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

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com 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 target price among brokers that have issued a report on the stock in the last year is $23.1111.

Several brokerages have commented on WWW. Telsey Advisory Group reiterated a “market perform” rating and set a $21.00 target price on shares of Wolverine World Wide in a research note on Friday, August 14th. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. KeyCorp reiterated an “overweight” rating and set a $25.00 price objective on shares of Wolverine World Wide in a research report on Thursday, August 13th. Williams Trading set a $20.00 target price on Wolverine World Wide in a research report on Wednesday, August 19th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $30.00 price target on shares of Wolverine World Wide in a research report on Friday, August 14th.

Wolverine World Wide Price Performance

WWW opened at $20.38 on Monday. The firm has a market cap of $1.67 billion, a PE ratio of 15.80 and a beta of 1.73. The stock has a 50-day moving average price of $18.71 and a 200-day moving average price of $17.59. Wolverine World Wide has a 1 year low of $13.47 and a 1 year high of $32.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.55 and a quick ratio of 0.98.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $506.40 million during the quarter, compared to analyst estimates of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. Wolverine World Wide’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Sell-side analysts predict that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 1st. Wolverine World Wide’s dividend payout ratio (DPR) is currently 31.01%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Clearstead Advisors LLC boosted its stake in shares of 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 acquiring an additional 1,053 shares during the period. Public Employees Retirement System of Ohio bought a new position in Wolverine World Wide in the 2nd quarter worth approximately $33,000. Global Retirement Partners LLC purchased a new stake in Wolverine World Wide during the 2nd quarter valued at approximately $34,000. Canada Pension Plan Investment Board purchased a new position in shares of Wolverine World Wide in the second quarter worth $34,000. Finally, Quadrant Capital Group LLC boosted its position 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 acquiring an additional 1,232 shares during the last quarter. 90.25% of the stock is currently owned by 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.