Wolverine World Wide, Inc. (NYSE:WWW) Receives $21.75 Average Price Target from Analysts

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.75.

WWW has been the subject of a number of recent analyst reports. Needham & Company LLC initiated coverage on shares of Wolverine World Wide in a research report on Thursday, March 26th. They set a “buy” rating and a $21.00 target price for the company. KeyCorp increased their target price on shares of Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wolverine World Wide in a research report on Friday, May 29th. Finally, Zacks Research upgraded shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th.

Wolverine World Wide Price Performance

NYSE:WWW opened at $18.06 on Wednesday. The company has a 50-day moving average of $16.84 and a 200-day moving average of $17.35. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 14.56 and a beta of 1.73. Wolverine World Wide has a 52 week low of $13.47 and a 52 week high of $32.80. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business 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%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, equities research analysts anticipate that Wolverine World Wide will post 1.54 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.2%. Wolverine World Wide’s dividend payout ratio (DPR) is 32.26%.

Insider Activity

In related news, Director Brenda J. Lauderback sold 5,500 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the sale, the director owned 54,202 shares in the company, valued at $860,727.76. This trade represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wolverine World Wide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Investment Consultants LLC acquired a new stake in Wolverine World Wide in the 1st quarter valued at about $182,000. Edgestream Partners L.P. acquired a new stake in Wolverine World Wide in the 1st quarter valued at about $935,000. Janus Henderson Group PLC increased its position in Wolverine World Wide by 197.9% in the 1st quarter. Janus Henderson Group PLC now owns 103,781 shares of the textile maker’s stock valued at $1,694,000 after acquiring an additional 68,944 shares in the last quarter. California State Teachers Retirement System increased its position in Wolverine World Wide by 34.7% in the 1st quarter. California State Teachers Retirement System now owns 104,730 shares of the textile maker’s stock valued at $1,709,000 after acquiring an additional 26,993 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in Wolverine World Wide by 6.1% in the 1st quarter. Quantinno Capital Management LP now owns 68,137 shares of the textile maker’s stock valued at $1,112,000 after acquiring an additional 3,894 shares in the last quarter. Institutional investors and hedge funds 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.