Wolverine World Wide (NYSE:WWW) Cut to “Hold” at Zacks Research

Wolverine World Wide (NYSE:WWW) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Wall Street Zen lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Telsey Advisory Group lowered their price objective on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Finally, Robert W. Baird reduced their target price on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.75.

Wolverine World Wide Trading Up 0.8%

NYSE:WWW opened at $19.50 on Tuesday. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $32.80. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average price of $17.80 and a 200-day moving average price of $17.39. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 15.73 and a beta of 1.73.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The business had revenue of $457.60 million for the quarter, compared to analysts’ expectations of $448.44 million. During the same period in the previous year, the firm posted $0.18 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Equities analysts predict that Wolverine World Wide will post 1.56 EPS for the current year.

Insider Buying and Selling

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the sale, the director directly owned 54,202 shares of the company’s stock, valued at $860,727.76. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Wolverine World Wide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC boosted its holdings in Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 1,053 shares during the period. Canada Pension Plan Investment Board purchased a new position in Wolverine World Wide during the 2nd quarter valued at about $34,000. Global Retirement Partners LLC raised its stake in Wolverine World Wide by 2,134.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after buying an additional 2,754 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Wolverine World Wide by 68.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after purchasing an additional 1,232 shares during the last quarter. Finally, Archer Investment Corp purchased a new position in Wolverine World Wide in the first quarter valued at about $95,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

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.