Wolverine World Wide, Inc. (NYSE:WWW) Receives $21.75 Consensus Target Price from Brokerages

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.75.

Several brokerages recently issued reports on WWW. Zacks Research raised Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Telsey Advisory Group dropped their price objective on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. KeyCorp increased their price objective on Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Needham & Company LLC initiated coverage on Wolverine World Wide in a research note on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th.

Wolverine World Wide Stock Up 0.2%

Shares of NYSE:WWW opened at $18.06 on Wednesday. Wolverine World Wide has a 52-week low of $13.47 and a 52-week high of $32.80. The stock has a market cap of $1.48 billion, a P/E ratio of 14.56 and a beta of 1.73. The business’s 50 day moving average is $16.84 and its 200 day moving average is $17.36. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.26.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping 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 prior year, the firm earned $0.18 earnings per share. Wolverine World Wide’s 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. Sell-side analysts predict that Wolverine World Wide will post 1.54 EPS for the current year.

Wolverine World Wide Dividend Announcement

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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is 32.26%.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the sale, the director owned 54,202 shares of the company’s stock, valued at approximately $860,727.76. This trade represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Wolverine World Wide

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alua Capital Management LP purchased a new stake in shares of Wolverine World Wide during the 3rd quarter valued at $33,231,000. Vanguard Group Inc. raised its stake in Wolverine World Wide by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after acquiring an additional 353,808 shares during the last quarter. M&G PLC purchased a new position in Wolverine World Wide in the 3rd quarter worth $10,618,000. Jupiter Asset Management Ltd. raised its stake in Wolverine World Wide by 131.6% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 563,255 shares of the textile maker’s stock worth $15,456,000 after acquiring an additional 320,043 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new position in Wolverine World Wide in the 3rd quarter worth $21,859,000. 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.