Q1 EPS Forecast for Wolverine World Wide Lowered by Analyst

Wolverine World Wide, Inc. (NYSE:WWW) – Research analysts at Telsey Advisory Group cut their Q1 2025 earnings per share estimates for Wolverine World Wide in a research report issued to clients and investors on Thursday, May 1st. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will earn $0.10 per share for the quarter, down from their prior forecast of $0.30. Telsey Advisory Group currently has a “Market Perform” rating and a $17.00 target price on the stock. The consensus estimate for Wolverine World Wide’s current full-year earnings is $1.23 per share.

Several other brokerages also recently commented on WWW. Piper Sandler lowered their price objective on Wolverine World Wide from $27.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Robert W. Baird raised their price objective on Wolverine World Wide from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday. Baird R W upgraded shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 21st. Stifel Nicolaus dropped their price target on shares of Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.75.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $14.27 on Monday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 25.95 and a beta of 1.62. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. Wolverine World Wide has a fifty-two week low of $9.58 and a fifty-two week high of $24.64. The firm’s 50-day simple moving average is $12.95 and its 200 day simple moving average is $18.16.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.30) earnings per share.

Hedge Funds Weigh In On Wolverine World Wide

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Wolverine World Wide by 767.1% during the 3rd quarter. Barclays PLC now owns 250,830 shares of the textile maker’s stock valued at $4,368,000 after purchasing an additional 221,904 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Wolverine World Wide during the third quarter valued at about $113,000. JPMorgan Chase & Co. lifted its holdings in shares of Wolverine World Wide by 1,263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock worth $24,857,000 after buying an additional 1,322,254 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Wolverine World Wide by 12.5% in the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after buying an additional 563 shares in the last quarter. Finally, Range Financial Group LLC bought a new position in shares of Wolverine World Wide in the fourth quarter valued at approximately $1,072,000. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is currently 72.73%.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.