Telsey Advisory Group Has Weak Estimate for WWW Q1 Earnings

Wolverine World Wide, Inc. (NYSE:WWW) – Stock analysts at Telsey Advisory Group decreased their Q1 2025 EPS estimates for Wolverine World Wide in a research report issued to clients and investors on Thursday, May 1st. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will earn $0.10 per share for the quarter, down from their previous forecast of $0.30. Telsey Advisory Group currently has a “Market Perform” rating and a $17.00 target price on the stock. The consensus estimate for Wolverine World Wide’s current full-year earnings is $1.23 per share.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The firm had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $485.74 million. During the same period in the prior year, the firm posted ($0.30) earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year.

WWW has been the topic of several other research reports. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Piper Sandler cut their price objective on shares of Wolverine World Wide from $27.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, April 11th. UBS Group increased their target price on shares of Wolverine World Wide from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Baird R W upgraded shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 21st. Finally, Stifel Nicolaus reduced their price target on Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.75.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $14.27 on Monday. Wolverine World Wide has a twelve month low of $9.58 and a twelve month high of $24.64. The company has a market cap of $1.16 billion, a PE ratio of 25.95 and a beta of 1.62. The business’s 50 day moving average price is $12.95 and its two-hundred day moving average price is $18.16. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is 72.73%.

Institutional Trading of Wolverine World Wide

A number of hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in shares of Wolverine World Wide by 2.2% during the fourth quarter. FMR LLC now owns 11,766,527 shares of the textile maker’s stock valued at $261,217,000 after acquiring an additional 249,456 shares during the last quarter. Earnest Partners LLC grew its position in shares of Wolverine World Wide by 0.4% in the 4th quarter. Earnest Partners LLC now owns 5,228,918 shares of the textile maker’s stock valued at $116,082,000 after buying an additional 19,295 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Wolverine World Wide in the fourth quarter valued at about $64,943,000. JPMorgan Chase & Co. raised its position in shares of Wolverine World Wide by 70.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker’s stock worth $53,854,000 after acquiring an additional 998,916 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Wolverine World Wide by 5.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker’s stock worth $37,091,000 after acquiring an additional 86,475 shares during the period. 90.25% of the stock is owned by institutional investors and hedge funds.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.