Seaport Res Ptn Issues Optimistic Forecast for WWW Earnings

Wolverine World Wide, Inc. (NYSE:WWW) – Investment analysts at Seaport Res Ptn boosted their FY2025 EPS estimates for Wolverine World Wide in a report issued on Wednesday, November 5th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will earn $1.32 per share for the year, up from their prior forecast of $1.30. The consensus estimate for Wolverine World Wide’s current full-year earnings is $1.23 per share. Seaport Res Ptn also issued estimates for Wolverine World Wide’s Q4 2025 earnings at $0.43 EPS.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, November 5th. The textile maker reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $470.30 million for the quarter, compared to analyst estimates of $461.46 million. Wolverine World Wide had a net margin of 4.73% and a return on equity of 31.99%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Wolverine World Wide has set its FY 2025 guidance at 1.290-1.340 EPS.

Several other research firms have also recently weighed in on WWW. Piper Sandler restated an “overweight” rating and set a $25.00 target price (up from $20.00) on shares of Wolverine World Wide in a research note on Tuesday, August 5th. Stifel Nicolaus set a $25.00 price target on Wolverine World Wide in a report on Thursday. UBS Group dropped their price objective on Wolverine World Wide from $39.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird reduced their price objective on Wolverine World Wide from $35.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, KeyCorp decreased their target price on Wolverine World Wide from $32.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday. 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.29.

Wolverine World Wide Stock Performance

NYSE WWW opened at $15.71 on Friday. The firm’s 50 day simple moving average is $27.19 and its 200 day simple moving average is $22.42. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.40 and a beta of 1.83. 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 has a 1 year low of $9.58 and a 1 year high of $32.80.

Institutional Investors Weigh In On Wolverine World Wide

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Wolverine World Wide by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 9,005,788 shares of the textile maker’s stock valued at $125,271,000 after acquiring an additional 45,779 shares during the period. Earnest Partners LLC lifted its holdings in shares of Wolverine World Wide by 0.8% during the first quarter. Earnest Partners LLC now owns 5,270,775 shares of the textile maker’s stock worth $73,316,000 after purchasing an additional 41,857 shares during the period. Callodine Capital Management LP grew its stake in shares of Wolverine World Wide by 41.0% in the second quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock worth $77,700,000 after purchasing an additional 1,250,515 shares during the last quarter. Geode Capital Management LLC increased its holdings in Wolverine World Wide by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,869,339 shares of the textile maker’s stock valued at $33,802,000 after purchasing an additional 32,493 shares during the period. Finally, Bank of America Corp DE raised its position in Wolverine World Wide by 8.6% during the 2nd quarter. Bank of America Corp DE now owns 1,772,076 shares of the textile maker’s stock worth $32,039,000 after purchasing an additional 139,913 shares during the last quarter. 90.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 12,854 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $32.14, for a total value of $413,127.56. Following the completion of the transaction, the director directly owned 48,675 shares in the company, valued at approximately $1,564,414.50. This trade represents a 20.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amy M. Klimek sold 11,528 shares of Wolverine World Wide stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $22.32, for a total value of $257,304.96. The SEC filing for this sale provides additional information. Insiders sold a total of 37,236 shares of company stock valued at $1,079,704 in the last 90 days. Corporate insiders own 2.28% of the company’s stock.

Wolverine World Wide Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, January 2nd. Wolverine World Wide’s dividend payout ratio is presently 39.22%.

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.