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

Wolverine World Wide, Inc. (NYSE:WWW) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $23.11.

WWW has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Wolverine World Wide in a research note on Tuesday, September 8th. Needham & Company LLC upped their target price on shares of Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Zacks Research raised shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Seaport Research Partners reissued a “buy” rating and issued a $30.00 price target on shares of Wolverine World Wide in a report on Friday, August 14th. Finally, Robert W. Baird raised their price target on shares of Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th.

Institutional Investors Weigh In On Wolverine World Wide

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Wolverine World Wide by 35.7% during the third quarter. GAMMA Investing LLC now owns 12,902 shares of the textile maker’s stock worth $247,000 after buying an additional 3,397 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Wolverine World Wide by 1,959.4% in the 2nd quarter. NewEdge Advisors LLC now owns 20,594 shares of the textile maker’s stock valued at $340,000 after acquiring an additional 19,594 shares in the last quarter. Corient Private Wealth LP raised its holdings in Wolverine World Wide by 333.9% in the 2nd quarter. Corient Private Wealth LP now owns 47,399 shares of the textile maker’s stock valued at $784,000 after acquiring an additional 36,476 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Wolverine World Wide in the 2nd quarter valued at approximately $422,000. Finally, Wellington Management Group LLP lifted its position in shares of Wolverine World Wide by 3.4% in the 2nd quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker’s stock worth $74,852,000 after acquiring an additional 146,791 shares during the period. 90.25% of the stock is owned by institutional investors and hedge funds.

Wolverine World Wide Stock Performance

WWW opened at $19.38 on Tuesday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.69. The stock’s 50 day moving average price is $19.59 and its two-hundred day moving average price is $18.17. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17. Wolverine World Wide has a 12-month low of $13.47 and a 12-month high of $27.73.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $500.74 million. During the same period in the previous year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. On average, equities analysts forecast that Wolverine World Wide will post 1.64 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.1%. Wolverine World Wide’s dividend payout ratio is currently 31.01%.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global footwear and apparel company headquartered in Rockford, Michigan. Founded in 1883, the company designs, manufactures, sources, markets and licenses footwear, clothing and accessories for consumers and workers around the world.

Its brand portfolio includes Merrell, known for outdoor and hiking footwear; Saucony, which focuses on running and athletic shoes; Wolverine, a work and lifestyle brand; Hush Puppies; Chaco; Bates; and other licensed or owned footwear brands.