Wolverine World Wide (NYSE:WWW) Hits New 12-Month High - What's Next?

Key Points

• Wolverine World Wide shares hit a 52-week high, trading as high as $23.12 and up 6.4% from the prior close.
• Analyst views are mixed: five rate the stock Buy and six Hold, leaving a consensus Hold rating and a $23.11 average price target.
• The company beat quarterly earnings and revenue estimates, with revenue up 6.8% year over year, and declared a quarterly dividend of $0.10 per share.

Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $23.12 and last traded at $22.8670, with a volume of 54,746 shares trading hands. The stock had previously closed at $21.63.

Analyst Ratings Changes

A number of analysts have recently issued reports on WWW shares. Seaport Research Partners reaffirmed a "buy" rating and set a $30.00 price target on shares of Wolverine World Wide in a report on Friday, August 14th. KeyCorp reissued an "overweight" rating and set a $25.00 price objective on shares of Wolverine World Wide in a report on Thursday, August 13th. Zacks Research cut shares of Wolverine World Wide from a "strong-buy" rating to a "hold" rating in a report on Friday, October 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Wolverine World Wide in a research report on Tuesday, September 8th. Finally, Stifel Nicolaus raised their target price on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $23.11.

Wolverine World Wide Stock Up 6.4%

The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.89 billion, a P/E ratio of 17.82, a PEG ratio of 1.45 and a beta of 1.67. The company's 50 day moving average price is $19.68 and its two-hundred day moving average price is $18.13.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company had revenue of $506.40 million during the quarter, compared to analyst estimates of $500.74 million. During the same period in the previous year, the business posted $0.32 earnings per share. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Equities analysts forecast that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Monday, January 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, January 4th. Wolverine World Wide's dividend payout ratio (DPR) is currently 31.01%.

Institutional Investors Weigh In On Wolverine World Wide

A number of hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its position in shares of Wolverine World Wide by 6.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,972 shares of the textile maker's stock valued at $229,000 after buying an additional 746 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Wolverine World Wide by 16.3% during the 2nd quarter. GAMMA Investing LLC now owns 9,505 shares of the textile maker's stock valued at $157,000 after acquiring an additional 1,333 shares during the period. Swiss National Bank grew its stake in shares of Wolverine World Wide by 1.1% during the 1st quarter. Swiss National Bank now owns 162,100 shares of the textile maker's stock valued at $2,645,000 after acquiring an additional 1,800 shares during the period. Nisa Investment Advisors LLC increased its holdings in Wolverine World Wide by 5.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 34,471 shares of the textile maker's stock worth $659,000 after acquiring an additional 1,853 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Wolverine World Wide by 345.4% in the 3rd quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker's stock worth $49,000 after acquiring an additional 1,969 shares in the last quarter. Institutional investors own 90.25% of the company's stock.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company's portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.

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