Wolverine World Wide, Inc. (NYSE:WWW) Given Average Rating of “Hold” by Brokerages
by Mitch Edgeman · The Markets DailyWolverine World Wide, Inc. (NYSE:WWW – Get Free Report) has been assigned an average rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $22.3333.
A number of research firms recently commented on WWW. Zacks Research upgraded Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Needham & Company LLC started coverage on Wolverine World Wide in a report on Thursday, March 26th. They set a “buy” rating and a $21.00 target price on the stock. KeyCorp lifted their target price on Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Robert W. Baird boosted their price target on Wolverine World Wide from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Wolverine World Wide in a research report on Monday, December 29th.
Check Out Our Latest Analysis on Wolverine World Wide
Wolverine World Wide Trading Up 0.2%
WWW opened at $15.98 on Friday. Wolverine World Wide has a 12-month low of $9.58 and a 12-month high of $32.80. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a market capitalization of $1.31 billion, a PE ratio of 14.14 and a beta of 1.85. The firm’s fifty day moving average price is $17.25 and its 200 day moving average price is $19.71.
Wolverine World Wide (NYSE:WWW – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $517.50 million during the quarter, compared to analyst estimates of $510.49 million. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. As a group, research analysts expect that Wolverine World Wide will post 1.23 EPS for the current fiscal year.
Wolverine World Wide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.40 annualized dividend and a yield of 2.5%. Wolverine World Wide’s payout ratio is presently 35.40%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Clearstead Advisors LLC grew its position 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 valued at $29,000 after buying an additional 1,053 shares during the last quarter. Hara Capital LLC bought a new position in Wolverine World Wide in the second quarter worth about $30,000. Canada Pension Plan Investment Board bought a new position in Wolverine World Wide in the second quarter worth about $34,000. Covestor Ltd boosted its stake in Wolverine World Wide by 16,025.0% in the third quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 1,282 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in Wolverine World Wide by 2,134.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 2,754 shares during the period. 90.25% of the stock is currently owned by institutional investors.
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.