Wolverine World Wide (NYSE:WWW) Hits New 52-Week High – Time to Buy?

Wolverine World Wide, Inc. (NYSE:WWW) shares reached a new 52-week high on Wednesday. The company traded as high as $23.12 and last traded at $22.8670, with a volume of 54,746 shares traded. The stock had previously closed at $21.63.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp reissued an “overweight” rating and issued a $25.00 price objective on shares of Wolverine World Wide in a research note on Thursday, August 13th. UBS Group raised their price objective on shares of Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Zacks Research cut shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. Williams Trading set a $20.00 target price on shares of Wolverine World Wide in a report on Wednesday, August 19th. Finally, Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $23.11.

Wolverine World Wide Stock Up 6.4%

The firm has a market capitalization of $1.89 billion, a PE ratio of 17.82, a PEG ratio of 1.45 and a beta of 1.67. The company has a fifty day moving average price of $19.68 and a 200-day moving average price of $18.13. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The firm had revenue of $506.40 million during the quarter, compared to analyst estimates of $500.74 million. During the same period last year, the firm posted $0.32 earnings per share. Wolverine World Wide’s revenue for the quarter was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, analysts expect that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 4th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, January 4th. This represents a $0.40 annualized dividend and a yield of 1.7%. Wolverine World Wide’s dividend payout ratio (DPR) is 31.01%.

Institutional Trading of Wolverine World Wide

A number of large investors have recently made changes to their positions in WWW. Public Employees Retirement System of Ohio purchased a new stake in shares of Wolverine World Wide during the 2nd quarter valued at about $33,000. Global Retirement Partners LLC purchased a new position in Wolverine World Wide in the second quarter worth about $34,000. Sterling Capital Management LLC increased its stake in Wolverine World Wide by 345.4% during the third quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker’s stock worth $49,000 after acquiring an additional 1,969 shares during the last quarter. Caitlin John LLC bought a new stake in Wolverine World Wide during the second quarter worth approximately $56,000. Finally, State of Wyoming purchased a new stake in Wolverine World Wide during the second quarter valued at approximately $68,000. 90.25% of the stock is currently owned by institutional investors.

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.