Wolverine World Wide, Inc. (NYSE:WWW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $21.75.

WWW has been the subject of a number of analyst reports. Telsey Advisory Group decreased their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Weiss Ratings raised Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Zacks Research upgraded Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Needham & Company LLC assumed coverage on Wolverine World Wide in a research note on Thursday, March 26th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Robert W. Baird reduced their target price on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th.

Insiders Place Their Bets

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total value of $87,340.00. Following the completion of the transaction, the director owned 54,202 shares of the company’s stock, valued at approximately $860,727.76. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Wolverine World Wide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WWW. Clearstead Advisors LLC raised its stake in shares of Wolverine World Wide by 191.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after purchasing an additional 1,053 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Wolverine World Wide in the 2nd quarter valued at $34,000. Global Retirement Partners LLC boosted its stake in shares of Wolverine World Wide by 2,134.9% during the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after acquiring an additional 2,754 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Wolverine World Wide by 68.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,232 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Wolverine World Wide by 13,834.3% in the third quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock valued at $134,000 after buying an additional 4,842 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Up 2.1%

Wolverine World Wide stock traded up $0.37 during mid-day trading on Friday, reaching $17.73. 857,648 shares of the company were exchanged, compared to its average volume of 865,860. The business has a fifty day moving average of $16.76 and a 200 day moving average of $17.29. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. The firm has a market cap of $1.45 billion, a P/E ratio of 14.30 and a beta of 1.75. Wolverine World Wide has a 12-month low of $13.47 and a 12-month high of $32.80.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $448.44 million. During the same period last year, the business posted $0.18 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Research analysts anticipate that Wolverine World Wide will post 1.56 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 32.26%.

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.