Telsey Advisory Group Reiterates Market Perform Rating for Wolverine World Wide (NYSE:WWW)

Telsey Advisory Group restated their market perform rating on shares of Wolverine World Wide (NYSE:WWW) in a research report released on Thursday,Benzinga reports. The firm currently has a $17.00 price target on the textile maker’s stock. Telsey Advisory Group also issued estimates for Wolverine World Wide’s Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.47 EPS, FY2025 earnings at $1.18 EPS and FY2026 earnings at $1.48 EPS.

A number of other research analysts also recently issued reports on the stock. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. UBS Group upped their price objective on shares of Wolverine World Wide from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. Robert W. Baird upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $15.00 target price for the company in a research note on Monday, April 21st. Stifel Nicolaus dropped their price target on Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Baird R W upgraded Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Wolverine World Wide has an average rating of “Moderate Buy” and a consensus target price of $18.13.

Wolverine World Wide Stock Performance

Shares of Wolverine World Wide stock opened at $14.05 on Thursday. The business has a 50-day moving average price of $12.98 and a two-hundred day moving average price of $18.20. Wolverine World Wide has a 1-year low of $9.58 and a 1-year high of $24.64. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a market cap of $1.14 billion, a P/E ratio of 25.55 and a beta of 1.74.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.30) EPS. As a group, analysts anticipate that Wolverine World Wide will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Wolverine World Wide during the 4th quarter valued at $25,000. Signaturefd LLC raised its holdings in shares of Wolverine World Wide by 88.8% in the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 682 shares during the last quarter. Natixis bought a new position in shares of Wolverine World Wide during the fourth quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Wolverine World Wide during the fourth quarter worth about $64,000. Finally, KBC Group NV grew its position in Wolverine World Wide by 43.8% in the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,311 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.