Wolverine World Wide (NYSE:WWW) Cut to “Hold” at Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen cut shares of Wolverine World Wide (NYSE:WWW – Free Report) from a buy rating to a hold rating in a research report report published on Saturday.
A number of other equities research analysts also recently commented on the company. UBS Group reduced their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, January 8th. KeyCorp raised their target price on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Piper Sandler downgraded Wolverine World Wide from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $16.00 in a report on Wednesday, January 7th. Zacks Research raised Wolverine World Wide from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Finally, Robert W. Baird raised their target price on Wolverine World Wide from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.33.
Get Our Latest Research Report on WWW
Wolverine World Wide Price Performance
Wolverine World Wide stock opened at $17.49 on Friday. Wolverine World Wide has a one year low of $12.44 and a one year high of $32.80. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.87 and a current ratio of 1.40. The business has a fifty day moving average of $17.10 and a two-hundred day moving average of $18.34. The company has a market cap of $1.43 billion, a P/E ratio of 15.48 and a beta of 1.85.
Wolverine World Wide (NYSE:WWW – Get Free Report) last released its earnings results on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Wolverine World Wide had a return on equity of 29.84% and a net margin of 5.06%.The company had revenue of $517.50 million during the quarter, compared to the consensus estimate of $510.49 million. During the same quarter last year, the company earned $0.40 earnings per share. Wolverine World Wide’s quarterly revenue was up 4.6% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. As a group, analysts predict that Wolverine World Wide will post 1.46 earnings per share for the current fiscal year.
Wolverine World Wide Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Wolverine World Wide’s payout ratio is 35.40%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 353,808 shares during the last quarter. Callodine Capital Management LP raised its stake in shares of Wolverine World Wide by 30.5% during the 4th quarter. Callodine Capital Management LP now owns 3,524,326 shares of the textile maker’s stock worth $63,967,000 after buying an additional 822,966 shares during the last quarter. State Street Corp raised its stake in shares of Wolverine World Wide by 2.1% during the 4th 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 during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Wolverine World Wide by 3.0% during the 4th 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 during the last quarter. Finally, Oxbow Capital Management HK Ltd acquired a new position in shares of Wolverine World Wide during the 3rd quarter worth $54,431,000. Institutional investors and hedge funds own 90.25% of the company’s stock.
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.