Q1 EPS Estimate for Wolverine World Wide Reduced by Analyst

Wolverine World Wide, Inc. (NYSE:WWW - Free Report) - Investment analysts at Telsey Advisory Group dropped their Q1 2025 earnings estimates for Wolverine World Wide in a report released on Thursday, May 1st. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.30. Telsey Advisory Group currently has a "Market Perform" rating and a $17.00 price objective on the stock. The consensus estimate for Wolverine World Wide's current full-year earnings is $1.23 per share.

Several other brokerages also recently commented on WWW. Baird R W raised Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. Robert W. Baird raised Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $15.00 target price on the stock in a research report on Monday, April 21st. StockNews.com cut Wolverine World Wide from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Piper Sandler cut their target price on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Stifel Nicolaus lowered their price target on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.13.

Wolverine World Wide Stock Up 6.8 %

WWW opened at $14.05 on Monday. The company has a market capitalization of $1.14 billion, a PE ratio of 25.55 and a beta of 1.74. The business has a 50-day moving average of $12.98 and a 200-day moving average of $18.21. Wolverine World Wide has a fifty-two week low of $9.58 and a fifty-two week high of $24.64. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.29 and a quick ratio of 0.77.

Wolverine World Wide (NYSE:WWW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The business had revenue of $494.70 million for the quarter, compared to analysts' expectations of $485.74 million. During the same period in the previous year, the company posted ($0.30) EPS. Wolverine World Wide's revenue was down 6.1% on a year-over-year basis.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.85%. Wolverine World Wide's payout ratio is currently 72.73%.

Hedge Funds Weigh In On Wolverine World Wide

Several hedge funds have recently added to or reduced their stakes in WWW. Barclays PLC grew its position in shares of Wolverine World Wide by 767.1% during the 3rd quarter. Barclays PLC now owns 250,830 shares of the textile maker's stock worth $4,368,000 after buying an additional 221,904 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Wolverine World Wide during the 3rd quarter valued at $113,000. JPMorgan Chase & Co. lifted its stake in shares of Wolverine World Wide by 1,263.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker's stock valued at $24,857,000 after purchasing an additional 1,322,254 shares during the period. GAMMA Investing LLC boosted its position in shares of Wolverine World Wide by 12.5% in the 4th quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker's stock worth $112,000 after purchasing an additional 563 shares during the last quarter. Finally, Range Financial Group LLC acquired a new stake in shares of Wolverine World Wide during the fourth quarter worth $1,072,000. Institutional investors own 90.25% of the company's stock.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.

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