Wolverine World Wide (NYSE:WWW – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
WWW has been the topic of a number of other reports. Robert W. Baird cut their target price on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Weiss Ratings upgraded shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Zacks Research raised shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Telsey Advisory Group dropped their price objective on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Wolverine World Wide presently has an average rating of “Moderate Buy” and a consensus price target of $21.75.
Read Our Latest Stock Analysis on Wolverine World Wide
Wolverine World Wide Trading Down 0.2%
Wolverine World Wide (NYSE:WWW – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The company had revenue of $457.60 million for the quarter, compared to analyst estimates of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, research analysts anticipate that Wolverine World Wide will post 1.56 EPS for the current year.
Insider Activity
In other news, Director Brenda J. Lauderback sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was 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 in the company, valued at $860,727.76. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.
Hedge Funds Weigh In On Wolverine World Wide
Institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC lifted its stake in shares of Wolverine World Wide by 191.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after acquiring an additional 1,053 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Wolverine World Wide during the second quarter worth about $34,000. Global Retirement Partners LLC increased its stake in shares of Wolverine World Wide by 2,134.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after acquiring an additional 2,754 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Wolverine World Wide by 68.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,232 shares during the period. Finally, Archer Investment Corp purchased a new position in Wolverine World Wide during the first quarter worth about $95,000. 90.25% of the stock is owned by institutional investors and hedge funds.
Wolverine World Wide Company Profile
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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