Wolverine World Wide, Inc. (NYSE:WWW) Receives $23.11 Average Price Target from Analysts

Wolverine World Wide, Inc. (NYSE:WWW) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $23.1111.

Several research analysts recently issued reports on WWW shares. Stifel Nicolaus increased their price target on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Robert W. Baird upped their price target on Wolverine World Wide from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, August 14th. UBS Group raised their target price on shares of Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $21.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th.

Institutional Trading of Wolverine World Wide

Several hedge funds have recently bought and sold shares of WWW. Clearstead Advisors LLC grew its holdings in 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 in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Wolverine World Wide in the 2nd quarter valued at about $33,000. Global Retirement Partners LLC purchased a new stake in Wolverine World Wide during the second quarter valued at approximately $34,000. Canada Pension Plan Investment Board purchased a new position in shares of Wolverine World Wide in the 2nd quarter worth approximately $34,000. Finally, Quadrant Capital Group LLC boosted its stake in 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 buying an additional 1,232 shares during the period. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Up 0.2%

WWW stock opened at $20.38 on Monday. Wolverine World Wide has a fifty-two week low of $13.47 and a fifty-two week high of $32.80. The business’s 50 day moving average price is $18.71 and its two-hundred day moving average price is $17.59. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 15.80 and a beta of 1.73.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $506.40 million for the quarter, compared to analyst estimates of $500.74 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, analysts forecast 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. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. Wolverine World Wide’s dividend payout ratio (DPR) is currently 31.01%.

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.