World Wrestling Entertainment (NYSE:WWE) Given Buy Rating at Loop Capital

Loop Capital reiterated their buy rating on shares of World Wrestling Entertainment (NYSE:WWE) in a report published on Wednesday, AnalystRatings.com reports. They currently have a $80.00 price target on the stock.

A number of other equities analysts have also recently commented on WWE. Morgan Stanley set a $80.00 price objective on shares of World Wrestling Entertainment and gave the stock an overweight rating in a research note on Friday, November 1st. TheStreet cut shares of World Wrestling Entertainment from a b rating to a c+ rating in a research note on Friday, November 1st. MKM Partners set a $110.00 price objective on shares of World Wrestling Entertainment and gave the stock a buy rating in a research note on Friday, October 18th. Benchmark dropped their price objective on shares of World Wrestling Entertainment from $90.00 to $79.00 and set a buy rating for the company in a research note on Friday, November 1st. Finally, Consumer Edge started coverage on shares of World Wrestling Entertainment in a research note on Wednesday, October 2nd. They issued an equal weight rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $90.63.

Shares of NYSE WWE opened at $60.69 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.17. The company has a market cap of $5.00 billion, a P/E ratio of 127.34 and a beta of 1.35. The firm’s fifty day moving average is $63.30 and its two-hundred day moving average is $67.60. World Wrestling Entertainment has a 52-week low of $52.69 and a 52-week high of $100.45.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $186.30 million for the quarter, compared to the consensus estimate of $192.19 million. World Wrestling Entertainment had a net margin of 5.38% and a return on equity of 15.29%. World Wrestling Entertainment’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. As a group, analysts forecast that World Wrestling Entertainment will post 0.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Friday, December 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.79%. World Wrestling Entertainment’s payout ratio is currently 42.86%.

Several hedge funds have recently added to or reduced their stakes in WWE. Sachem Head Capital Management LP purchased a new position in shares of World Wrestling Entertainment during the 3rd quarter worth about $145,858,000. Nuveen Asset Management LLC boosted its stake in shares of World Wrestling Entertainment by 5,475.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 966,210 shares of the company’s stock worth $69,770,000 after purchasing an additional 948,879 shares during the period. Lindsell Train Ltd boosted its stake in shares of World Wrestling Entertainment by 8.9% during the 3rd quarter. Lindsell Train Ltd now owns 7,807,295 shares of the company’s stock worth $556,192,000 after purchasing an additional 638,652 shares during the period. APG Asset Management N.V. boosted its stake in shares of World Wrestling Entertainment by 190.2% during the 2nd quarter. APG Asset Management N.V. now owns 765,600 shares of the company’s stock worth $48,546,000 after purchasing an additional 501,800 shares during the period. Finally, black and white Capital LP boosted its stake in shares of World Wrestling Entertainment by 126.4% during the 3rd quarter. black and white Capital LP now owns 600,000 shares of the company’s stock worth $42,690,000 after purchasing an additional 335,000 shares during the period. 74.34% of the stock is owned by hedge funds and other institutional investors.

World Wrestling Entertainment 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 in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.

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Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

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