WWE (WWE) Sets New 12-Month High and Low at $40.48

WWE (NYSE:WWE) hit a new 52-week high and low during trading on Thursday . The company traded as low as $40.48 and last traded at $40.18, with a volume of 207386 shares changing hands. The stock had previously closed at $39.53.

A number of equities research analysts have commented on WWE shares. Citigroup downgraded shares of WWE from a “buy” rating to a “neutral” rating and increased their price objective for the company from $29.00 to $33.00 in a research report on Saturday, December 30th. Wells Fargo raised shares of WWE from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 4th. BTIG Research increased their price objective on shares of WWE to $36.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Guggenheim set a $40.00 price objective on shares of WWE and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research downgraded shares of WWE from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $40.18.

The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.77 and a current ratio of 2.83. The stock has a market cap of $2,964.84, a P/E ratio of 62.02 and a beta of 0.88.

WWE (NYSE:WWE) last posted its earnings results on Thursday, February 8th. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $211.60 million for the quarter, compared to the consensus estimate of $208.51 million. WWE had a net margin of 4.07% and a return on equity of 20.50%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. analysts predict that WWE will post 0.84 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, June 14th. WWE’s dividend payout ratio (DPR) is 73.85%.

In other WWE news, SVP Blake Timothy Bilstad sold 1,419 shares of the firm’s stock in a transaction on Sunday, February 11th. The shares were sold at an average price of $35.53, for a total transaction of $50,417.07. Following the transaction, the senior vice president now directly owns 24,121 shares of the company’s stock, valued at approximately $857,019.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Kowal sold 2,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $36.70, for a total transaction of $73,400.00. The disclosure for this sale can be found here. Company insiders own 45.10% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Elkfork Partners LLC purchased a new position in WWE during the 4th quarter worth $147,000. LS Investment Advisors LLC grew its position in WWE by 31.6% during the 4th quarter. LS Investment Advisors LLC now owns 6,296 shares of the company’s stock worth $193,000 after purchasing an additional 1,512 shares during the last quarter. Wolverine Trading LLC grew its position in WWE by 153.9% during the 4th quarter. Wolverine Trading LLC now owns 7,386 shares of the company’s stock worth $226,000 after purchasing an additional 21,086 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in WWE during the 3rd quarter worth $176,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in WWE during the 4th quarter worth $324,000. 55.62% of the stock is currently owned by institutional investors.

WWE Company Profile

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

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