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

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.7143.

A number of analysts have recently weighed in on WWW shares. Weiss Ratings restated a “hold (c-)” rating on shares of Wolverine World Wide in a research note on Monday, December 29th. Wall Street Zen lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Stifel Nicolaus set a $25.00 price objective on shares of Wolverine World Wide in a research report on Thursday, November 6th. KeyCorp reduced 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. Finally, Zacks Research cut shares of Wolverine World Wide from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd.

Wolverine World Wide Price Performance

Wolverine World Wide stock traded down $0.06 during trading hours on Friday, hitting $19.29. 1,913,918 shares of the stock were exchanged, compared to its average volume of 1,607,406. The stock has a market capitalization of $1.58 billion, a P/E ratio of 18.55 and a beta of 1.92. The business’s 50-day moving average is $17.41 and its two-hundred day moving average is $22.86. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.79 and a current ratio of 1.34. Wolverine World Wide has a 12 month low of $9.58 and a 12 month high of $32.80.

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, topping analysts’ consensus estimates of $0.33 by $0.03. Wolverine World Wide had a return on equity of 31.43% and a net margin of 4.73%.The business had revenue of $470.30 million for the quarter, compared to analyst estimates of $461.46 million. During the same period in the prior year, the company earned $0.28 EPS. Wolverine World Wide’s revenue for the quarter was up 6.8% on a year-over-year basis. Wolverine World Wide has set its FY 2025 guidance at 1.290-1.340 EPS. Equities research analysts expect that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, January 2nd. Wolverine World Wide’s dividend payout ratio (DPR) is 38.46%.

Insider Transactions at Wolverine World Wide

In other news, Director Demonty Price purchased 25,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $15.77 per share, with a total value of $394,250.00. Following the completion of the purchase, the director directly owned 75,000 shares of the company’s stock, valued at $1,182,750. The trade was a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicholas T. Long acquired 2,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $15.88 per share, with a total value of $31,760.00. Following the completion of the transaction, the director owned 78,268 shares of the company’s stock, valued at approximately $1,242,895.84. This trade represents a 2.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 33,250 shares of company stock worth $524,573. Insiders own 2.28% of the company’s stock.

Hedge Funds Weigh In On Wolverine World Wide

Several large investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its stake in 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 acquiring an additional 453 shares during the period. Teacher Retirement System of Texas raised its position in shares of Wolverine World Wide by 5.1% during the second 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 period. Nisa Investment Advisors LLC lifted its holdings in shares of Wolverine World Wide by 1.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 58,586 shares of the textile maker’s stock valued at $1,059,000 after purchasing an additional 599 shares in the last quarter. Sheets Smith Wealth Management grew its position in shares of Wolverine World Wide by 5.1% in the 2nd quarter. Sheets Smith Wealth Management now owns 13,032 shares of the textile maker’s stock valued at $236,000 after purchasing an additional 628 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of Wolverine World Wide by 1.3% in 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 during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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.