Wolverine World Wide (NYSE:WWW) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Wolverine World Wide (NYSE:WWW) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other research analysts have also issued reports on the company. Telsey Advisory Group decreased their target price on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Weiss Ratings upgraded shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Robert W. Baird reduced their price objective on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Finally, Zacks Research raised shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.75.

Wolverine World Wide Stock Performance

NYSE WWW opened at $19.77 on Friday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.94 and a beta of 1.73. Wolverine World Wide has a twelve month low of $13.47 and a twelve 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 stock has a 50-day moving average of $17.72 and a 200 day moving average of $17.38.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $457.60 million for the quarter, compared to the consensus estimate of $448.44 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. Wolverine World Wide’s revenue for the quarter 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. Sell-side analysts anticipate that Wolverine World Wide will post 1.56 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is 32.26%.

Insider Buying and Selling at Wolverine World Wide

In other news, Director Brenda J. Lauderback sold 5,500 shares of Wolverine World Wide stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value 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 at this link. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WWW. Vanguard Group Inc. boosted its stake in Wolverine World Wide by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after purchasing an additional 353,808 shares during the last quarter. Callodine Capital Management LP raised its position in shares of Wolverine World Wide by 27.8% in 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 buying an additional 980,839 shares during the last quarter. State Street Corp lifted its stake in shares of Wolverine World Wide by 2.1% in the fourth quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after buying an additional 63,041 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Wolverine World Wide by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock worth $36,419,000 after buying an additional 59,304 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Wolverine World Wide by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,889,235 shares of the textile maker’s stock worth $34,296,000 after acquiring an additional 10,423 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Company Profile

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.