Analysts Set Wolverine World Wide, Inc. (NYSE:WWW) Target Price at $21.75

Wolverine World Wide, Inc. (NYSE:WWW) has been given a consensus rating of “Hold” by the eleven research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and five 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 $21.75.

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research raised shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Needham & Company LLC assumed coverage on shares of Wolverine World Wide in a report on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective for the company. BNP Paribas Exane downgraded shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $38.00 to $19.00 in a report on Thursday, January 22nd. Finally, KeyCorp lifted their price objective on shares of Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 27th.

Hedge Funds Weigh In On Wolverine World Wide

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

Wolverine World Wide Stock Performance

Wolverine World Wide stock opened at $15.36 on Friday. The company has a market cap of $1.26 billion, a PE ratio of 12.38 and a beta of 1.75. The company has a fifty day moving average price of $16.67 and a two-hundred day moving average price of $17.45. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $32.80.

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

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend 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.