Wolverine World Wide (NYSE:WWW) Price Target Raised to $22.00

Wolverine World Wide (NYSE:WWWFree Report) had its price objective increased by Telsey Advisory Group from $18.00 to $22.00 in a research report sent to investors on Friday, MarketBeat.com reports. Telsey Advisory Group currently has a market perform rating on the textile maker’s stock.

Several other research firms have also weighed in on WWW. Stifel Nicolaus set a $25.00 price objective on shares of Wolverine World Wide in a research note on Thursday, November 6th. Argus restated a “hold” rating on shares of Wolverine World Wide in a report on Friday, January 23rd. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Piper Sandler cut shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $16.00 in a research report on Wednesday, January 7th. Finally, KeyCorp reduced their target price on Wolverine World Wide from $32.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.50.

Check Out Our Latest Analysis on Wolverine World Wide

Wolverine World Wide Stock Performance

Shares of WWW opened at $17.64 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 1.29. The firm’s fifty day simple moving average is $18.18 and its two-hundred day simple moving average is $21.94. Wolverine World Wide has a 12 month low of $9.58 and a 12 month high of $32.80. The stock has a market capitalization of $1.45 billion, a P/E ratio of 15.61 and a beta of 1.88.

Wolverine World Wide (NYSE:WWWGet Free Report) last announced its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Wolverine World Wide had a return on equity of 29.84% and a net margin of 5.06%.The company had revenue of $517.50 million for the quarter, compared to the consensus estimate of $510.49 million. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. As a group, analysts predict 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, May 1st. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Wolverine World Wide’s payout ratio is currently 35.40%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Wolverine World Wide by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock valued at $163,146,000 after buying an additional 353,808 shares during the last quarter. Callodine Capital Management LP boosted its holdings in Wolverine World Wide by 41.0% during the 2nd quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock worth $77,700,000 after acquiring an additional 1,250,515 shares during the last quarter. State Street Corp grew its stake in shares of Wolverine World Wide by 2.1% in the 4th quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after acquiring an additional 63,041 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Wolverine World Wide by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock valued at $36,419,000 after buying an additional 59,304 shares during the last quarter. Finally, Oxbow Capital Management HK Ltd bought a new position in shares of Wolverine World Wide during the 3rd quarter worth approximately $54,431,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

More Wolverine World Wide News

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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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