Wolverine World Wide, Inc. (NYSE:WWW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Wolverine World Wide, Inc. (NYSE:WWWGet Free Report) have received an average recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $22.50.

Several research firms have recently weighed in on WWW. UBS Group cut their price target 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. Argus restated a “hold” rating on shares of Wolverine World Wide in a research report on Friday, January 23rd. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Piper Sandler lowered Wolverine World Wide from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $22.00 to $16.00 in a research note on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Wolverine World Wide in a report on Monday, December 29th.

Get Our Latest Stock Report on WWW

Hedge Funds Weigh In On Wolverine World Wide

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Wolverine World Wide by 4.1% in 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 in the last quarter. Callodine Capital Management LP increased its position in Wolverine World Wide by 41.0% during the second quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock valued at $77,700,000 after acquiring an additional 1,250,515 shares during the last quarter. State Street Corp lifted its stake in Wolverine World Wide by 2.1% in the fourth quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after purchasing an additional 63,041 shares during the last quarter. JPMorgan Chase & Co. grew its position in Wolverine World Wide by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock valued at $36,419,000 after acquiring an additional 59,304 shares during the last quarter. Finally, Oxbow Capital Management HK Ltd bought a new position in shares of Wolverine World Wide in the third quarter worth about $54,431,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

More Wolverine World Wide News

Here are the key news stories impacting Wolverine World Wide this week:

Wolverine World Wide Stock Down 11.7%

Shares of Wolverine World Wide stock opened at $17.64 on Monday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 15.61 and a beta of 1.88. Wolverine World Wide has a one year low of $9.58 and a one year high of $32.80. The stock’s 50-day moving average is $18.18 and its 200 day moving average is $21.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.40 and a quick ratio of 0.87.

Wolverine World Wide (NYSE:WWWGet Free Report) last posted its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $517.50 million during the quarter, compared to the consensus estimate of $510.49 million. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. Equities research analysts anticipate that Wolverine World Wide will post 1.23 EPS for the current year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is 35.40%.

About Wolverine World Wide

(Get Free Report)

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.

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Analyst Recommendations for Wolverine World Wide (NYSE:WWW)

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