Wolverine World Wide, Inc. (NYSE:WWW) Receives $23.11 Consensus Price Target from Analysts

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been assigned a consensus recommendation of “Hold” from the eleven research firms 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 target price among analysts that have issued ratings on the stock in the last year is $23.1111.

A number of research analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a report on Friday, August 14th. KeyCorp restated an “overweight” rating and issued a $25.00 price objective on shares of Wolverine World Wide in a research report on Thursday, August 13th. Robert W. Baird raised their price objective on Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Wolverine World Wide in a research note on Tuesday, September 8th. Finally, Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd.

Institutional Investors Weigh In On Wolverine World Wide

Several large investors have recently made changes to their positions in WWW. BlackRock Inc. bought a new position in shares of Wolverine World Wide during the 2nd quarter worth approximately $204,878,000. Wellington Management Group LLP boosted its holdings in Wolverine World Wide by 3.4% during the second quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker’s stock worth $74,852,000 after purchasing an additional 146,791 shares during the last quarter. Callodine Capital Management LP lifted its position in Wolverine World Wide by 27.8% during the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after buying an additional 980,839 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Wolverine World Wide by 21.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,797,577 shares of the textile maker’s stock worth $29,333,000 after buying an additional 313,883 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Wolverine World Wide by 106.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,164,314 shares of the textile maker’s stock valued at $21,132,000 after acquiring an additional 601,059 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

WWW opened at $18.93 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.55 and a quick ratio of 0.98. The stock has a market capitalization of $1.55 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 1.29 and a beta of 1.72. The company’s 50 day simple moving average is $19.52 and its 200-day simple moving average is $17.76. Wolverine World Wide has a one year low of $13.47 and a one year high of $30.45.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $506.40 million during the quarter, compared to analysts’ expectations of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. Wolverine World Wide’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Sell-side analysts anticipate that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.1%. Wolverine World Wide’s payout ratio is presently 31.01%.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, manufacturer, marketer and licensor of branded footwear, apparel and accessories. The company serves consumers through a portfolio of outdoor, athletic, lifestyle and work-oriented brands, with products sold through wholesale accounts, company-owned and third-party retail locations, and e-commerce channels.

Its principal brands include Merrell, which focuses on outdoor and trail footwear and apparel; Saucony, an athletic running and performance brand; Wolverine, known for work and lifestyle footwear; Chaco, which offers outdoor sandals and footwear; Sweaty Betty, a women’s activewear brand; and Bates, a provider of uniform and duty footwear.