Analysts Set Wolverine World Wide, Inc. (NYSE:WWW) Price Target at $21.75

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have earned an average recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $21.75.

Several research firms have weighed in on WWW. Robert W. Baird lowered their price objective on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Zacks Research cut shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wall Street Zen downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Telsey Advisory Group lowered their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a 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.

Wolverine World Wide Trading Up 0.8%

Shares of Wolverine World Wide stock opened at $19.50 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. Wolverine World Wide has a 52 week low of $13.47 and a 52 week high of $32.80. The stock has a 50 day moving average price of $17.80 and a two-hundred day moving average price of $17.39. The stock has a market capitalization of $1.60 billion, a PE ratio of 15.73 and a beta of 1.73.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $448.44 million. During the same period in the prior year, the firm earned $0.18 earnings per share. Wolverine World Wide’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 analysts anticipate that Wolverine World Wide will post 1.56 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. Wolverine World Wide’s payout ratio is presently 32.26%.

Insiders Place Their Bets

In other news, Director Brenda J. Lauderback sold 5,500 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total value of $87,340.00. Following the completion of the sale, the director owned 54,202 shares in the company, valued at $860,727.76. This represents a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Wolverine World Wide

A number of institutional investors and hedge funds have recently modified their holdings of WWW. Clearstead Advisors LLC boosted its position in Wolverine World Wide by 191.8% in the fourth 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 last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Wolverine World Wide during the 2nd quarter worth $34,000. Global Retirement Partners LLC raised its stake in shares of Wolverine World Wide by 2,134.9% during the 4th 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 period. Quadrant Capital Group LLC boosted its holdings in shares of Wolverine World Wide by 68.1% in the 4th 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 last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Wolverine World Wide by 13,834.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock worth $134,000 after buying an additional 4,842 shares during the last quarter. 90.25% of the stock is owned by hedge funds and other 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.