Wolverine World Wide (NYSE:WWW) Research Coverage Started at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Wolverine World Wide (NYSE:WWW) in a report published on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $21.00 target price on the textile maker’s stock.

Other equities research analysts have also recently issued research reports about the stock. BNP Paribas Exane cut shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $38.00 to $19.00 in a research note on Thursday, January 22nd. Robert W. Baird increased their target price on shares of Wolverine World Wide from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Wolverine World Wide in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, UBS Group dropped their price objective on shares of Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Wolverine World Wide has a consensus rating of “Hold” and an average price target of $22.33.

Wolverine World Wide Price Performance

NYSE:WWW opened at $15.78 on Thursday. The stock has a 50 day moving average of $17.49 and a two-hundred day moving average of $20.04. Wolverine World Wide has a 12 month low of $9.58 and a 12 month high of $32.80. The firm has a market cap of $1.29 billion, a P/E ratio of 13.97 and a beta of 1.88. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 1.29.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $510.49 million. During the same quarter last year, the business posted $0.40 earnings per share. The business’s quarterly 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, analysts expect that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.5%. Wolverine World Wide’s payout ratio is presently 35.40%.

Institutional Investors Weigh In On Wolverine World Wide

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC boosted its holdings 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 valued at $29,000 after purchasing an additional 1,053 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of Wolverine World Wide during the 2nd quarter worth approximately $30,000. Canada Pension Plan Investment Board purchased a new stake in shares of Wolverine World Wide during the 2nd quarter valued at approximately $34,000. Covestor Ltd raised its position in shares of Wolverine World Wide by 16,025.0% during the 3rd quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after buying an additional 1,282 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in 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 valued at $52,000 after acquiring an additional 2,754 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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.