Wolverine World Wide (NYSE:WWW) Trading 7.9% Higher – What’s Next?

Wolverine World Wide, Inc. (NYSE:WWW)’s stock price was up 7.9% on Tuesday . The stock traded as high as $20.58 and last traded at $20.5850. Approximately 546,941 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 1,196,739 shares. The stock had previously closed at $19.07.

Analyst Ratings Changes

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

Wolverine World Wide Trading Up 9.4%

The company’s 50 day moving average price is $17.29 and its two-hundred day moving average price is $17.33. The firm has a market cap of $1.71 billion, a PE ratio of 16.83 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.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $457.60 million during the quarter, compared to analysts’ expectations 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 was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, sell-side analysts forecast that Wolverine World Wide, Inc. will post 1.56 EPS for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. Wolverine World Wide’s payout ratio is currently 32.26%.

Insider Buying and Selling

In other news, Director Brenda J. Lauderback sold 5,500 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was 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 of the company’s stock, valued at approximately $860,727.76. The trade was a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearstead Advisors LLC increased its stake in Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 1,053 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Wolverine World Wide during the second quarter valued at $34,000. Global Retirement Partners LLC grew its holdings in shares of Wolverine World Wide by 2,134.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock valued at $52,000 after buying an additional 2,754 shares during the last quarter. Quadrant Capital Group LLC increased its position 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 acquiring an additional 1,232 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Wolverine World Wide by 13,834.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock valued at $134,000 after acquiring an additional 4,842 shares during the period. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

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.