Wolverine World Wide, Inc. (NYSE:WWW) Given Consensus Recommendation of “Hold” by Brokerages

Wolverine World Wide, Inc. (NYSE:WWW) has earned an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.50.

Several analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Wolverine World Wide in a report on Monday, December 29th. Robert W. Baird increased their price target on shares of Wolverine World Wide from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, February 27th. KeyCorp raised their price objective on shares of Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. BNP Paribas Exane cut Wolverine World Wide from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $19.00 in a report on Thursday, January 22nd. Finally, UBS Group decreased their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th.

Wolverine World Wide Stock Performance

WWW opened at $16.40 on Monday. Wolverine World Wide has a 12-month low of $9.58 and a 12-month high of $32.80. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 14.51 and a beta of 1.88. The business has a 50 day moving average of $18.13 and a 200-day moving average of $21.65. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 1.29.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Wolverine World Wide had a return on equity of 29.84% and a net margin of 5.06%.The business had revenue of $517.50 million for the quarter, compared to analyst estimates of $510.49 million. During the same period in the previous year, the firm earned $0.40 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. On average, equities research analysts expect that Wolverine World Wide will post 1.23 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio is currently 35.40%.

Institutional Investors Weigh In On Wolverine World Wide

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Wolverine World Wide by 295.7% during the 1st quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock worth $460,000 after buying an additional 24,701 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Wolverine World Wide by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock valued at $660,000 after acquiring an additional 2,321 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Wolverine World Wide by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock worth $20,929,000 after acquiring an additional 537,854 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Wolverine World Wide by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock worth $3,167,000 after acquiring an additional 26,870 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Wolverine World Wide by 5.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,300 shares of the textile maker’s stock valued at $222,000 after purchasing an additional 595 shares in the last quarter. 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.