Wolverine World Wide (NYSE:WWW) Downgraded by Zacks Research to Hold

Wolverine World Wide (NYSE:WWW) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms have also recently issued reports on WWW. Telsey Advisory Group decreased their target price on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Wall Street Zen lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Robert W. Baird reduced their price objective on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Finally, Weiss Ratings raised shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.75.

Wolverine World Wide Stock Up 0.8%

Shares of WWW opened at $19.50 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $1.60 billion, a PE ratio of 15.73 and a beta of 1.73. The firm’s 50 day moving average is $17.80 and its 200-day moving average is $17.39. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $32.80.

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 analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $457.60 million during the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Equities research analysts forecast that Wolverine World Wide will post 1.56 EPS for the current year.

Insider Activity at Wolverine World Wide

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $860,727.76. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Wolverine World Wide

Hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC raised its position in Wolverine World Wide by 191.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after purchasing an additional 1,053 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Wolverine World Wide during the second quarter valued at approximately $34,000. Global Retirement Partners LLC grew its holdings in shares of Wolverine World Wide by 2,134.9% in 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 during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Wolverine World Wide by 68.1% in 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. Finally, Larson Financial Group LLC boosted its position in Wolverine World Wide by 13,834.3% during the 3rd quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock valued at $134,000 after buying an additional 4,842 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Company Profile

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.