Wolverine World Wide, Inc. (NYSE:WWW – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.40 and traded as high as $17.68. Wolverine World Wide shares last traded at $16.9150, with a volume of 690,542 shares traded.
Analysts Set New Price Targets
WWW has been the subject of several recent research reports. Zacks Research upgraded shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Needham & Company LLC started coverage on shares of Wolverine World Wide in a research note on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Telsey Advisory Group decreased their price target on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. Finally, KeyCorp raised their price objective on Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.75.
Read Our Latest Analysis on Wolverine World Wide
Wolverine World Wide Stock Performance
Wolverine World Wide (NYSE:WWW – Get Free Report) last announced 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. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The company had revenue of $457.60 million for the quarter, compared to the consensus estimate of $448.44 million. During the same period in the previous year, the business earned $0.18 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Analysts forecast that Wolverine World Wide, Inc. will post 1.54 earnings per share for the current fiscal year.
Wolverine World Wide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.3%. Wolverine World Wide’s payout ratio is 32.26%.
Insider Activity
In other news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the sale, the director owned 54,202 shares of the company’s stock, valued at $860,727.76. This trade represents a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.
Institutional Investors Weigh In On Wolverine World Wide
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Wolverine World Wide by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after purchasing an additional 353,808 shares in the last quarter. Callodine Capital Management LP increased its position in Wolverine World Wide by 27.8% in the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock valued at $73,524,000 after buying an additional 980,839 shares in the last quarter. State Street Corp raised its stake in Wolverine World Wide by 2.1% during the 4th quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after buying an additional 63,041 shares during the period. JPMorgan Chase & Co. raised its stake in Wolverine World Wide by 3.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock worth $36,419,000 after buying an additional 59,304 shares during the period. Finally, Oxbow Capital Management HK Ltd bought a new position in Wolverine World Wide in the third quarter worth approximately $54,431,000. 90.25% of the stock is owned by institutional investors.
About Wolverine World Wide
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.
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