGL-1. The outlook change to negative reflects the risk that a prolonged downturn triggered by the rapid spread of the coronavirus (COVID-19) will pressure Wolverine's revenue and profitability, as well as its ability to reduce leverage over the near-to-intermediate term.
