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

Wolverine World Wide, Inc. (NYSE:WWW) has been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $22.50.

A number of research firms recently issued reports on WWW. Weiss Ratings reiterated a “hold (c-)” rating on shares of Wolverine World Wide in a research report on Monday, December 29th. KeyCorp raised their target price on shares of Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Telsey Advisory Group upped their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, February 27th. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Argus reissued a “hold” rating on shares of Wolverine World Wide in a report on Friday, January 23rd.

Wolverine World Wide Price Performance

NYSE:WWW traded down $0.39 during trading hours on Monday, hitting $16.02. The company’s stock had a trading volume of 114,141 shares, compared to its average volume of 1,578,790. Wolverine World Wide has a twelve month low of $9.58 and a twelve month high of $32.80. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a fifty day simple moving average of $18.13 and a 200-day simple moving average of $21.55. The company has a market capitalization of $1.30 billion, a P/E ratio of 14.18 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, topping 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 firm had revenue of $517.50 million during the quarter, compared to the consensus estimate of $510.49 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. On average, analysts anticipate that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.40 annualized dividend and a yield of 2.5%. Wolverine World Wide’s dividend payout ratio (DPR) is currently 35.40%.

Institutional Trading of Wolverine World Wide

Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd raised its holdings in Wolverine World Wide by 16,025.0% in 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 last quarter. Clearstead Advisors LLC grew its holdings in Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after acquiring an additional 1,053 shares during the last quarter. Hara Capital LLC acquired a new position in Wolverine World Wide in the 2nd quarter valued at approximately $30,000. Canada Pension Plan Investment Board acquired a new position in Wolverine World Wide in the 2nd quarter valued at approximately $34,000. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Wolverine World Wide by 1,605.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock valued at $73,000 after acquiring an additional 2,505 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors.

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.