Wolverine World Wide, Inc. (NYSE:WWW - Free Report) - Equities research analysts at Telsey Advisory Group lowered their Q2 2025 EPS estimates for Wolverine World Wide in a report released on Friday, May 9th. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings of $0.22 per share for the quarter, down from their prior forecast of $0.26. Telsey Advisory Group 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. Telsey Advisory Group also issued estimates for Wolverine World Wide's FY2025 earnings at $1.10 EPS and FY2026 earnings at $1.30 EPS.
Other equities analysts also recently issued reports about the stock. Piper Sandler dropped their target price on shares of Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Robert W. Baird raised their price objective on Wolverine World Wide from $15.00 to $20.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Argus raised Wolverine World Wide from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research report on Friday. Baird R W upgraded Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, Stifel Nicolaus dropped their target price 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. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.75.
Check Out Our Latest Report on Wolverine World Wide
Wolverine World Wide Trading Up 3.0%
Shares of WWW traded up $0.49 during trading hours on Monday, reaching $16.92. 219,764 shares of the company traded hands, compared to its average volume of 1,337,709. The stock's fifty day moving average price is $13.21 and its 200 day moving average price is $18.15. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 30.75 and a beta of 1.62. Wolverine World Wide has a 12-month low of $9.58 and a 12-month high of $24.64.
Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.07. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The business had revenue of $412.30 million during the quarter, compared to the consensus estimate of $395.94 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm's quarterly revenue was up 4.4% compared to the same quarter last year.
Wolverine World Wide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.36%. The ex-dividend date is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio is currently 45.98%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of WWW. SBI Securities Co. Ltd. acquired a new position in shares of Wolverine World Wide in the 4th quarter valued at $25,000. Signaturefd LLC raised its stake in shares of Wolverine World Wide by 88.8% in the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock worth $32,000 after purchasing an additional 682 shares during the last quarter. Natixis acquired a new stake in shares of Wolverine World Wide during the fourth quarter worth about $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Wolverine World Wide in the fourth quarter valued at approximately $64,000. Finally, KBC Group NV increased its holdings in Wolverine World Wide by 43.8% in the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker's stock worth $96,000 after buying an additional 1,311 shares during the period. Institutional investors and hedge funds own 90.25% of the company's stock.
About Wolverine World Wide
(
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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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