Wolverine World Wide (NYSE:WWW) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Wolverine World Wide shares moved above their 200-day moving average, reaching $19.68 and last trading near $19.08, while the 50-day average stood at $19.40.
• Analyst sentiment is mixed but leans positive: five analysts rate the stock a Buy and six rate it Hold, with an average price target of $23.11 versus the recent share price.
• The company exceeded quarterly expectations, reporting $0.40 in EPS and $506.4 million in revenue, up 6.8% year over year. Wolverine also declared a quarterly dividend of $0.10 per share, yielding approximately 2.1% annually.

Shares of Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.74 and traded as high as $19.68. Wolverine World Wide shares last traded at $19.0760, with a volume of 677,909 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Wolverine World Wide in a report on Tuesday, September 8th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $21.00 price objective on shares of Wolverine World Wide in a report on Friday, August 14th. Needham & Company LLC upped their price objective on Wolverine World Wide from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Wall Street Zen raised Wolverine World Wide from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Finally, Robert W. Baird raised their target price on Wolverine World Wide from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $23.11.

Wolverine World Wide Stock Down 2.3%

The company's 50-day simple moving average is $19.40 and its two-hundred day simple moving average is $17.74. The firm has a market capitalization of $1.57 billion, a P/E ratio of 14.79, a P/E/G ratio of 1.33 and a beta of 1.72. 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 quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $506.40 million during the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, research analysts expect that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WWW. Clearstead Advisors LLC grew its stake in shares of Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker's stock valued at $29,000 after acquiring an additional 1,053 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Wolverine World Wide during the 2nd quarter worth approximately $33,000. Global Retirement Partners LLC bought a new stake in Wolverine World Wide during the 2nd quarter worth approximately $34,000. Caitlin John LLC bought a new stake in Wolverine World Wide during the 2nd quarter worth approximately $56,000. Finally, State of Wyoming purchased a new position in Wolverine World Wide during the second quarter valued at approximately $68,000. Institutional investors own 90.25% of the company's stock.

Wolverine World Wide Company Profile

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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