Wolverine World Wide (NYSE:WWW) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Wolverine World Wide (NYSE:WWW) from a hold rating to a buy rating in a report issued on Saturday.

A number of other brokerages have also recently issued reports on WWW. Robert W. Baird decreased their price objective on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday. BNP Paribas Exane cut shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $38.00 to $19.00 in a report on Thursday, January 22nd. Argus reiterated a “hold” rating on shares of Wolverine World Wide in a report on Friday, January 23rd. KeyCorp upped their price objective on shares of Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Needham & Company LLC began coverage on shares of Wolverine World Wide in a report on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective for the company. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.75.

Wolverine World Wide Trading Up 0.5%

Wolverine World Wide stock opened at $15.30 on Friday. The company’s fifty day simple moving average is $16.70 and its 200-day simple moving average is $17.57. The company has a quick ratio of 0.87, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $32.80. The stock has a market cap of $1.25 billion, a P/E ratio of 12.34 and a beta of 1.75.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $448.44 million. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. Wolverine World Wide’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, sell-side analysts forecast that Wolverine World Wide will post 1.55 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s payout ratio is currently 32.26%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Clearstead Advisors LLC raised its position in shares of Wolverine World Wide by 191.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after buying an additional 1,053 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Wolverine World Wide during the second quarter valued at about $34,000. Covestor Ltd raised its position in shares of Wolverine World Wide by 16,025.0% during the third quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after buying an additional 1,282 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Wolverine World Wide by 2,134.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock valued at $52,000 after buying an additional 2,754 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Wolverine World Wide by 68.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock valued at $55,000 after buying an additional 1,232 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

More Wolverine World Wide News

Here are the key news stories impacting Wolverine World Wide this week:

• Positive Sentiment: Wolverine beat Q1 earnings and revenue expectations, with EPS of $0.25 versus $0.22 expected and revenue of $457.6 million versus $448.4 million expected, helped by stronger performance from Merrell and Saucony. Article title
• Positive Sentiment: The company raised its FY2026 profit outlook to EPS of $1.43 to $1.58 and said margins should improve, reinforcing confidence in earnings momentum. Article title
• Positive Sentiment: Management said pricing helped protect Q1 margins and noted encouraging progress across the business, which supports the stock’s recent strength. Article title
• Neutral Sentiment: Analysts at Robert W. Baird and Telsey Advisory Group lowered price targets to $24 and $18, respectively, but both kept their ratings constructive, signaling some caution rather than a clear shift in the thesis.

About Wolverine World Wide

Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide’s offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.

Key brands in Wolverine World Wide’s portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort‐oriented line; and Keds, a heritage sneaker label.