Wolverine World Wide (NYSE:WWW) Shares Pass Above 200 Day Moving Average – Here’s Why

Wolverine World Wide, Inc. (NYSE:WWW) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.74 and traded as high as $19.68. Wolverine World Wide shares last traded at $19.0760, with a volume of 677,909 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Zacks Research cut Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Wolverine World Wide in a research report on Tuesday, September 8th. Needham & Company LLC boosted their price target on Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $30.00 price objective on shares of Wolverine World Wide in a research report on Friday, August 14th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.11.

Wolverine World Wide Stock Up 0.4%

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’s 50 day moving average is $19.45 and its two-hundred day moving average is $17.74. The company has a market capitalization of $1.59 billion, a PE ratio of 15.02, a PEG ratio of 1.30 and a beta of 1.72.

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

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, October 1st. Wolverine World Wide’s dividend payout ratio (DPR) is currently 31.01%.

Institutional Trading of Wolverine World Wide

A number of hedge funds have recently added to or reduced their stakes in WWW. BlackRock Inc. bought a new position in shares of Wolverine World Wide in the 2nd quarter worth $204,878,000. Callodine Capital Management LP lifted its position in Wolverine World Wide by 27.8% during the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock valued at $73,524,000 after acquiring an additional 980,839 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Wolverine World Wide in the second quarter worth $13,557,000. Manning & Napier Advisors LLC acquired a new stake in shares of Wolverine World Wide in the 2nd quarter worth $11,571,000. Finally, Jupiter Asset Management Ltd. boosted its holdings in Wolverine World Wide by 106.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,164,314 shares of the textile maker’s stock worth $21,132,000 after acquiring an additional 601,059 shares in the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

About Wolverine World Wide

Wolverine World Wide, Inc is a global designer, manufacturer, marketer and licensor of branded footwear, apparel and accessories. The company serves consumers through a portfolio of outdoor, athletic, lifestyle and work-oriented brands, with products sold through wholesale accounts, company-owned and third-party retail locations, and e-commerce channels.

Its principal brands include Merrell, which focuses on outdoor and trail footwear and apparel; Saucony, an athletic running and performance brand; Wolverine, known for work and lifestyle footwear; Chaco, which offers outdoor sandals and footwear; Sweaty Betty, a women’s activewear brand; and Bates, a provider of uniform and duty footwear.