Wolverine World Wide, Inc. (NYSE:WWW) Stock Has Consensus Price Target of $23.11 According to Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on Wolverine World Wide, with five buy ratings, five holds and one strong buy. The average 12-month price target is $23.11, above the stock’s reported $19.38 price.
• Wolverine exceeded quarterly expectations, reporting $0.40 EPS versus $0.38 expected and revenue of $506.4 million versus $500.74 million expected; revenue increased 6.8% year over year.
• Institutional investors own 90.25% of the company, while Wolverine declared a quarterly dividend of $0.10 per share, representing a 2.1% annualized yield.

Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $23.11.

Several brokerages have recently commented on WWW. Stifel Nicolaus raised their price objective on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Seaport Research Partners reiterated a "buy" rating and set a $30.00 target price on shares of Wolverine World Wide in a research report on Friday, August 14th. Robert W. Baird boosted their target price on shares of Wolverine World Wide from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Needham & Company LLC increased their target price on shares of Wolverine World Wide from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Wolverine World Wide in a report on Tuesday, September 8th.

Hedge Funds Weigh In On Wolverine World Wide

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Wolverine World Wide by 16.3% during the second quarter. GAMMA Investing LLC now owns 9,505 shares of the textile maker's stock worth $157,000 after purchasing an additional 1,333 shares during the period. Swiss National Bank lifted its holdings in shares of Wolverine World Wide by 1.1% in the 1st quarter. Swiss National Bank now owns 162,100 shares of the textile maker's stock worth $2,645,000 after purchasing an additional 1,800 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Wolverine World Wide in the 2nd quarter worth $33,000. Global Retirement Partners LLC bought a new position in shares of Wolverine World Wide in the 2nd quarter worth $34,000. Finally, Pictet Asset Management Holding SA grew its position in Wolverine World Wide by 23.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,609 shares of the textile maker's stock valued at $238,000 after purchasing an additional 2,746 shares during the period. Institutional investors own 90.25% of the company's stock.

Wolverine World Wide Trading Down 0.3%

NYSE WWW opened at $19.38 on Tuesday. The business has a 50 day simple moving average of $19.57 and a 200 day simple moving average of $18.06. Wolverine World Wide has a one year low of $13.47 and a one year high of $27.73. The stock has a market capitalization of $1.59 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.32 and a beta of 1.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.55 and a quick ratio of 0.98.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its 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 business had revenue of $506.40 million during 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 firm's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Research analysts expect that Wolverine World Wide will post 1.64 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. Wolverine World Wide's dividend payout ratio is currently 31.01%.

About Wolverine World Wide

Wolverine World Wide, Inc is a global footwear and apparel company headquartered in Rockford, Michigan. Founded in 1883, the company designs, manufactures, sources, markets and licenses footwear, clothing and accessories for consumers and workers around the world.

Its brand portfolio includes Merrell, known for outdoor and hiking footwear; Saucony, which focuses on running and athletic shoes; Wolverine, a work and lifestyle brand; Hush Puppies; Chaco; Bates; and other licensed or owned footwear brands.

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