Robert W. Baird Issues Positive Forecast for Wolverine World Wide (NYSE:WWW) Stock Price

Wolverine World Wide (NYSE:WWWFree Report) had its price objective hoisted by Robert W. Baird from $23.00 to $27.00 in a report issued on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the textile maker’s stock.

A number of other research analysts also recently weighed in on the stock. Stifel Nicolaus set a $25.00 price target on shares of Wolverine World Wide in a report on Thursday, November 6th. Zacks Research lowered Wolverine World Wide from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Argus restated a “hold” rating on shares of Wolverine World Wide in a report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Wolverine World Wide in a report on Monday, December 29th. Finally, BNP Paribas Exane lowered shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $38.00 to $19.00 in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.50.

View Our Latest Stock Analysis on WWW

Wolverine World Wide Stock Down 11.7%

WWW stock traded down $2.34 during midday trading on Friday, reaching $17.64. The company had a trading volume of 3,060,094 shares, compared to its average volume of 1,184,215. The company has a 50 day moving average of $18.18 and a two-hundred day moving average of $22.03. The company has a market capitalization of $1.45 billion, a P/E ratio of 15.61 and a beta of 1.91. Wolverine World Wide has a 1 year low of $9.58 and a 1 year high of $32.80. The company has a current ratio of 1.34, a quick ratio of 0.79 and a debt-to-equity ratio of 1.40.

Wolverine World Wide (NYSE:WWWGet Free Report) last posted its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $517.50 million for the quarter, compared to analysts’ expectations of $510.49 million. Wolverine World Wide had a net margin of 5.06% and a return on equity of 31.24%. Wolverine World Wide’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. On average, equities research analysts expect that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio is presently 38.46%.

Hedge Funds Weigh In On Wolverine World Wide

Several large investors have recently added to or reduced their stakes in WWW. Vanguard Group Inc. lifted its position in Wolverine World Wide by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after purchasing an additional 353,808 shares during the period. Callodine Capital Management LP lifted its position in shares of Wolverine World Wide by 41.0% during the 2nd quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock worth $77,700,000 after buying an additional 1,250,515 shares during the period. State Street Corp boosted its stake in Wolverine World Wide by 2.1% in the 4th quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock valued at $56,271,000 after buying an additional 63,041 shares in the last quarter. JPMorgan Chase & Co. grew its position in Wolverine World Wide by 3.0% in 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 bought 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.

Key Wolverine World Wide News

Here are the key news stories impacting Wolverine World Wide this week:

Wolverine World Wide Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Wolverine World Wide (NYSE:WWW)

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