What is Seaport Res Ptn’s Forecast for WWW FY2027 Earnings?

Wolverine World Wide, Inc. (NYSE:WWW) – Stock analysts at Seaport Res Ptn issued their FY2027 earnings estimates for shares of Wolverine World Wide in a report released on Monday, February 10th. Seaport Res Ptn analyst M. Kummetz forecasts that the textile maker will post earnings of $2.12 per share for the year. The consensus estimate for Wolverine World Wide’s current full-year earnings is $0.90 per share.

Several other research analysts also recently commented on the company. StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a report on Wednesday. Finally, Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price objective for the company from $21.00 to $29.00 in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.38.

Wolverine World Wide Trading Down 1.4 %

Wolverine World Wide stock opened at $20.50 on Wednesday. The stock has a 50-day simple moving average of $22.73 and a 200 day simple moving average of $18.63. The stock has a market capitalization of $1.64 billion, a P/E ratio of -23.03 and a beta of 1.88. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. Wolverine World Wide has a 52 week low of $8.25 and a 52 week high of $24.64.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is currently -44.94%.

Insider Activity at Wolverine World Wide

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of Wolverine World Wide stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.57, for a total value of $181,182.59. Following the completion of the transaction, the insider now directly owns 34,206 shares of the company’s stock, valued at $806,235.42. The trade was a 18.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Wolverine World Wide

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in Wolverine World Wide by 12.5% during the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after purchasing an additional 563 shares during the period. HighTower Advisors LLC raised its position in shares of Wolverine World Wide by 5.2% in the 4th quarter. HighTower Advisors LLC now owns 11,526 shares of the textile maker’s stock valued at $256,000 after buying an additional 574 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Wolverine World Wide by 88.8% during the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock worth $32,000 after acquiring an additional 682 shares during the period. Natixis Advisors LLC boosted its position in shares of Wolverine World Wide by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker’s stock worth $635,000 after acquiring an additional 1,035 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Wolverine World Wide in the fourth quarter valued at approximately $25,000. 90.25% of the stock is owned by institutional investors and hedge funds.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.