Wolverine World Wide’s (WWW) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Wolverine World Wide (NYSE:WWW) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $10.00 price objective on the textile maker’s stock. Telsey Advisory Group also issued estimates for Wolverine World Wide’s Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.38 EPS and Q4 2025 earnings at $0.29 EPS.

Wolverine World Wide Stock Down 1.3 %

WWW stock opened at $10.75 on Wednesday. Wolverine World Wide has a 52-week low of $7.21 and a 52-week high of $17.85. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.18 and a quick ratio of 0.75. The firm has a market capitalization of $859.04 million, a P/E ratio of -21.08 and a beta of 1.73. The company’s 50 day simple moving average is $10.14 and its 200-day simple moving average is $9.18.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Wednesday, February 21st. The textile maker reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.03). Wolverine World Wide had a positive return on equity of 1.45% and a negative net margin of 1.77%. The business had revenue of $526.70 million during the quarter, compared to analyst estimates of $520.12 million. During the same period last year, the business earned ($0.15) EPS. The business’s quarterly revenue was down 20.8% on a year-over-year basis. As a group, equities research analysts anticipate that Wolverine World Wide will post 0.77 EPS for the current year.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Monday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently -78.43%.

Institutional Trading of Wolverine World Wide

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Wolverine World Wide by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 9,282,319 shares of the textile maker’s stock valued at $74,815,000 after acquiring an additional 109,833 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Wolverine World Wide by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,991 shares of the textile maker’s stock worth $15,753,000 after purchasing an additional 103,368 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Wolverine World Wide by 2.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,542,637 shares of the textile maker’s stock valued at $12,434,000 after purchasing an additional 32,100 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Wolverine World Wide by 13.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,446,579 shares of the textile maker’s stock valued at $11,659,000 after purchasing an additional 175,039 shares during the period. Finally, Callodine Capital Management LP acquired a new stake in shares of Wolverine World Wide in the third quarter worth $8,060,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.