Wolverine World Wide (NYSE:WWW) Shares Down 6.1% – What’s Next?

Wolverine World Wide, Inc. (NYSE:WWW)’s share price traded down 6.1% during trading on Thursday . The stock traded as low as $18.73 and last traded at $18.4410. Approximately 42,319 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,203,266 shares. The stock had previously closed at $19.64.

Analyst Upgrades and Downgrades

WWW has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Robert W. Baird dropped their target price on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Telsey Advisory Group cut their price target on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Weiss Ratings raised shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Finally, Zacks Research upgraded shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.75.

Wolverine World Wide Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. The firm has a 50-day simple moving average of $17.21 and a 200 day simple moving average of $17.33. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 15.15 and a beta of 1.75.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $457.60 million during the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, sell-side analysts predict that Wolverine World Wide, Inc. will post 1.56 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, August 3rd. Investors of record on Wednesday, July 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.1%. Wolverine World Wide’s dividend payout ratio is 32.26%.

Insiders Place Their Bets

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the transaction, the director directly owned 54,202 shares of the company’s stock, valued at approximately $860,727.76. This trade represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wolverine World Wide

Several hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC increased its position in Wolverine World Wide by 191.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 1,053 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Wolverine World Wide during the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC lifted its position in Wolverine World Wide by 2,134.9% during the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after acquiring an additional 2,754 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Wolverine World Wide by 68.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,232 shares during the last quarter. Finally, Archer Investment Corp purchased a new position in shares of Wolverine World Wide in the 1st quarter valued at approximately $95,000. 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.