Wolverine World Wide, Inc. (NYSE:WWW) Receives $21.75 Average Price Target from Brokerages

Wolverine World Wide, Inc. (NYSE:WWW) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $21.75.

WWW has been the subject of a number of recent research reports. Wall Street Zen cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Telsey Advisory Group decreased their price target on shares of 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 lowered their price target 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, May 15th. Finally, Weiss Ratings raised shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th.

Insider Buying and Selling

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value of $87,340.00. Following the completion of the transaction, the director directly owned 54,202 shares in the company, valued at approximately $860,727.76. The trade was a 9.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

A number of hedge funds and other institutional investors have recently made changes to their positions in WWW. Clearstead Advisors LLC grew its position in shares of Wolverine World Wide by 191.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 1,053 shares during the period. Canada Pension Plan Investment Board purchased a new position in Wolverine World Wide during the second quarter worth about $34,000. Global Retirement Partners LLC lifted its position in 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 worth $52,000 after buying an additional 2,754 shares during the period. Quadrant Capital Group LLC boosted its stake in Wolverine World Wide by 68.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after buying an additional 1,232 shares during the last quarter. Finally, Archer Investment Corp acquired a new stake in Wolverine World Wide in the 1st quarter worth about $95,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $19.64 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. The business’s fifty day moving average price is $17.66 and its two-hundred day moving average price is $17.38. The stock has a market cap of $1.61 billion, a PE ratio of 15.84 and a beta of 1.75. Wolverine World Wide has a one year low of $13.47 and a one year high of $32.80.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The company had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $448.44 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, analysts forecast that Wolverine World Wide will post 1.56 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s payout ratio is presently 32.26%.

Wolverine World Wide Company Profile

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.