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

Wolverine World Wide, Inc. (NYSE:WWW) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $21.75.

WWW has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Needham & Company LLC began coverage on shares of Wolverine World Wide in a research note on Thursday, March 26th. They set a “buy” rating and a $21.00 target price for the company. Telsey Advisory Group cut their price target on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. 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. Finally, Robert W. Baird decreased their price objective on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, May 15th.

Wolverine World Wide Trading Up 0.1%

WWW opened at $16.55 on Friday. 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 stock’s 50 day moving average price is $16.79 and its 200-day moving average price is $17.34. Wolverine World Wide has a one year low of $13.47 and a one year high of $32.80. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 13.34 and a beta of 1.75.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The firm had revenue of $457.60 million during the quarter, compared to analyst estimates of $448.44 million. During the same period last year, the company earned $0.18 EPS. Wolverine World Wide’s quarterly 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. On average, equities analysts forecast that Wolverine World Wide will post 1.56 EPS for the current year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders 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 is Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio is currently 32.26%.

Insider Activity at Wolverine World Wide

In other news, Director Brenda J. Lauderback sold 5,500 shares of Wolverine World Wide stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the sale, the director owned 54,202 shares of the company’s stock, valued at approximately $860,727.76. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Wolverine World Wide

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Wolverine World Wide by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after purchasing an additional 353,808 shares in the last quarter. Callodine Capital Management LP raised its position in Wolverine World Wide by 27.8% during the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock valued at $73,524,000 after purchasing an additional 980,839 shares in the last quarter. State Street Corp lifted its holdings 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 buying an additional 63,041 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of 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 worth $36,419,000 after buying an additional 59,304 shares during the period. Finally, Oxbow Capital Management HK Ltd bought a new position in shares of Wolverine World Wide during the 3rd quarter worth $54,431,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

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.