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

Wolverine World Wide, Inc. (NYSE:WWW) shares traded down 6.1% on Thursday . The company traded as low as $18.73 and last traded at $18.4410. 42,319 shares changed hands 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WWW. Zacks Research upgraded Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Robert W. Baird lowered their target price on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Weiss Ratings upgraded shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. 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. Finally, Needham & Company LLC assumed coverage on shares of Wolverine World Wide in a report on Thursday, March 26th. They issued a “buy” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Wolverine World Wide has an average rating of “Moderate Buy” and a consensus price target of $21.75.

Wolverine World Wide Stock Down 6.0%

The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 14.89 and a beta of 1.75. 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 business has a 50-day moving average price of $17.08 and a 200-day moving average price of $17.32.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $457.60 million during the quarter, compared to analyst estimates of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.Wolverine World Wide’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, equities analysts anticipate that Wolverine World Wide, Inc. will post 1.56 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.2%. Wolverine World Wide’s dividend payout ratio is currently 32.26%.

Insider Activity at Wolverine World Wide

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

Institutional Investors Weigh In On Wolverine World Wide

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Wolverine World Wide by 295.7% in the 1st quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock worth $460,000 after purchasing an additional 24,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Wolverine World Wide by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock worth $660,000 after purchasing an additional 2,321 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Wolverine World Wide by 55.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock valued at $20,929,000 after purchasing an additional 537,854 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Wolverine World Wide by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock valued at $3,167,000 after purchasing an additional 26,870 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Wolverine World Wide by 4.8% in the second quarter. Invesco Ltd. now owns 997,217 shares of the textile maker’s stock valued at $18,030,000 after purchasing an additional 45,982 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Company Profile

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.