Wolverine World Wide, Inc. (NYSE:WWW – Get Free Report) shares crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $17.83 and traded as high as $19.58. Wolverine World Wide shares last traded at $19.1040, with a volume of 582,321 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on WWW. Williams Trading set a $20.00 price target on Wolverine World Wide in a research note on Wednesday, August 19th. Wall Street Zen cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday. Telsey Advisory Group reiterated a “market perform” rating and set a $21.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 14th. Stifel Nicolaus increased their price objective on Wolverine World Wide from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, KeyCorp reissued an “overweight” rating and issued a $25.00 target price on shares of Wolverine World Wide in a research note on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.11.
View Our Latest Stock Analysis on Wolverine World Wide
Wolverine World Wide Price Performance
Wolverine World Wide (NYSE:WWW – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $506.40 million for the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Equities research analysts anticipate that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current year.
Wolverine World Wide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.1%. Wolverine World Wide’s payout ratio is presently 31.01%.
Institutional Investors Weigh In On Wolverine World Wide
A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in Wolverine World Wide by 111.8% during the first quarter. Renaissance Technologies LLC now owns 534,045 shares of the textile maker’s stock worth $8,716,000 after purchasing an additional 281,845 shares during the period. First Trust Advisors LP increased its holdings in shares of Wolverine World Wide by 262.7% in the first quarter. First Trust Advisors LP now owns 87,190 shares of the textile maker’s stock valued at $1,423,000 after purchasing an additional 63,154 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Wolverine World Wide by 106.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,164,314 shares of the textile maker’s stock valued at $21,132,000 after purchasing an additional 601,059 shares during the period. Aristotle Capital Boston LLC raised its position in shares of Wolverine World Wide by 32.3% in the fourth quarter. Aristotle Capital Boston LLC now owns 702,079 shares of the textile maker’s stock valued at $12,743,000 after purchasing an additional 171,509 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $11,571,000. Institutional investors own 90.25% of the company’s stock.
About Wolverine World Wide
Wolverine World Wide, Inc is a global designer, manufacturer, marketer and licensor of branded footwear, apparel and accessories. The company serves consumers through a portfolio of outdoor, athletic, lifestyle and work-oriented brands, with products sold through wholesale accounts, company-owned and third-party retail locations, and e-commerce channels.
Its principal brands include Merrell, which focuses on outdoor and trail footwear and apparel; Saucony, an athletic running and performance brand; Wolverine, known for work and lifestyle footwear; Chaco, which offers outdoor sandals and footwear; Sweaty Betty, a women’s activewear brand; and Bates, a provider of uniform and duty footwear.
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