Wolverine World Wide, Inc. (NYSE:WWW – Get Free Report) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Monday, January 4th will be given a dividend of $0.10 per share by the textile maker on Monday, February 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, January 4th.
Wolverine World Wide has a dividend payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wolverine World Wide to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 21.6%.
Wolverine World Wide Trading Up 2.8%
Wolverine World Wide stock opened at $21.39 on Tuesday. Wolverine World Wide has a 12-month low of $13.47 and a 12-month high of $22.80. 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 $1.76 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.33 and a beta of 1.69. The firm has a 50 day simple moving average of $19.67 and a 200-day simple moving average of $18.11.
Wolverine World Wide (NYSE:WWW – Get Free Report) last announced its 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 firm had revenue of $506.40 million for the quarter, compared to analysts’ expectations of $500.74 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, equities research analysts expect that Wolverine World Wide will post 1.64 EPS for the current fiscal year.
Institutional Investors Weigh In On Wolverine World Wide
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Wolverine World Wide in the 2nd quarter valued at $204,878,000. Wellington Management Group LLP raised its holdings in Wolverine World Wide by 3.4% during the 2nd quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker’s stock worth $74,852,000 after buying an additional 146,791 shares during the period. Callodine Capital Management LP raised its holdings 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 during the period. Dimensional Fund Advisors LP raised its holdings 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 during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Wolverine World Wide during the second quarter valued at about $13,557,000. Institutional investors and hedge funds own 90.25% of the company’s stock.
About Wolverine World Wide
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.
Recommended Stories
- Five stocks we like better than Wolverine World Wide
- AST SpaceMobile’s Brazil Breakthrough Could Set the Stage for a Q3 Stock Rebound
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.
