Wolverine World Wide, Inc. (NYSE:WWW) Receives $21.75 Average Target Price from Analysts

Wolverine World Wide, Inc. (NYSE:WWW) has received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.75.

Several research analysts have recently commented on the company. Zacks Research upgraded Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Robert W. Baird lowered their target price on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Telsey Advisory Group dropped their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Finally, Weiss Ratings upgraded shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th.

Wolverine World Wide Stock Performance

Shares of Wolverine World Wide stock opened at $17.30 on Friday. The firm has a market cap of $1.42 billion, a PE ratio of 13.95 and a beta of 1.75. The firm’s 50-day simple moving average is $16.75 and its 200-day simple moving average is $17.29. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. Wolverine World Wide has a 1 year low of $13.47 and a 1 year high of $32.80.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The business had revenue of $457.60 million during the quarter, compared to the consensus estimate of $448.44 million. During the same period last year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Equities analysts forecast that Wolverine World Wide will post 1.56 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.3%. Wolverine World Wide’s dividend payout ratio is 32.26%.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $15.88, for a total value of $87,340.00. Following the transaction, the director owned 54,202 shares of the company’s stock, valued at $860,727.76. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Wolverine World Wide

A number of institutional investors and hedge funds have recently made changes to their positions in WWW. Thrivent Financial for Lutherans boosted its position in Wolverine World Wide by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock valued at $1,074,000 after purchasing an additional 782 shares during the period. Clearstead Advisors LLC increased its position in Wolverine World Wide by 191.8% in the fourth 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 stake in Wolverine World Wide by 8.0% in the fourth quarter. LPL Financial LLC now owns 16,346 shares of the textile maker’s stock valued at $297,000 after buying an additional 1,217 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in 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 valued at $55,000 after buying an additional 1,232 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 valued at $157,000 after acquiring an additional 1,333 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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.