Analysts Set Wolverine World Wide, Inc. (NYSE:WWW) Price Target at $21.71

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.7143.

Several research analysts recently weighed in on the company. Stifel Nicolaus set a $25.00 price target on Wolverine World Wide in a research report on Thursday, November 6th. UBS Group lowered their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Wolverine World Wide in a research report on Monday, December 29th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $18.00 price objective (down from $29.00) on shares of Wolverine World Wide in a research report on Wednesday, November 5th. Finally, KeyCorp dropped their price objective on shares of Wolverine World Wide from $32.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th.

Wolverine World Wide Stock Up 0.1%

WWW stock opened at $18.81 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.34 and a quick ratio of 0.79. The firm has a market capitalization of $1.54 billion, a P/E ratio of 18.08 and a beta of 1.92. Wolverine World Wide has a 52-week low of $9.58 and a 52-week high of $32.80. The company’s 50 day simple moving average is $17.23 and its 200-day simple moving average is $22.88.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Wolverine World Wide had a net margin of 4.73% and a return on equity of 31.43%. The firm had revenue of $470.30 million for the quarter, compared to analysts’ expectations of $461.46 million. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2025 guidance at 1.290-1.340 EPS. As a group, equities research analysts anticipate that Wolverine World Wide will post 1.23 EPS for the current year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, January 2nd. Wolverine World Wide’s dividend payout ratio (DPR) is currently 38.46%.

Insider Transactions at Wolverine World Wide

In other news, Director Nicholas T. Long purchased 2,000 shares of Wolverine World Wide stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $15.88 per share, for a total transaction of $31,760.00. Following the acquisition, the director directly owned 78,268 shares in the company, valued at $1,242,895.84. This represents a 2.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Demonty Price purchased 25,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $15.77 per share, with a total value of $394,250.00. Following the purchase, the director owned 75,000 shares in the company, valued at $1,182,750. This represents a 50.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 33,250 shares of company stock worth $524,573 in the last ninety days. Company insiders own 2.28% of the company’s stock.

Institutional Trading of Wolverine World Wide

A number of institutional investors have recently added to or reduced their stakes in the business. Hara Capital LLC acquired a new position in shares of Wolverine World Wide during the 2nd quarter worth $30,000. Canada Pension Plan Investment Board acquired a new position in Wolverine World Wide during the second quarter worth $34,000. Covestor Ltd increased its position in 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 buying an additional 1,282 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in Wolverine World Wide by 1,605.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock worth $73,000 after buying an additional 2,505 shares during the last quarter. Finally, Hilltop National Bank bought a new position in Wolverine World Wide during the second quarter valued at about $85,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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.