Wolverine World Wide (NYSE:WWW) Stock Price Down 6.6% – What’s Next?

Wolverine World Wide, Inc. (NYSE:WWW) shares traded down 6.6% during trading on Monday . The stock traded as low as $19.62 and last traded at $19.6350. 117,284 shares were traded during trading, a decline of 90% from the average session volume of 1,169,691 shares. The stock had previously closed at $21.03.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen cut Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Stifel Nicolaus boosted their target price on Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research downgraded shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Telsey Advisory Group reissued a “market perform” rating and issued a $21.00 target price on shares of Wolverine World Wide in a research report on Friday. Finally, KeyCorp reissued an “overweight” rating and set a $25.00 target price on shares of Wolverine World Wide in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Wolverine World Wide currently has an average rating of “Hold” and an average price target of $23.50.

Wolverine World Wide Price Performance

The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.26 and a beta of 1.73. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17. The company’s 50-day simple moving average is $18.13 and its 200 day simple moving average is $17.41.

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

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders 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 currently 31.01%.

Insider Activity

In related news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the sale, the director directly owned 54,202 shares in the company, 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 hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wolverine World Wide

Several hedge funds have recently added to or reduced their stakes in WWW. Clearstead Advisors LLC lifted its position in shares of Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 1,053 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Wolverine World Wide during the second quarter worth about $34,000. Canada Pension Plan Investment Board purchased a new stake in shares of Wolverine World Wide in the second quarter valued at about $34,000. Quadrant Capital Group LLC lifted its holdings in Wolverine World Wide by 68.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,232 shares during the period. Finally, State of Wyoming purchased a new position in Wolverine World Wide in the second quarter valued at about $68,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Company Profile

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.