Wolverine World Wide (NYSE:WWW) Shares Gap Up Following Earnings Beat

Wolverine World Wide, Inc. (NYSE:WWWGet Free Report) gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $18.04, but opened at $20.80. Wolverine World Wide shares last traded at $20.4610, with a volume of 219,226 shares.

The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $510.49 million. Wolverine World Wide had a return on equity of 31.24% and a net margin of 5.06%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is 38.46%.

Key Wolverine World Wide News

Here are the key news stories impacting Wolverine World Wide this week:

Wall Street Analysts Forecast Growth

WWW has been the topic of a number of research analyst reports. Piper Sandler lowered shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $16.00 in a report on Wednesday, January 7th. Argus reiterated a “hold” rating on shares of Wolverine World Wide in a report on Friday, January 23rd. BNP Paribas Exane lowered Wolverine World Wide from an “outperform” rating to a “neutral” rating and cut their price target for the company from $38.00 to $19.00 in a report on Thursday, January 22nd. UBS Group reduced their price objective on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Wolverine World Wide has a consensus rating of “Hold” and a consensus price target of $22.50.

Get Our Latest Analysis on Wolverine World Wide

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC raised its position in shares of Wolverine World Wide by 78.2% in the third quarter. WCM Investment Management LLC now owns 1,008,395 shares of the textile maker’s stock worth $27,499,000 after buying an additional 442,649 shares in the last quarter. SRS Investment Management LLC purchased a new position in Wolverine World Wide during the second quarter worth about $3,754,000. Campbell & CO Investment Adviser LLC bought a new position in Wolverine World Wide in the 3rd quarter worth about $4,143,000. Federated Hermes Inc. raised its holdings in shares of Wolverine World Wide by 23.6% in the 2nd quarter. Federated Hermes Inc. now owns 942,642 shares of the textile maker’s stock valued at $17,043,000 after acquiring an additional 180,184 shares in the last quarter. Finally, M&G PLC bought a new stake in shares of Wolverine World Wide during the 3rd quarter valued at about $10,618,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Trading Down 11.7%

The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.79 and a current ratio of 1.34. The stock has a market cap of $1.45 billion, a P/E ratio of 15.61 and a beta of 1.91. The stock has a 50-day moving average price of $18.18 and a 200-day moving average price of $22.03.

Wolverine World Wide Company Profile

(Get Free Report)

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.

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