Wolverine World Wide, Inc. (NYSE:WWW) Receives Average Recommendation of “Moderate Buy” from Analysts

Wolverine World Wide, Inc. (NYSE:WWW) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.7143.

WWW has been the topic of several recent analyst reports. Zacks Research downgraded Wolverine World Wide from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. KeyCorp dropped their target price on shares of Wolverine World Wide from $32.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Wolverine World Wide in a research note on Monday, December 29th. UBS Group decreased their price target on shares of 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. Finally, Piper Sandler lowered shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $16.00 in a research report on Wednesday, January 7th.

Wolverine World Wide Price Performance

NYSE WWW opened at $19.37 on Friday. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 18.62 and a beta of 1.92. Wolverine World Wide has a 52-week low of $9.58 and a 52-week high of $32.80. The company has a 50 day simple moving average of $17.34 and a 200-day simple moving average of $22.82. 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 (NYSE:WWW) last released its quarterly 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 company had revenue of $470.30 million for the quarter, compared to analyst estimates of $461.46 million. During the same quarter last year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2025 guidance at 1.290-1.340 EPS. Equities research analysts predict that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 2.1%. Wolverine World Wide’s payout ratio is currently 38.46%.

Insider Buying and Selling at Wolverine World Wide

In other news, insider Amy M. Klimek sold 11,528 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $22.32, for a total value of $257,304.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nicholas T. Long acquired 2,000 shares of the company’s stock in a transaction dated 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 owned 78,268 shares of the company’s stock, valued at approximately $1,242,895.84. This represents a 2.62% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 33,250 shares of company stock worth $524,573 in the last three months. 2.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wolverine World Wide

A number of institutional investors and hedge funds have recently bought and sold shares of WWW. Maryland State Retirement & Pension System increased its stake in shares of Wolverine World Wide by 1.9% in the second quarter. Maryland State Retirement & Pension System now owns 23,818 shares of the textile maker’s stock valued at $431,000 after buying an additional 453 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Wolverine World Wide by 5.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,300 shares of the textile maker’s stock worth $222,000 after purchasing an additional 595 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Wolverine World Wide by 1.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 58,586 shares of the textile maker’s stock valued at $1,059,000 after acquiring an additional 599 shares during the period. Sheets Smith Wealth Management raised its stake in Wolverine World Wide by 5.1% during the 2nd quarter. Sheets Smith Wealth Management now owns 13,032 shares of the textile maker’s stock worth $236,000 after buying an additional 628 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Wolverine World Wide by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock valued at $1,074,000 after purchasing an additional 782 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

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.