Wolverine World Wide (NYSE:WWW) Receives “Hold” Rating from Argus

Argus reiterated their hold rating on shares of Wolverine World Wide (NYSE:WWW) in a report published on Friday morning, MarketBeat.com reports.

A number of other analysts have also weighed in on WWW. Zacks Research lowered Wolverine World Wide from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. BNP Paribas Exane set a $19.00 price target on Wolverine World Wide and gave the stock a “neutral” rating in a research report on Thursday. UBS Group decreased their price objective on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Wolverine World Wide in a research note on Monday, December 29th. Finally, Stifel Nicolaus set a $25.00 price target on shares of Wolverine World Wide in a research report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.11.

Wolverine World Wide Stock Down 6.6%

NYSE:WWW opened at $18.01 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.34 and a quick ratio of 0.79. Wolverine World Wide has a 1-year low of $9.58 and a 1-year high of $32.80. The company has a 50-day moving average of $17.71 and a 200 day moving average of $22.80. The firm has a market cap of $1.48 billion, a PE ratio of 17.32 and a beta of 1.92.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, November 5th. The textile maker reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Wolverine World Wide had a net margin of 4.73% and a return on equity of 31.43%. The business had revenue of $470.30 million for the quarter, compared to the consensus estimate of $461.46 million. During the same quarter last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Wolverine World Wide has set its FY 2025 guidance at 1.290-1.340 EPS. As a group, research analysts anticipate that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.2%. Wolverine World Wide’s dividend payout ratio (DPR) is currently 38.46%.

Insider Activity at Wolverine World Wide

In other news, Director Demonty Price acquired 25,000 shares of Wolverine World Wide stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $15.77 per share, for a total transaction of $394,250.00. Following the completion of the purchase, the director directly owned 75,000 shares in the company, valued at $1,182,750. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nicholas T. Long bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $15.88 per share, with a total value of $31,760.00. Following the acquisition, the director directly owned 78,268 shares of the company’s stock, valued at approximately $1,242,895.84. This trade represents a 2.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 33,250 shares of company stock valued at $524,573 over the last three months. 2.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wolverine World Wide

Institutional investors have recently bought and sold shares of the business. Oxbow Capital Management HK Ltd acquired a new stake in shares of Wolverine World Wide in the third quarter worth $54,431,000. Hennessy Advisors Inc. acquired a new stake in Wolverine World Wide during the 3rd quarter worth about $36,556,000. Callodine Capital Management LP raised its stake in shares of Wolverine World Wide by 41.0% during the 2nd quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock valued at $77,700,000 after buying an additional 1,250,515 shares during the last quarter. Alua Capital Management LP acquired a new position in shares of Wolverine World Wide in the 3rd quarter valued at about $33,231,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Wolverine World Wide during the fourth quarter worth about $21,687,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

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.