Wolverine World Wide (NYSE:WWW) Shares Break Above Two Hundred Day Moving Average – Should You Sell?

Wolverine World Wide, Inc. (NYSE:WWW)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $18.20 and traded as high as $20.17. Wolverine World Wide shares last traded at $20.15, with a volume of 733,546 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WWW shares. Needham & Company LLC raised their price objective on Wolverine World Wide from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. KeyCorp reaffirmed an “overweight” rating and set a $25.00 target price on shares of Wolverine World Wide in a report on Thursday, August 13th. Williams Trading set a $20.00 target price on Wolverine World Wide in a research report on Wednesday, August 19th. Seaport Research Partners reiterated 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 increased their price target on shares of Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.11.

Wolverine World Wide Stock Performance

The firm has a 50-day moving average of $19.69 and a two-hundred day moving average of $18.26. 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 has a market capitalization of $1.70 billion, a PE ratio of 13.77, a PEG ratio of 1.37 and a beta of 1.69.

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

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be issued 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 yield of 1.9%. Wolverine World Wide’s dividend payout ratio is 31.01%.

Institutional Trading of Wolverine World Wide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Wolverine World Wide in the second quarter worth about $204,878,000. Callodine Capital Management LP boosted its stake in shares of Wolverine World Wide by 27.8% during the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after acquiring an additional 980,839 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Wolverine World Wide during the 2nd quarter valued at about $13,557,000. Manning & Napier Advisors LLC acquired a new stake in shares of Wolverine World Wide during the 2nd quarter valued at about $11,571,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Wolverine World Wide during the 1st quarter valued at about $7,275,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company’s portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.