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

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been assigned an average rating of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.3333.

A number of research analysts recently issued reports on WWW shares. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Argus reissued a “hold” rating on shares of Wolverine World Wide in a research report on Friday, January 23rd. Telsey Advisory Group upped their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, February 27th. Piper Sandler cut shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $16.00 in a report on Wednesday, January 7th. Finally, UBS Group lowered their price target on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WWW. Covestor Ltd lifted its holdings in shares of Wolverine World Wide by 16,025.0% during the third quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock worth $35,000 after buying an additional 1,282 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Wolverine World Wide by 191.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after acquiring an additional 1,053 shares during the last quarter. Hara Capital LLC bought a new position in Wolverine World Wide during the second quarter worth $30,000. Canada Pension Plan Investment Board bought a new position in Wolverine World Wide during the second quarter worth $34,000. Finally, Aster Capital Management DIFC Ltd raised its stake in Wolverine World Wide by 1,605.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 2,505 shares during the last quarter. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Stock Down 2.4%

WWW opened at $16.46 on Friday. The business has a 50 day moving average price of $17.56 and a 200 day moving average price of $20.23. Wolverine World Wide has a twelve month low of $9.58 and a twelve month 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 firm has a market cap of $1.34 billion, a P/E ratio of 14.56 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $510.49 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. Research analysts forecast that Wolverine World Wide will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors 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 2.4%. Wolverine World Wide’s dividend payout ratio is presently 35.40%.

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.