Brenda Lauderback Sells 5,500 Shares of Wolverine World Wide (NYSE:WWW) Stock

Wolverine World Wide, Inc. (NYSE:WWW) Director Brenda Lauderback sold 5,500 shares of Wolverine World Wide stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $15.88, for a total value of $87,340.00. Following the transaction, the director directly owned 54,202 shares in the company, valued at approximately $860,727.76. This trade represents a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wolverine World Wide Trading Up 1.7%

NYSE:WWW opened at $16.45 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89. Wolverine World Wide, Inc. has a fifty-two week low of $13.47 and a fifty-two week high of $32.80. The stock’s 50-day moving average is $16.61 and its two-hundred day moving average is $17.28. The stock has a market cap of $1.35 billion, a PE ratio of 13.26 and a beta of 1.75.

Wolverine World Wide (NYSE:WWW) last released its 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. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The company had revenue of $457.60 million for the quarter, compared to analysts’ expectations of $448.44 million. During the same quarter in the previous year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, equities research analysts forecast that Wolverine World Wide, Inc. will post 1.54 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s payout ratio is 32.26%.

Analyst Ratings Changes

Several equities analysts have weighed in on WWW shares. Robert W. Baird lowered their target price on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Telsey Advisory Group lowered their price target on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. Zacks Research raised Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Needham & Company LLC assumed coverage on Wolverine World Wide in a research note on Thursday, March 26th. They issued a “buy” rating and a $21.00 price target for the company. Finally, KeyCorp boosted their price target on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.75.

Institutional Investors Weigh In On Wolverine World Wide

Several large investors have recently made changes to their positions in WWW. Vanguard Group Inc. boosted its position in Wolverine World Wide by 4.1% during 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 during the period. Callodine Capital Management LP boosted its position in Wolverine World Wide by 27.8% during the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after purchasing an additional 980,839 shares during the period. State Street Corp boosted its position in Wolverine World Wide by 2.1% during the fourth quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after purchasing an additional 63,041 shares during the period. JPMorgan Chase & Co. boosted its position in Wolverine World Wide by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock worth $36,419,000 after purchasing an additional 59,304 shares during the period. Finally, Oxbow Capital Management HK Ltd bought a new stake in Wolverine World Wide during the third quarter worth approximately $54,431,000. 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.