Wolverine World Wide (NYSE:WWW) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Wolverine World Wide, Inc. (NYSE:WWW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.40 and traded as high as $17.68. Wolverine World Wide shares last traded at $16.9150, with a volume of 690,542 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on WWW shares. KeyCorp raised their target price on Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Telsey Advisory Group decreased their price target on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Zacks Research upgraded Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Needham & Company LLC assumed coverage on Wolverine World Wide in a research report on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.75.

Wolverine World Wide Stock Performance

The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. The firm has a market capitalization of $1.39 billion, a PE ratio of 13.64 and a beta of 1.73. The firm’s 50 day moving average price is $16.97 and its 200-day moving average price is $17.40.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. The firm had revenue of $457.60 million during the quarter, compared to analyst estimates of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.Wolverine World Wide’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, research analysts expect that Wolverine World Wide, Inc. will post 1.54 EPS for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. Wolverine World Wide’s payout ratio is 32.26%.

Insider Buying and Selling at Wolverine World Wide

In other news, Director Brenda J. Lauderback sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the transaction, the director directly owned 54,202 shares of the company’s stock, valued at $860,727.76. This represents a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wolverine World Wide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC raised its position in Wolverine World Wide by 191.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after acquiring an additional 1,053 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Wolverine World Wide in the second quarter valued at about $34,000. Aster Capital Management DIFC Ltd grew its position in shares of Wolverine World Wide by 1,605.8% in 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 during the period. Global Retirement Partners LLC increased its stake in shares of Wolverine World Wide by 2,134.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after purchasing an additional 2,754 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Wolverine World Wide by 68.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after purchasing an additional 1,232 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

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.