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

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $21.75.

Several brokerages recently issued reports on WWW. Argus reissued a “hold” rating on shares of Wolverine World Wide in a research note on Friday, January 23rd. Telsey Advisory Group dropped their price objective on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. KeyCorp raised their target price 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. Robert W. Baird decreased their target price on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Finally, Zacks Research raised Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th.

Wolverine World Wide Stock Up 1.7%

Shares of NYSE:WWW opened at $16.45 on Friday. The business’s 50-day moving average is $16.61 and its 200-day moving average is $17.28. Wolverine World Wide has a 1 year low of $13.47 and a 1 year high of $32.80. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.26 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89.

Wolverine World Wide (NYSE:WWW) last issued its 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. The business had revenue of $457.60 million during the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The firm’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 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Equities research analysts predict that Wolverine World Wide will post 1.54 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio is presently 32.26%.

Insider Transactions at Wolverine World Wide

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

Institutional Trading of Wolverine World Wide

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Wolverine World Wide by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after purchasing an additional 353,808 shares during the last quarter. Callodine Capital Management LP grew its holdings in shares of Wolverine World Wide by 27.8% in the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock valued at $73,524,000 after acquiring an additional 980,839 shares in the last quarter. State Street Corp increased its position in shares of Wolverine World Wide by 2.1% during the fourth quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock valued at $56,271,000 after acquiring an additional 63,041 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Wolverine World Wide by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock worth $36,419,000 after acquiring an additional 59,304 shares during the period. Finally, Oxbow Capital Management HK Ltd bought a new stake in shares of Wolverine World Wide in the third quarter valued at $54,431,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

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.