Brokerages Set Wolverine World Wide, Inc. (NYSE:WWW) Target Price at $22.50

Wolverine World Wide, Inc. (NYSE:WWW) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $22.50.

A number of equities research analysts have issued reports on WWW shares. UBS Group lowered their price target 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. Piper Sandler cut Wolverine World Wide from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $22.00 to $16.00 in a report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Wolverine World Wide in a research report on Monday, December 29th. Robert W. Baird raised their price target on shares of Wolverine World Wide from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, KeyCorp boosted their price objective on shares of Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th.

Wolverine World Wide Price Performance

Wolverine World Wide stock opened at $17.79 on Monday. Wolverine World Wide has a 1 year low of $9.58 and a 1 year high of $32.80. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.87 and a current ratio of 1.40. The firm has a 50 day moving average price of $18.19 and a 200 day moving average price of $21.76. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 15.74 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $517.50 million for the quarter, compared to analyst estimates of $510.49 million. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. Wolverine World Wide’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. Sell-side analysts predict that Wolverine World Wide will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio is 35.40%.

Institutional Investors Weigh In On Wolverine World Wide

Several institutional investors and hedge funds have recently modified their holdings of WWW. Clearstead Advisors LLC raised its holdings in shares of Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after buying an additional 1,053 shares during the period. Hara Capital LLC acquired a new stake in Wolverine World Wide in the second quarter valued at approximately $30,000. Canada Pension Plan Investment Board purchased a new stake in shares of Wolverine World Wide during the second quarter valued at approximately $34,000. Covestor Ltd lifted its position in shares of Wolverine World Wide by 16,025.0% during the third quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock worth $35,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position 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. 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.