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

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $21.75.

A number of brokerages have weighed in on WWW. Telsey Advisory Group lowered their price target on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. BNP Paribas Exane downgraded Wolverine World Wide from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $19.00 in a research report on Thursday, January 22nd. Zacks Research raised Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, KeyCorp boosted their price target on Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th.

Institutional Investors Weigh In On Wolverine World Wide

A number of institutional investors have recently made changes to their positions in the company. Edgestream Partners L.P. bought a new stake in shares of Wolverine World Wide during the first quarter worth approximately $935,000. Janus Henderson Group PLC boosted its holdings in shares of Wolverine World Wide by 197.9% during the first quarter. Janus Henderson Group PLC now owns 103,781 shares of the textile maker’s stock worth $1,694,000 after acquiring an additional 68,944 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Wolverine World Wide by 34.7% during the first quarter. California State Teachers Retirement System now owns 104,730 shares of the textile maker’s stock worth $1,709,000 after acquiring an additional 26,993 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Wolverine World Wide by 6.1% during the first quarter. Quantinno Capital Management LP now owns 68,137 shares of the textile maker’s stock worth $1,112,000 after acquiring an additional 3,894 shares during the period. Finally, Callodine Capital Management LP boosted its holdings in shares of Wolverine World Wide by 27.8% during the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after acquiring an additional 980,839 shares during the period. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

NYSE:WWW opened at $15.28 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. The stock’s 50-day simple moving average is $16.61 and its 200 day simple moving average is $17.34. The company has a market cap of $1.25 billion, a P/E ratio of 12.32 and a beta of 1.75. Wolverine World Wide has a 52-week low of $13.47 and a 52-week high of $32.80.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $457.60 million for the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, sell-side analysts forecast that Wolverine World Wide will post 1.55 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, July 1st. Wolverine World Wide’s payout ratio is currently 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.