Wolverine World Wide (NYSE:WWW) Reaches New 52-Week High – Here’s What Happened

Wolverine World Wide, Inc. (NYSE:WWW)’s share price reached a new 52-week high during trading on Wednesday. The company traded as high as $23.12 and last traded at $22.8670, with a volume of 54,746 shares traded. The stock had previously closed at $21.63.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WWW shares. Robert W. Baird upped their price objective on Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report 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. UBS Group boosted their target price on Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $21.00 target price on shares of Wolverine World Wide in a report on Friday, August 14th. Finally, Stifel Nicolaus raised their price target on shares of Wolverine World Wide from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $23.11.

Wolverine World Wide Trading Down 7.8%

The business’s fifty day moving average is $19.78 and its 200-day moving average is $18.16. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. The firm has a market cap of $1.78 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.60 and a beta of 1.67.

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

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Monday, January 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, January 4th. Wolverine World Wide’s dividend payout ratio is presently 31.01%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. bought a new stake in Wolverine World Wide during the third quarter valued at $25,000. Public Employees Retirement System of Ohio acquired a new stake in Wolverine World Wide during the 2nd quarter worth about $33,000. Global Retirement Partners LLC bought a new position in shares of Wolverine World Wide in the 2nd quarter worth about $34,000. Sterling Capital Management LLC raised its position in shares of Wolverine World Wide by 345.4% in the 3rd quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker’s stock worth $49,000 after acquiring an additional 1,969 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in shares of Wolverine World Wide in the 2nd quarter valued at about $56,000. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company’s portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.