Wolverine World Wide, Inc. (NYSE:WWW – Get Rating) – Equities researchers at Zacks Research raised their Q3 2023 earnings estimates for shares of Wolverine World Wide in a report issued on Wednesday, May 24th. Zacks Research analyst S. Singh now forecasts that the textile maker will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.65. The consensus estimate for Wolverine World Wide’s current full-year earnings is $1.50 per share. Zacks Research also issued estimates for Wolverine World Wide’s Q4 2023 earnings at $0.51 EPS, FY2023 earnings at $1.50 EPS, Q1 2024 earnings at $0.32 EPS, Q2 2024 earnings at $0.42 EPS, Q4 2024 earnings at $0.73 EPS, FY2024 earnings at $2.32 EPS and FY2025 earnings at $2.76 EPS.
Wolverine World Wide (NYSE:WWW – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The business had revenue of $665.00 million during the quarter, compared to the consensus estimate of $665.04 million. Wolverine World Wide had a positive return on equity of 17.61% and a negative net margin of 6.71%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share.
Wolverine World Wide Trading Up 0.3 %
Shares of WWW stock opened at $14.30 on Friday. Wolverine World Wide has a 1 year low of $9.60 and a 1 year high of $24.08. The stock has a fifty day moving average of $16.04 and a two-hundred day moving average of $14.27. The company has a current ratio of 1.16, a quick ratio of 0.46 and a debt-to-equity ratio of 2.09.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in WWW. US Asset Management LLC purchased a new position in Wolverine World Wide during the 4th quarter worth approximately $26,000. Versant Capital Management Inc grew its holdings in shares of Wolverine World Wide by 182.5% during the first quarter. Versant Capital Management Inc now owns 1,667 shares of the textile maker’s stock valued at $28,000 after buying an additional 1,077 shares in the last quarter. Eagle Bay Advisors LLC raised its position in Wolverine World Wide by 43.3% during the first quarter. Eagle Bay Advisors LLC now owns 3,999 shares of the textile maker’s stock valued at $29,000 after buying an additional 1,209 shares during the period. Gladius Capital Management LP purchased a new stake in Wolverine World Wide in the 4th quarter worth about $37,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Wolverine World Wide by 187.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,321 shares of the textile maker’s stock worth $40,000 after acquiring an additional 1,514 shares in the last quarter. 97.08% of the stock is owned by hedge funds and other institutional investors.
Wolverine World Wide Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.80%. Wolverine World Wide’s dividend payout ratio is currently -17.02%.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc engages in the design, manufacture, and sale of branded casual, active lifestyle, work, outdoor sport, athletic, uniform, footwear, and apparel. It operates through the following segments: Wolverine Michigan Group and Wolverine Boston Group. The Wolverine Michigan Group consists of Merrell, Cat, Chaco, Hush Puppies, Bates uniform, Harley-Davidson and Hytest safety footwear and apparel.
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