Brokerages Set Wolverine World Wide, Inc. (NYSE:WWW) PT at $21.75

Wolverine World Wide, Inc. (NYSE:WWW) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.75.

Several analysts have recently commented on WWW shares. Wall Street Zen lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Zacks Research raised Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Robert W. Baird reduced their target price on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Telsey Advisory Group decreased their price target on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th.

Wolverine World Wide Trading Up 0.4%

Shares of WWW opened at $19.77 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. Wolverine World Wide has a 12-month low of $13.47 and a 12-month high of $32.80. The firm has a 50-day moving average price of $17.72 and a 200 day moving average price of $17.38. The firm has a market capitalization of $1.62 billion, a P/E ratio of 15.94 and a beta of 1.75.

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

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 32.26%.

Insider Transactions at Wolverine World Wide

In related news, Director Brenda J. Lauderback sold 5,500 shares of the business’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 sale, the director directly owned 54,202 shares in the company, valued at approximately $860,727.76. The trade was a 9.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WWW. Vanguard Group Inc. boosted its position in shares of Wolverine World Wide by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after buying an additional 353,808 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Wolverine World Wide by 106.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,164,314 shares of the textile maker’s stock valued at $21,132,000 after buying an additional 601,059 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Wolverine World Wide in the 4th quarter valued at $4,667,000. Massachusetts Financial Services Co. MA acquired a new position in Wolverine World Wide during the 4th quarter worth about $21,687,000. Finally, Aristotle Capital Boston LLC lifted its stake in Wolverine World Wide by 32.3% during the 4th quarter. Aristotle Capital Boston LLC now owns 702,079 shares of the textile maker’s stock worth $12,743,000 after acquiring an additional 171,509 shares in the last quarter. Hedge funds and other 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.