Wolverine World Wide, Inc. (NYSE:WWW) Stock Has Average Target Price of $23.11

Wolverine World Wide, Inc. (NYSE:WWW) has been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.11.

A number of research analysts recently commented on the company. UBS Group raised their price target on Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Zacks Research downgraded shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Telsey Advisory Group reissued a “market perform” rating and issued a $21.00 target price on shares of Wolverine World Wide in a report on Friday, August 14th. Williams Trading set a $20.00 target price on shares of Wolverine World Wide in a research report on Wednesday, August 19th. Finally, Needham & Company LLC upped their price target on shares of Wolverine World Wide from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 13th.

Institutional Investors Weigh In On Wolverine World Wide

Large investors have recently modified their holdings of the business. Clearstead Advisors LLC raised its holdings in shares of Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after buying an additional 1,053 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Wolverine World Wide in the second quarter valued at about $33,000. Global Retirement Partners LLC acquired a new position in Wolverine World Wide during the second quarter worth about $34,000. Caitlin John LLC bought a new position in shares of Wolverine World Wide in the second quarter worth about $56,000. Finally, State of Wyoming acquired a new stake in shares of Wolverine World Wide in the 2nd quarter valued at approximately $68,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Stock Up 0.9%

NYSE WWW opened at $19.29 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.35 and a beta of 1.72. The company has a 50 day moving average of $19.62 and a 200-day moving average of $17.82. Wolverine World Wide has a 1-year low of $13.47 and a 1-year high of $28.68.

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

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, October 1st. Wolverine World Wide’s payout ratio is currently 31.01%.

Wolverine World Wide Company Profile

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.