Wolverine World Wide (WWW) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wolverine World Wide in the last twelve months. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WWW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WWW, but not buy additional shares or sell existing shares.
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9 brokers have issued twelve-month target prices for Wolverine World Wide's stock. Their WWW share price forecasts range from $13.00 to $24.00. On average, they anticipate the company's share price to reach $16.00 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for WWW or view top-rated stocks among Wall Street analysts.

Wolverine World Wide's stock was trading at $10.93 at the beginning of the year. Since then, WWW stock has increased by 31.9% and is now trading at $14.42.
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Wolverine World Wide saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,510,000 shares, an increase of 12.4% from the April 15th total of 4,900,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is presently 4.5 days. Approximately 7.2% of the shares of the company are short sold.
View Wolverine World Wide's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our WWW earnings forecast.

Wolverine World Wide, Inc. (NYSE:WWW) issued its quarterly earnings data on Wednesday, February, 22nd. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.01. The textile maker had revenue of $665 million for the quarter, compared to the consensus estimate of $665.04 million. Wolverine World Wide had a positive trailing twelve-month return on equity of 17.61% and a negative net margin of 6.71%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS.

Wolverine World Wide announced a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Monday, July 3rd will be given a dividend of $0.10 per share on Tuesday, August 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, June 30th.
Read our dividend analysis for WWW.

ETFs with the largest weight of Wolverine World Wide (NYSE:WWW) stock in their portfolio include Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), First Trust Small Cap Value AlphaDEX Fund (FYT), Cultivar ETF (CVAR), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Small Cap US Equity Select ETF (RNSC),

Wolverine World Wide (NYSE:WWW) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.83%.
Read our dividend analysis for WWW.

Wolverine World Wide updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of $1.40-$1.60 for the period, compared to the consensus estimate of $1.46. The company issued revenue guidance of $2.53 billion-$2.58 billion, compared to the consensus revenue estimate of $2.55 billion.

183 employees have rated Wolverine World Wide Chief Executive Officer Blake W. Krueger on Glassdoor.com. Blake W. Krueger has an approval rating of 33% among the company's employees. This puts Blake W. Krueger in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 37.0% of employees surveyed would recommend working at Wolverine World Wide to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wolverine World Wide investors own include Wendy's (WEN), Walgreens Boots Alliance (WBA), Carnival Co. & (CCL), Xerox (XRX), Cheesecake Factory (CAKE), Fifth Third Bancorp (FITB), Andersons (ANDE), AON (AON) and General Electric (GE).

Wolverine World Wide trades on the New York Stock Exchange (NYSE) under the ticker symbol "WWW."

Wolverine World Wide's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.36%), FMR LLC (12.17%), State Street Corp (3.71%), Dimensional Fund Advisors LP (2.59%), Arrowstreet Capital Limited Partnership (2.11%) and Diamond Hill Capital Management Inc. (1.93%). Insiders that own company stock include Amy M Klimek, Blake W Krueger, Brenda J Lauderback, Brendan Hoffman, Christopher Hufnagel, James D Zwiers, Jeffrey M Boromisa, Joelle Grunberg, Kyle Hanson, Michael A Volkema, Michael D Stornant, Michael Jeppesen, Nicholas T Long and William K Gerber.
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Shares of WWW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WWW stock can currently be purchased for approximately $14.42.

Wolverine World Wide (NYSE:WWW) has a market capitalization of $1.15 billion and generates $2.68 billion in revenue each year. The textile maker earns $-188,300,000.00 in net income (profit) each year or ($2.35) on an earnings per share basis.

The company employs 4,300 workers across the globe.

Wolverine World Wide's mailing address is 9341 COURTLAND DRIVE N.E., ROCKFORD MI, 49351. The official website for the company is www.wolverineworldwide.com. The textile maker can be reached via phone at (616) 866-5500, via email at investor.relations@wwwinc.com, or via fax at 616-866-5550.