Wolverine World Wide, Inc. (NYSE:WWW) Given Average Recommendation of “Hold” by Brokerages

Wolverine World Wide, Inc. (NYSE:WWW) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $21.75.

WWW has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wolverine World Wide in a research note on Friday, May 29th. KeyCorp raised their target price on shares of Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Telsey Advisory Group lowered their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Zacks Research raised shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Finally, Needham & Company LLC initiated coverage on shares of Wolverine World Wide in a research note on Thursday, March 26th. They issued a “buy” rating and a $21.00 target price on the stock.

Wolverine World Wide Price Performance

WWW stock opened at $16.99 on Wednesday. The firm has a 50 day moving average of $16.74 and a 200-day moving average of $17.31. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $32.80. The firm has a market capitalization of $1.39 billion, a P/E ratio of 13.70 and a beta of 1.73.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The company had revenue of $457.60 million during the quarter, compared to analyst estimates of $448.44 million. During the same period last year, the business earned $0.18 earnings per share. Wolverine World Wide’s revenue was up 11.0% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, sell-side analysts predict that Wolverine World Wide will post 1.54 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is currently 32.26%.

Insiders Place Their Bets

In related news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total value of $87,340.00. Following the sale, the director directly owned 54,202 shares of the company’s stock, valued at $860,727.76. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wolverine World Wide

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Investment Consultants LLC purchased a new stake in Wolverine World Wide in the first quarter valued at approximately $182,000. Edgestream Partners L.P. purchased a new position in shares of Wolverine World Wide during the first quarter worth approximately $935,000. Janus Henderson Group PLC raised its stake in shares of Wolverine World Wide by 197.9% during the first quarter. Janus Henderson Group PLC now owns 103,781 shares of the textile maker’s stock worth $1,694,000 after acquiring an additional 68,944 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Wolverine World Wide by 34.7% during the first quarter. California State Teachers Retirement System now owns 104,730 shares of the textile maker’s stock worth $1,709,000 after acquiring an additional 26,993 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Wolverine World Wide by 6.1% during the first quarter. Quantinno Capital Management LP now owns 68,137 shares of the textile maker’s stock worth $1,112,000 after acquiring an additional 3,894 shares in the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

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.