Wolverine World Wide (NYSE:WWW) Rating Lowered to “Hold” at Wall Street Zen

Wolverine World Wide (NYSE:WWW) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other brokerages also recently weighed in on WWW. Weiss Ratings restated a “hold (c-)” rating on shares of Wolverine World Wide in a report on Monday, December 29th. Piper Sandler cut Wolverine World Wide from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $16.00 in a research report on Wednesday, January 7th. Robert W. Baird upped their price objective on Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Telsey Advisory Group upped their price objective on Wolverine World Wide from $18.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, February 27th. Finally, UBS Group lowered their price objective on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.33.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $17.72 on Friday. The stock’s 50-day moving average is $17.10 and its two-hundred day moving average is $18.40. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.40 and a quick ratio of 0.87. Wolverine World Wide has a 1-year low of $12.44 and a 1-year high of $32.80. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 15.68 and a beta of 1.85.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $0.40 EPS. Wolverine World Wide’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. Analysts forecast that Wolverine World Wide will post 1.46 EPS for the current fiscal year.

Institutional Trading of Wolverine World Wide

Large investors have recently made changes to their positions in the company. Covestor Ltd boosted its position in shares of Wolverine World Wide by 16,025.0% in the 3rd quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 1,282 shares during the period. Clearstead Advisors LLC boosted its position in shares of Wolverine World Wide by 191.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after purchasing 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 2nd quarter valued at about $34,000. Aster Capital Management DIFC Ltd boosted its position in shares of Wolverine World Wide by 1,605.8% in the 3rd 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. Finally, Global Retirement Partners LLC boosted its position in shares of Wolverine World Wide by 2,134.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 2,754 shares during the period. 90.25% of the stock is owned by institutional investors and hedge funds.

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.