Stocks of World Wrestling Entertainment Inc. (NYSE:WWE) traded higher last session on Wall Street, up 2.26% to $72.04.
According to the data, World Wrestling Entertainment Inc. (NYSE:WWE) has 11 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $111.00 and a low of $52.00, we find $86.00. Given the previous closing price of $70.45, this indicates a potential upside of 22.07 percent. WWE stock price is now -4.59% away from the 50-day moving average and 5.58% away from the 200-day moving average. The market capitalization of the company currently stands at $5.36B.
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A total of 4 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $84.80 as their price target over the next twelve months.
With the price target maintained at $98, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for World Wrestling Entertainment Inc. (NYSE: WWE). , while ‘Loop Capital’ rates the stock as ‘Buy’.
In other news, DUNN KEVIN, Executive Producer & Chief Glo sold 15,000 shares of the company’s stock on May 27. The stock was sold for $1,000,500 at an average price of $66.70. Upon completion of the transaction, the Executive Producer & Chief Glo now directly owns 271,171 shares in the company, valued at $19.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 23, EVP, Operations Blum Bradley sold 9,800 shares of the business’s stock. A total of $589,372 was realized by selling the stock at an average price of $60.14. This leaves the insider owning 30,737 shares of the company worth $2.21 million. Insiders disposed of 152,354 shares of company stock worth roughly $10.98 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WWE stock. A new stake in World Wrestling Entertainment Inc. shares was purchased by SAMLYN CAPITAL, LLC during the first quarter worth $42,856,000. M.D. SASS INVESTORS SERVICES, INC. invested $15,920,000 in shares of WWE during the first quarter. In the first quarter, TWO SIGMA ADVISERS, LP acquired a new stake in World Wrestling Entertainment Inc. valued at approximately $11,001,000. J. GOLDMAN & CO LP acquired a new stake in WWE for approximately $7,871,000. JACOBS LEVY EQUITY MANAGEMENT, INC purchased a new stake in WWE valued at around $7,326,000 in the second quarter.
Thursday’s opening bell rang with an opening price of $70.31 for World Wrestling Entertainment Inc. (NYSE: WWE). During the past 12 months, World Wrestling Entertainment Inc. has had a low of $47.71 and a high of $81.63. As of last week, the company has a debt-to-equity ratio of 1.31, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for WWE is $75.39 and a two-hundred day moving average price translates $68.29 for the stock.
The latest earnings results from World Wrestling Entertainment Inc. (NYSE: WWE) was released for Jun, 2022. According to the Entertainment Company, earnings per share came in at $0.59, beating analysts’ expectations of $0.56 by 0.03. This compares to $0.52 EPS in the same period last year. The net profit margin was 17.10% and return on equity was 51.40% for WWE. The company reported revenue of $304.64 million for the quarter, compared to $255.85 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.07 percent. For the current quarter, analysts expect WWE to generate $281.87M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/27/2022. Investors who held shares on 12/15/2022 were paid a $0.12 dividend. On an annualized basis, this represents a $0.48 dividend and a 0.67% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend. In terms of dividend payout ratio, WWE is presently at 12.40%.
World Wrestling Entertainment Inc.(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. It operates through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment. The Live Events segment is involved in the sale of tickets; provision of event services; and sale of travel packages related to its live events. The Consumer Products segment engages in merchandising of WWE branded products, such as video games, toys, apparel, and books through licensing arrangements and direct-to-consumer sales, as well as through e-commerce platforms. World Wrestling Entertainment, Inc. was founded in 1980 and is headquartered in Stamford, Connecticut.
