Wolverine World Wide (NYSE:WWW) Director Brenda Lauderback Sells 5,500 Shares of Stock

Wolverine World Wide, Inc. (NYSE:WWW) Director Brenda Lauderback sold 5,500 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website.

Wolverine World Wide Stock Performance

Shares of WWW stock opened at $16.45 on Friday. The firm has a 50-day moving average of $16.61 and a 200-day moving average of $17.28. The company has a market cap of $1.35 billion, a P/E ratio of 13.26 and a beta of 1.75. 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, Inc. has a one year low of $13.47 and a one year high of $32.80.

Wolverine World Wide (NYSE:WWW) last announced 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 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 for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Equities research analysts forecast that Wolverine World Wide, Inc. will post 1.54 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be given 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 2.4%. Wolverine World Wide’s dividend payout ratio is presently 32.26%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WWW shares. Needham & Company LLC started coverage on shares of Wolverine World Wide in a research report on Thursday, March 26th. They set a “buy” rating and a $21.00 price target for the company. Zacks Research upgraded shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Argus restated a “hold” rating on shares of Wolverine World Wide in a research report on Friday, January 23rd. KeyCorp increased their price target on shares of Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.75.

Hedge Funds Weigh In On Wolverine World Wide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alua Capital Management LP purchased a new stake in Wolverine World Wide in the 3rd quarter worth approximately $33,231,000. WCM Investment Management LLC lifted its stake in Wolverine World Wide by 78.2% in the 3rd quarter. WCM Investment Management LLC now owns 1,008,395 shares of the textile maker’s stock worth $27,499,000 after purchasing an additional 442,649 shares in the last quarter. M&G PLC purchased a new stake in Wolverine World Wide in the third quarter valued at approximately $10,618,000. Portolan Capital Management LLC purchased a new stake in Wolverine World Wide in the third quarter valued at approximately $21,859,000. Finally, Jupiter Asset Management Ltd. raised its stake in Wolverine World Wide by 131.6% in the third quarter. Jupiter Asset Management Ltd. now owns 563,255 shares of the textile maker’s stock valued at $15,456,000 after purchasing an additional 320,043 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

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.