Wolverine World Wide (NYSE:WWW) Upgraded at Zacks Research

Zacks Research upgraded shares of Wolverine World Wide (NYSE:WWW) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks reports.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Wolverine World Wide in a research report on Tuesday, September 8th. Robert W. Baird upped their target price on shares of Wolverine World Wide from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Williams Trading set a $20.00 price target on shares of Wolverine World Wide in a report on Wednesday, August 19th. UBS Group lifted their price target on Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.11.

Wolverine World Wide Price Performance

NYSE WWW opened at $18.82 on Monday. The company’s 50 day moving average is $19.60 and its two-hundred day moving average is $18.00. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.31 and a beta of 1.69. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $27.73.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $506.40 million for the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, research analysts anticipate that Wolverine World Wide will post 1.64 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, October 1st. Wolverine World Wide’s dividend payout ratio (DPR) is 31.01%.

Hedge Funds Weigh In On Wolverine World Wide

Several hedge funds have recently added to or reduced their stakes in WWW. GAMMA Investing LLC raised its position in shares of Wolverine World Wide by 16.3% in the second quarter. GAMMA Investing LLC now owns 9,505 shares of the textile maker’s stock worth $157,000 after acquiring an additional 1,333 shares during the period. Swiss National Bank grew its position in shares of Wolverine World Wide by 1.1% during the 1st quarter. Swiss National Bank now owns 162,100 shares of the textile maker’s stock valued at $2,645,000 after acquiring an additional 1,800 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Wolverine World Wide in the 2nd quarter valued at about $33,000. Global Retirement Partners LLC purchased a new position in Wolverine World Wide during the second quarter worth approximately $34,000. Finally, Pictet Asset Management Holding SA grew its holdings in Wolverine World Wide by 23.1% in the first quarter. Pictet Asset Management Holding SA now owns 14,609 shares of the textile maker’s stock valued at $238,000 after purchasing an additional 2,746 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global footwear and apparel company headquartered in Rockford, Michigan. Founded in 1883, the company designs, manufactures, sources, markets and licenses footwear, clothing and accessories for consumers and workers around the world.

Its brand portfolio includes Merrell, known for outdoor and hiking footwear; Saucony, which focuses on running and athletic shoes; Wolverine, a work and lifestyle brand; Hush Puppies; Chaco; Bates; and other licensed or owned footwear brands.