Wolverine World Wide (NYSE:WWW) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Wolverine World Wide shares rose above their 200-day moving average, reaching $20.17 and last trading at $20.15, up 3.8%.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $23.11; Zacks Research recently upgraded the stock to “strong buy.”
• The company exceeded quarterly expectations with $0.40 in earnings per share and $506.4 million in revenue, while maintaining a $0.40 annualized dividend yielding about 2.0%.

Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $18.20 and traded as high as $20.17. Wolverine World Wide shares last traded at $20.15, with a volume of 733,546 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WWW shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $21.00 target price on shares of Wolverine World Wide in a research note on Friday, August 14th. Weiss Ratings restated a "hold (c+)" rating on shares of Wolverine World Wide in a research note on Tuesday, September 8th. KeyCorp reaffirmed an "overweight" rating and issued a $25.00 price target on shares of Wolverine World Wide in a report on Thursday, August 13th. Williams Trading set a $20.00 price objective on Wolverine World Wide in a research report on Wednesday, August 19th. Finally, Zacks Research upgraded Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $23.11.

Wolverine World Wide Trading Up 3.8%

The company has a market cap of $1.65 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.32 and a beta of 1.69. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. The business's 50 day moving average price is $19.63 and its 200-day moving average price is $18.20.

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, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $506.40 million for the quarter, compared to analyst estimates of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The firm's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. On average, research analysts forecast that Wolverine World Wide, Inc. will post 1.64 EPS for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. Wolverine World Wide's dividend payout ratio (DPR) is currently 31.01%.

Institutional Investors Weigh In On Wolverine World Wide

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Wolverine World Wide in the 2nd quarter valued at $204,878,000. Wellington Management Group LLP grew its holdings in shares of Wolverine World Wide by 3.4% in the 2nd quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker's stock worth $74,852,000 after purchasing an additional 146,791 shares during the last quarter. Callodine Capital Management LP grew its holdings in shares of Wolverine World Wide by 27.8% in the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker's stock worth $73,524,000 after purchasing an additional 980,839 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Wolverine World Wide by 21.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,797,577 shares of the textile maker's stock worth $29,333,000 after purchasing an additional 313,883 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $13,557,000. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Company Profile

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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