Wolverine World Wide (NYSE:WWW) Issues FY 2025 Earnings Guidance

Wolverine World Wide (NYSE:WWW) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.290-1.340 for the period, compared to the consensus estimate of 1.330. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion.

Wolverine World Wide Stock Down 1.0%

WWW stock opened at $22.12 on Wednesday. The company has a market cap of $1.80 billion, a P/E ratio of 21.69 and a beta of 1.81. Wolverine World Wide has a 52 week low of $9.58 and a 52 week high of $32.80. The company’s 50-day moving average price is $27.82 and its 200 day moving average price is $22.51. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 1.58.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, August 6th. The textile maker reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. The firm had revenue of $474.20 million for the quarter, compared to the consensus estimate of $447.82 million. Wolverine World Wide had a net margin of 4.73% and a return on equity of 31.99%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. On average, research analysts expect that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, January 2nd. Wolverine World Wide’s dividend payout ratio is 39.22%.

Analyst Ratings Changes

WWW has been the topic of several recent research reports. Stifel Nicolaus upped their price target on shares of Wolverine World Wide from $30.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wolverine World Wide in a report on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $25.00 price target (up previously from $20.00) on shares of Wolverine World Wide in a report on Tuesday, August 5th. Zacks Research downgraded shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, UBS Group upped their price target on shares of Wolverine World Wide from $36.00 to $39.00 and gave the company a “buy” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.71.

Insider Activity at Wolverine World Wide

In related news, insider Amy M. Klimek sold 11,528 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $22.32, for a total transaction of $257,304.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Nicholas T. Long sold 12,854 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $31.84, for a total transaction of $409,271.36. Following the transaction, the director directly owned 76,268 shares in the company, valued at $2,428,373.12. The trade was a 14.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,236 shares of company stock valued at $1,079,704. Company insiders own 2.28% of the company’s stock.

Hedge Funds Weigh In On Wolverine World Wide

Large investors have recently bought and sold shares of the stock. Public Sector Pension Investment Board raised its stake in Wolverine World Wide by 7.1% during the second quarter. Public Sector Pension Investment Board now owns 308,361 shares of the textile maker’s stock worth $5,575,000 after purchasing an additional 20,563 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 first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock worth $3,167,000 after purchasing an additional 26,870 shares during the period. Raymond James Financial Inc. raised its stake in Wolverine World Wide by 2.1% during the second quarter. Raymond James Financial Inc. now owns 67,595 shares of the textile maker’s stock worth $1,222,000 after purchasing an additional 1,395 shares during the period. Nomura Holdings Inc. purchased a new position in Wolverine World Wide during the second quarter worth approximately $1,090,000. Finally, Thrivent Financial for Lutherans raised its stake in Wolverine World Wide by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock worth $1,074,000 after purchasing an additional 782 shares during the period. Hedge funds and other institutional investors own 90.25% of the company’s stock.

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.