Wolverine World Wide, Inc. (NYSE:WWW) Stock Has Average Target Price of $23.11

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $23.11.

Several equities research analysts have recently weighed in on the stock. KeyCorp reiterated an “overweight” rating and set a $25.00 target price on shares of Wolverine World Wide in a research note on Thursday, August 13th. Stifel Nicolaus boosted their price target on Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. UBS Group increased their price objective on shares of Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Zacks Research cut Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Friday, October 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $21.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 14th.

Hedge Funds Weigh In On Wolverine World Wide

A number of institutional investors have recently added to or reduced their stakes in WWW. Eurizon Capital SGR S.p.A. acquired a new stake in Wolverine World Wide during the third quarter worth about $25,000. Public Employees Retirement System of Ohio bought a new position in shares of Wolverine World Wide in the second quarter valued at approximately $33,000. Global Retirement Partners LLC acquired a new position in shares of Wolverine World Wide during the 2nd quarter valued at $34,000. Sterling Capital Management LLC grew its holdings in Wolverine World Wide by 345.4% during the third quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker’s stock worth $49,000 after acquiring an additional 1,969 shares during the period. Finally, Caitlin John LLC bought a new stake in shares of Wolverine World Wide in the 2nd quarter worth approximately $56,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Stock Performance

NYSE WWW opened at $21.97 on Friday. The stock has a fifty day simple moving average of $19.84 and a 200-day simple moving average of $18.19. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.80 billion, a PE ratio of 17.03, a P/E/G ratio of 1.60 and a beta of 1.67. Wolverine World Wide has a twelve month low of $14.00 and a twelve month high of $23.84.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The company had revenue of $506.40 million for the quarter, compared to analysts’ expectations of $500.74 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Equities analysts anticipate that Wolverine World Wide will post 1.64 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, January 4th. Wolverine World Wide’s payout ratio is currently 31.01%.

About Wolverine World Wide

Wolverine World Wide, Inc is a footwear and apparel company that designs, markets and distributes products through a portfolio of consumer and workwear brands. Its brands include Merrell, Saucony, Sweaty Betty, Wolverine, Chaco and Bates, with offerings that span outdoor, athletic, casual and occupational footwear, as well as apparel and accessories.

Founded in 1883 in Rockford, Michigan, the company has expanded from its early roots in leather and footwear manufacturing into an international brand business.