Wolverine World Wide, Inc. (WWW) – What Are Analysts Thinking About This Stock?

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $23.11.

WWW has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $21.00 price objective on shares of Wolverine World Wide in a report on Friday, August 14th. KeyCorp reiterated an “overweight” rating and set a $25.00 price objective on shares of Wolverine World Wide in a report on Thursday, August 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Wolverine World Wide in a research report on Tuesday, September 8th. Finally, Stifel Nicolaus upped their target price on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 14th.

Wolverine World Wide Price Performance

Shares of WWW stock opened at $19.79 on Tuesday. The stock has a 50 day moving average price of $19.58 and a 200 day moving average price of $18.13. Wolverine World Wide has a 52-week low of $13.47 and a 52-week high of $27.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. The firm has a market capitalization of $1.62 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.34 and a beta of 1.69.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The company had revenue of $506.40 million for the quarter, compared to the consensus estimate of $500.74 million. During the same quarter in the prior year, the company posted $0.32 EPS. 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. As a group, sell-side analysts predict that Wolverine World Wide 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. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 1st. Wolverine World Wide’s payout ratio is currently 31.01%.

Institutional Trading of Wolverine World Wide

A number of large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Wolverine World Wide during the 2nd quarter worth $204,878,000. Wellington Management Group LLP lifted its holdings in shares of Wolverine World Wide by 3.4% in the 2nd quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker’s stock worth $74,852,000 after buying an additional 146,791 shares during the period. Callodine Capital Management LP lifted its holdings in shares of Wolverine World Wide by 27.8% in the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after buying an additional 980,839 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Wolverine World Wide by 21.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,797,577 shares of the textile maker’s stock worth $29,333,000 after buying an additional 313,883 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Wolverine World Wide during the 2nd quarter worth $13,557,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

About Wolverine World Wide

Wolverine World Wide, Inc is a global footwear and apparel company headquartered in Rockford, Michigan. Founded in 1883, the company designs, manufactures, sources, markets and licenses footwear, clothing and accessories for consumers and workers around the world.

Its brand portfolio includes Merrell, known for outdoor and hiking footwear; Saucony, which focuses on running and athletic shoes; Wolverine, a work and lifestyle brand; Hush Puppies; Chaco; Bates; and other licensed or owned footwear brands.