Wolverine World Wide (NYSE:WWW) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Wolverine World Wide (NYSE:WWW) from a buy rating to a hold rating in a research report released on Saturday.

Other analysts also recently issued reports about the company. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Zacks Research upgraded Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Robert W. Baird lowered their price target on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, Telsey Advisory Group dropped their price objective on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

Wolverine World Wide Stock Down 1.7%

Shares of Wolverine World Wide stock opened at $19.64 on Friday. The company has a 50-day simple moving average of $17.66 and a two-hundred day simple moving average of $17.38. The stock has a market capitalization of $1.61 billion, a PE ratio of 15.84 and a beta of 1.75. 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 posted its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $457.60 million for 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, analysts anticipate that Wolverine World Wide will post 1.56 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s payout ratio is 32.26%.

Insiders Place Their Bets

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the business’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 completion of the sale, the director directly owned 54,202 shares in the company, valued at approximately $860,727.76. The trade was a 9.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Wolverine World Wide

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Wolverine World Wide by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock valued at $163,146,000 after purchasing an additional 353,808 shares during the period. Jupiter Asset Management Ltd. lifted its stake in shares of Wolverine World Wide by 106.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,164,314 shares of the textile maker’s stock worth $21,132,000 after purchasing an additional 601,059 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of Wolverine World Wide in the fourth quarter worth approximately $4,667,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Wolverine World Wide in the fourth quarter worth approximately $21,687,000. Finally, Aristotle Capital Boston LLC grew its position in Wolverine World Wide by 32.3% during the fourth quarter. Aristotle Capital Boston LLC now owns 702,079 shares of the textile maker’s stock valued at $12,743,000 after buying an additional 171,509 shares during the period. Hedge funds and other institutional investors 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.