Wolverine World Wide (NYSE:WWW) Stock Breaks Below 50 Day Moving Average – What’s Next?

Shares of Wolverine World Wide, Inc. (NYSE:WWW) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $19.66 and traded as low as $19.32. Wolverine World Wide shares last traded at $19.5390, with a volume of 910,871 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wolverine World Wide in a research report on Tuesday, September 8th. KeyCorp reiterated an “overweight” rating and issued a $25.00 price target on shares of Wolverine World Wide in a research report on Thursday, August 13th. Zacks Research raised Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Stifel Nicolaus raised their price objective on Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Seaport Research Partners restated a “buy” rating and set a $30.00 price objective on shares of Wolverine World Wide in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wolverine World Wide presently has an average rating of “Moderate Buy” and an average price target of $23.11.

Wolverine World Wide Stock Performance

The stock’s 50 day moving average price is $19.66 and its 200 day moving average price is $18.08. 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 company has a market capitalization of $1.60 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.38 and a beta of 1.69.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $500.74 million. During the same period in the prior year, the company posted $0.32 earnings per share. Wolverine World Wide’s revenue for the quarter was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, equities analysts expect that Wolverine World Wide, Inc. will post 1.64 EPS for the current year.

Wolverine World Wide Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. Wolverine World Wide’s dividend payout ratio is 31.01%.

Institutional Trading of Wolverine World Wide

A number of large investors have recently bought and sold shares of WWW. BlackRock Inc. acquired a new position in Wolverine World Wide during the second quarter worth $204,878,000. Wellington Management Group LLP lifted its stake in shares of Wolverine World Wide by 3.4% in the second quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker’s stock valued at $74,852,000 after buying an additional 146,791 shares in the last quarter. Callodine Capital Management LP lifted its stake 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Wolverine World Wide by 21.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,797,577 shares of the textile maker’s stock valued at $29,333,000 after buying an additional 313,883 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Wolverine World Wide during the second quarter valued at about $13,557,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company’s portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.