Wolverine World Wide (NYSE:WWW) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Wolverine World Wide, Inc. (NYSE:WWW) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.24 and traded as high as $17.88. Wolverine World Wide shares last traded at $17.5920, with a volume of 1,596,881 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WWW. Telsey Advisory Group reduced their price objective on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Robert W. Baird reduced their price objective on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. KeyCorp lifted their price objective on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Zacks Research raised Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Wolverine World Wide presently has a consensus rating of “Hold” and an average price target of $21.75.

Wolverine World Wide Stock Down 0.9%

The firm has a 50-day moving average of $16.72 and a 200 day moving average of $17.24. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.19 and a beta of 1.75. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $457.60 million for the quarter, compared to analyst estimates of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.Wolverine World Wide’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, sell-side analysts anticipate that Wolverine World Wide, Inc. will post 1.54 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.3%. Wolverine World Wide’s payout ratio is currently 32.26%.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of Wolverine World Wide stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the sale, the director directly owned 54,202 shares in the company, valued at $860,727.76. The trade was a 9.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wolverine World Wide

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clearstead Advisors LLC increased its holdings in Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after purchasing an additional 1,053 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Wolverine World Wide during the 2nd quarter worth approximately $34,000. Aster Capital Management DIFC Ltd increased its holdings in Wolverine World Wide by 1,605.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock worth $73,000 after purchasing an additional 2,505 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Wolverine World Wide by 2,134.9% during the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after purchasing an additional 2,754 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Wolverine World Wide by 68.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after purchasing an additional 1,232 shares during the last quarter. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

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.