Brokerages Set Wolverine World Wide, Inc. (NYSE:WWW) Target Price at $23.11

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $23.1111.

A number of brokerages have recently commented on WWW. Needham & Company LLC increased their price target on Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Seaport Research Partners reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 14th. Zacks Research cut Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $25.00 target price on shares of Wolverine World Wide in a research report on Thursday, August 13th.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $20.08 on Monday. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $32.80. The stock has a market capitalization of $1.65 billion, a PE ratio of 15.57 and a beta of 1.73. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average of $18.61 and a 200-day moving average of $17.57.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share 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 firm had revenue of $506.40 million during the quarter, compared to analysts’ expectations of $500.74 million. During the same period in the prior year, the company earned $0.32 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. On average, equities research analysts predict that Wolverine World Wide will post 1.64 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Wolverine World Wide during the 2nd quarter worth $422,000. California State Teachers Retirement System grew its position in shares of Wolverine World Wide by 1,374.6% during the 2nd quarter. California State Teachers Retirement System now owns 1,544,365 shares of the textile maker’s stock valued at $25,528,000 after acquiring an additional 1,439,635 shares during the period. Wellington Management Group LLP increased its position in Wolverine World Wide by 3.4% in the second quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker’s stock worth $74,852,000 after buying an additional 146,791 shares during the last quarter. Caitlin John LLC purchased a new stake in Wolverine World Wide in the 2nd quarter worth about $56,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Wolverine World Wide in the second quarter worth about $33,000. 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.