Wolverine World Wide, Inc. (NYSE:WWW) Stock Has Consensus Target Price of $23.11

Wolverine World Wide, Inc. (NYSE:WWW) has received an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.11.

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. KeyCorp reissued an “overweight” rating and set a $25.00 price objective on shares of Wolverine World Wide in a report on Thursday, August 13th. Needham & Company LLC raised their target price on Wolverine World Wide from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. UBS Group boosted their target price on Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Robert W. Baird boosted their target price on Wolverine World Wide from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, August 14th.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $20.02 on Tuesday. Wolverine World Wide has a fifty-two week low of $13.47 and a fifty-two week high of $27.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. The firm’s 50-day simple moving average is $19.56 and its 200 day simple moving average is $18.12. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.28 and a beta of 1.69.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The business had revenue of $506.40 million during the quarter, compared to the consensus estimate of $500.74 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. Wolverine World Wide’s revenue was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, research analysts anticipate that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a yield of 2.0%. Wolverine World Wide’s dividend payout ratio (DPR) is 31.01%.

Institutional Investors Weigh In On Wolverine World Wide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Wolverine World Wide by 111.8% during the first quarter. Renaissance Technologies LLC now owns 534,045 shares of the textile maker’s stock worth $8,716,000 after purchasing an additional 281,845 shares during the period. First Trust Advisors LP increased its stake in shares of Wolverine World Wide by 262.7% in the first quarter. First Trust Advisors LP now owns 87,190 shares of the textile maker’s stock worth $1,423,000 after purchasing an additional 63,154 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Wolverine World Wide in the second quarter worth about $2,591,000. Bank of New York Mellon Corp bought a new stake in shares of Wolverine World Wide in the second quarter valued at approximately $13,557,000. Finally, Aristotle Capital Boston LLC raised its position in shares of Wolverine World Wide by 32.3% in the fourth quarter. Aristotle Capital Boston LLC now owns 702,079 shares of the textile maker’s stock valued at $12,743,000 after purchasing an additional 171,509 shares during the period. 90.25% of the stock is currently owned by institutional investors.

About Wolverine World Wide

Wolverine World Wide, Inc is a global footwear and apparel company headquartered in Rockford, Michigan. Founded in 1883, the company designs, manufactures, sources, markets and licenses footwear, clothing and accessories for consumers and workers around the world.

Its brand portfolio includes Merrell, known for outdoor and hiking footwear; Saucony, which focuses on running and athletic shoes; Wolverine, a work and lifestyle brand; Hush Puppies; Chaco; Bates; and other licensed or owned footwear brands.