Wolverine World Wide, Inc. (NYSE:WWW) Receives $21.75 Average Price Target from Brokerages

Wolverine World Wide, Inc. (NYSE:WWW) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $21.75.

A number of equities research analysts have commented on the stock. 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. Robert W. Baird lowered their price target on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Telsey Advisory Group cut their price objective on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Needham & Company LLC began coverage on Wolverine World Wide in a report on Thursday, March 26th. They issued a “buy” rating and a $21.00 target price on the stock.

Insider Activity at Wolverine World Wide

In other news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the sale, the director directly owned 54,202 shares in the company, valued at $860,727.76. This trade represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wolverine World Wide

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Wolverine World Wide by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after acquiring an additional 353,808 shares in the last quarter. Callodine Capital Management LP grew its holdings in shares of Wolverine World Wide by 27.8% in the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock valued at $73,524,000 after purchasing an additional 980,839 shares in the last quarter. State Street Corp grew its holdings in shares of Wolverine World Wide by 2.1% in the fourth quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock valued at $56,271,000 after purchasing an additional 63,041 shares in the last quarter. JPMorgan Chase & Co. increased its position in Wolverine World Wide by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock worth $36,419,000 after purchasing an additional 59,304 shares during the last quarter. Finally, Oxbow Capital Management HK Ltd bought a new stake in Wolverine World Wide in the third quarter worth $54,431,000. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Trading Up 1.2%

NYSE:WWW opened at $17.20 on Friday. Wolverine World Wide has a one year low of $13.47 and a one year high of $32.80. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89. The company’s 50-day simple moving average is $16.76 and its 200 day simple moving average is $17.31. The firm has a market capitalization of $1.41 billion, a P/E ratio of 13.87 and a beta of 1.75.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $457.60 million during the quarter, compared to analyst estimates of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.Wolverine World Wide’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, analysts forecast that Wolverine World Wide will post 1.56 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio is 32.26%.

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.