Wolverine World Wide (NYSE:WWW) Reaches New 52-Week High Following Earnings Beat

Wolverine World Wide, Inc. (NYSE:WWW)’s share price reached a new 52-week high during mid-day trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $23.91 and last traded at $24.09, with a volume of 169,052 shares. The stock had previously closed at $22.87.

The textile maker reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.33. The business had revenue of $505.40 million for the quarter, compared to analysts’ expectations of $500.08 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.950-1.990 EPS.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Monday, January 4th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, January 4th. This represents a $0.40 annualized dividend and a yield of 1.7%. Wolverine World Wide’s payout ratio is presently 31.01%.

Recent Wolverine World Wide Headlines

Investors following WWW have been watching these headlines:

• Positive Sentiment: Wolverine reported Q3 adjusted earnings of $0.79 per share, well above the $0.46 analyst consensus, while revenue rose 7.5% year over year to $505.4 million and topped estimates. Growth at Saucony and Merrell helped drive results. Wolverine World Wide tops Q3 earnings and revenue estimates
• Positive Sentiment: KeyCorp, Stifel Nicolaus and Robert W. Baird each raised their price targets, to $27, $28 and $27, respectively, while maintaining favorable ratings. Needham also raised its target to $26 and kept a Buy rating. Stifel Nicolaus raises Wolverine price target
• Neutral Sentiment: Tariff refunds boosted quarterly profits, while the company continues to face tariff pressures. The refunds supported results, but may not be a recurring earnings benefit. Q3 sales beat estimates; profits boosted by tariff refunds

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WWW. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price target on shares of Wolverine World Wide in a research report on Friday, August 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Wolverine World Wide in a research note on Tuesday, September 8th. UBS Group raised their price target on Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Finally, Williams Trading set a $20.00 target price on Wolverine World Wide in a report on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Hold” and a consensus target price of $23.89.

Institutional Trading of Wolverine World Wide

Institutional investors and hedge funds have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Wolverine World Wide during the 3rd quarter valued at $25,000. Public Employees Retirement System of Ohio purchased a new position in Wolverine World Wide during the 2nd quarter worth $33,000. Global Retirement Partners LLC bought a new stake in Wolverine World Wide during the second quarter worth $34,000. Sterling Capital Management LLC lifted its stake in Wolverine World Wide by 345.4% in the third quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 1,969 shares during the last quarter. Finally, Caitlin John LLC purchased a new position in shares of Wolverine World Wide in the second quarter worth about $56,000. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

The business’s 50-day moving average price is $20.00 and its 200 day moving average price is $18.25. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.98 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.67.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc. is a footwear and apparel company that designs, markets and distributes products through a portfolio of consumer and workwear brands. Its brands include Merrell, Saucony, Sweaty Betty, Wolverine, Chaco and Bates, with offerings that span outdoor, athletic, casual and occupational footwear, as well as apparel and accessories. Founded in 1883 in Rockford, Michigan, the company has expanded from its early roots in leather and footwear manufacturing into an international brand business.