Last $28.10 USD
Change Today -1.05 / -3.60%
Volume 639.9K
WWW On Other Exchanges
Symbol
Exchange
New York
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As of 3:42 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

wolverine world wide inc (WWW) Snapshot

Open
$28.84
Previous Close
$29.15
Day High
$29.06
Day Low
$28.07
52 Week High
11/28/14 - $30.75
52 Week Low
07/28/14 - $24.00
Market Cap
2.9B
Average Volume 10 Days
698.6K
EPS TTM
$1.50
Shares Outstanding
101.6M
EX-Date
12/30/14
P/E TM
18.7x
Dividend
$0.24
Dividend Yield
0.84%
Current Stock Chart for WOLVERINE WORLD WIDE INC (WWW)

wolverine world wide inc (WWW) Details

Wolverine World Wide, Inc. designs, manufactures, sources, and markets footwear, apparel, and accessories. The company operates through Lifestyle Group, Performance Group, and Heritage Group segments. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children’s footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources and markets a range of footwear styles for men, women, and children, including shoes, boots and sandals under various brand names, including Bates, Cat, Chaco, Cushe, Harley-Davidson, Hush Puppies, HyTest, Keds, Merrell, Patagonia, Saucony, Sebago, Soft Style, Sperry Top-Sider, Stride Rite, and Wolverine. It also markets apparel and accessories under Merrell, Saucony, Sebago, Sperry Top-Sider, and Wolverine, as well as licenses its brands for use on non-footwear products, including Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; Wolverine brand eyewear and gloves; and Keds, Saucony, Sperry Top-Sider, and Stride Rite brand apparel. In addition, the company markets pigskin leather under the Wolverine Warrior Leather, Weather Tight, and All Season Weather Leathers trademarks for use in the footwear industry. Wolverine World Wide, Inc. sells its products directly in the United States, Canada, and certain countries in Europe to a range of retail customers, including department stores, national chains, catalogs retailers, specialty retailers, mass merchants, Internet retailers, and governments and municipalities; and through its wholesale and retail operations, and licensees and distributors internationally. At of December 28, 2013, the company operated 463 retail stores in the United States, Canada, and the United Kingdom; and 63 consumer-direct Websites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.

7,274 Employees
Last Reported Date: 02/25/14
Founded in 1883

wolverine world wide inc (WWW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.6M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $655.0K
Senior Vice President and President of the In...
Total Annual Compensation: $659.7K
President of Global Operations Group
Total Annual Compensation: $408.7K
Compensation as of Fiscal Year 2013.

wolverine world wide inc (WWW) Key Developments

Wolverine World Wide Plans Acquisitions

Wolverine World Wide Inc. (NYSE:WWW) intends to make acquisitions. Blake Krueger, Chairman, President and Chief Executive Officer of the company said: “Strategically, we are focused on international. It's always been a core competency of the Company and a tremendous upside for brands that we add to our portfolio. We also believe in lifestyle brands. So many of our larger brands, the Wolverine brand, Hush Puppy, Merrell, several of our other brands have apparel and accessory programs, either owned by us, or on a licensed basis. So we believe there is a competitive advantage to lifestyle brands as to single category brand. And then lastly, strategically, we are focused on acquiring new brands. We think this is the core competency of the Company and something we do pretty well. I will talk quickly in a little more detail about a couple of the other brands, some of the key brands in our portfolio.” He added: “We're going to maintain a stable dividend, and then obviously we are generating cash for future acquisitions.”

Wolverine Worldwide Provides Preliminary Unaudited Financial Results for the Fourth Quarter and Full Year Ended January 3, 2015 and Initial Outlook for Fiscal 2015

Wolverine Worldwide provided preliminary unaudited financial results for its fourth fiscal quarter and full-year 2014 ended January 3, 2015. In addition, the company provided its initial outlook for fiscal 2015. Revenue for the fourth quarter of approximately $808 million, representing growth of 9.1% compared to prior-year revenue of $741 million. Revenue for the full-year 2014 of approximately $2.76 billion, representing growth of 2.6% compared to prior-year revenue of $2.69 billion. Adjusted diluted earnings per share for the full-year 2014 at the high end of the previous earnings guidance of $1.57 to $1.63 per share. On a reported basis, diluted earnings per share to be consistent with the previous guidance of $1.32 to $1.38. Anticipated record operating cash flow for the year, enabling the company to reduce interest-bearing debt by approximately $250 million during fiscal 2014, including $175 million of accelerated, voluntary principal payments during the fourth fiscal quarter, a portion of which were attributed to the company's new accounts receivable financing facility. The company currently expects its full-year 2015 adjusted diluted earnings per share to be approximately flat compared to 2014.

Wolverine Worldwide Declares Quarterly Cash Dividend on Common Stock, Payable on February 2, 2015

The directors of Wolverine Worldwide declared a quarterly cash dividend of $0.06 per share of common stock. The dividend is payable on February 2, 2015, to stockholders of record on January 2, 2015. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.24 per share.

 

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Industry Analysis

WWW

Industry Average

Valuation WWW Industry Range
Price/Earnings 24.7x
Price/Sales 1.1x
Price/Book 3.1x
Price/Cash Flow 24.5x
TEV/Sales 0.6x
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