Wolverine World Wide's (WWW) "Market Perform" Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Wolverine World Wide (NYSE:WWW - Free Report) in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a $17.00 price target on the textile maker's stock. Telsey Advisory Group also issued estimates for Wolverine World Wide's Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.47 EPS, FY2025 earnings at $1.18 EPS and FY2026 earnings at $1.48 EPS.

Other analysts have also issued research reports about the stock. Piper Sandler lowered their target price on shares of 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. StockNews.com lowered shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Stifel Nicolaus decreased their target price on Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Baird R W raised Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, UBS Group raised their price target on Wolverine World Wide from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Wolverine World Wide presently has an average rating of "Moderate Buy" and a consensus price target of $18.13.

Wolverine World Wide Stock Up 6.8 %

WWW traded up $0.90 during trading on Thursday, hitting $14.05. The company had a trading volume of 2,086,548 shares, compared to its average volume of 1,317,208. The company has a market cap of $1.14 billion, a PE ratio of 25.55 and a beta of 1.74. 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 has a 1-year low of $9.58 and a 1-year high of $24.64. The business has a 50-day moving average of $12.98 and a 200-day moving average of $18.20.

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, hitting analysts' consensus estimates of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The business had revenue of $494.70 million during the quarter, compared to the consensus estimate of $485.74 million. During the same period last year, the firm earned ($0.30) earnings per share. The company's revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, analysts forecast that Wolverine World Wide will post 1.23 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 Friday, August 1st. Shareholders 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 yield of 2.85%. Wolverine World Wide's dividend payout ratio (DPR) is presently 72.73%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WWW. FMR LLC grew its position in Wolverine World Wide by 2.2% in the 4th quarter. FMR LLC now owns 11,766,527 shares of the textile maker's stock valued at $261,217,000 after buying an additional 249,456 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Wolverine World Wide by 0.4% in the fourth quarter. Earnest Partners LLC now owns 5,228,918 shares of the textile maker's stock valued at $116,082,000 after acquiring an additional 19,295 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Wolverine World Wide in the fourth quarter valued at approximately $64,943,000. JPMorgan Chase & Co. increased its stake in shares of Wolverine World Wide by 70.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker's stock valued at $53,854,000 after acquiring an additional 998,916 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Wolverine World Wide by 5.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker's stock worth $37,091,000 after purchasing an additional 86,475 shares in the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

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.