Wolverine World Wide, Inc. (NYSE:WWW) Receives Average Recommendation of “Hold” from Analysts

Wolverine World Wide, Inc. (NYSE:WWW) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.3333.

Several equities analysts have commented on WWW shares. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. UBS Group decreased their price objective on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Needham & Company LLC started coverage on Wolverine World Wide in a research report on Thursday. They set a “buy” rating and a $21.00 price objective on the stock. Zacks Research upgraded Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Finally, BNP Paribas Exane cut Wolverine World Wide from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $19.00 in a research report on Thursday, January 22nd.

Institutional Trading of Wolverine World Wide

Institutional investors have recently made changes to their positions in the business. Covestor Ltd boosted its position in shares of Wolverine World Wide by 16,025.0% during the 3rd quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 1,282 shares in the last quarter. Clearstead Advisors LLC raised its position in Wolverine World Wide by 191.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after purchasing an additional 1,053 shares in the last quarter. Hara Capital LLC bought a new position in Wolverine World Wide during the second quarter worth about $30,000. Canada Pension Plan Investment Board bought a new position in Wolverine World Wide during the second quarter worth about $34,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Wolverine World Wide by 1,605.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 2,505 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Stock Performance

NYSE:WWW opened at $16.46 on Friday. The firm’s 50-day moving average is $17.56 and its 200-day moving average is $20.23. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 14.56 and a beta of 1.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.87 and a current ratio of 1.40. Wolverine World Wide has a 52-week low of $9.58 and a 52-week high of $32.80.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. The business had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $510.49 million. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. Equities research analysts anticipate that Wolverine World Wide will post 1.23 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. Wolverine World Wide’s dividend payout ratio is currently 35.40%.

Wolverine World Wide Company Profile

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.