World Wrestling Entertainment (NYSE:WWE) has been given a $40.00 price objective by Guggenheim in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Guggenheim’s price target indicates a potential upside of 25.51% from the company’s current price.

WWE has been the topic of several other reports. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of World Wrestling Entertainment in a research report on Tuesday, October 17th. Benchmark lifted their target price on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. BTIG Research lifted their target price on shares of World Wrestling Entertainment to $36.00 and gave the stock a “buy” rating in a research report on Monday. Finally, FBN Securities downgraded shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 30th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. World Wrestling Entertainment currently has a consensus rating of “Buy” and an average target price of $30.43.

Shares of World Wrestling Entertainment (WWE) opened at $31.87 on Thursday. The stock has a market cap of $2,450.00, a P/E ratio of 69.28, a P/E/G ratio of 2.47 and a beta of 0.86. The company has a current ratio of 2.68, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83. World Wrestling Entertainment has a 1-year low of $18.71 and a 1-year high of $33.28.

World Wrestling Entertainment (NYSE:WWE) last posted its earnings results on Thursday, October 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.20 by $0.08. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The business had revenue of $186.40 million for the quarter, compared to the consensus estimate of $176.19 million. During the same period last year, the company earned $0.14 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. research analysts anticipate that World Wrestling Entertainment will post 0.58 earnings per share for the current fiscal year.

In other news, SVP Blake Timothy Bilstad sold 1,801 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total value of $47,546.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent K. Mcmahon sold 3,340,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $28.68, for a total transaction of $95,791,200.00. Following the completion of the transaction, the chief executive officer now owns 3,340,000 shares in the company, valued at approximately $95,791,200. The disclosure for this sale can be found here. 49.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of WWE. Schwab Charles Investment Management Inc. lifted its position in shares of World Wrestling Entertainment by 13.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 170,440 shares of the company’s stock worth $3,472,000 after purchasing an additional 20,685 shares during the period. Rhumbline Advisers lifted its position in shares of World Wrestling Entertainment by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 73,703 shares of the company’s stock worth $1,501,000 after purchasing an additional 2,698 shares during the period. Legal & General Group Plc lifted its position in shares of World Wrestling Entertainment by 8.5% in the 2nd quarter. Legal & General Group Plc now owns 69,376 shares of the company’s stock worth $1,415,000 after purchasing an additional 5,438 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of World Wrestling Entertainment by 51.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,798 shares of the company’s stock valued at $240,000 after acquiring an additional 4,029 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of World Wrestling Entertainment by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 28,026 shares of the company’s stock valued at $571,000 after acquiring an additional 2,094 shares in the last quarter. Hedge funds and other institutional investors own 49.75% of the company’s stock.

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World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

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