Wolverine World Wide (NYSE:WWW) Rating Lowered to “Hold” at Zacks Research

Wolverine World Wide (NYSE:WWW) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts have also weighed in on the company. Telsey Advisory Group lowered their price objective on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Robert W. Baird decreased their price target on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Wall Street Zen lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wolverine World Wide presently has an average rating of “Hold” and a consensus target price of $21.75.

Wolverine World Wide Price Performance

WWW stock opened at $19.50 on Tuesday. The stock’s 50 day moving average is $17.80 and its two-hundred day moving average is $17.39. Wolverine World Wide has a 52-week low of $13.47 and a 52-week high of $32.80. The company has a market capitalization of $1.60 billion, a PE ratio of 15.73 and a beta of 1.73. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.26.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $457.60 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Analysts predict that Wolverine World Wide will post 1.56 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brenda J. Lauderback sold 5,500 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the transaction, the director owned 54,202 shares of the company’s stock, valued at approximately $860,727.76. This represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

A number of institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in Wolverine World Wide by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock valued at $1,074,000 after buying an additional 782 shares during the period. Clearstead Advisors LLC raised its stake 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 buying an additional 1,053 shares during the period. LPL Financial LLC lifted its holdings in Wolverine World Wide by 8.0% during the fourth quarter. LPL Financial LLC now owns 16,346 shares of the textile maker’s stock worth $297,000 after acquiring an additional 1,217 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Wolverine World Wide by 68.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,232 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Wolverine World Wide by 16.3% during the second quarter. GAMMA Investing LLC now owns 9,505 shares of the textile maker’s stock worth $157,000 after purchasing an additional 1,333 shares during the period. 90.25% of the stock is owned by institutional investors and hedge funds.

Wolverine World Wide Company Profile

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.