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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wolverine World Wide in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.
View WWW analyst ratings or view top-rated stocks.

10 brokers have issued 1-year price objectives for Wolverine World Wide's stock. Their WWW share price forecasts range from $9.00 to $15.00. On average, they predict the company's share price to reach $11.89 in the next twelve months. This suggests a possible upside of 51.8% 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 on January 1st, 2023. Since then, WWW stock has decreased by 28.4% and is now trading at $7.83.
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Wolverine World Wide saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,800,000 shares, an increase of 22.8% from the August 15th total of 3,910,000 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is currently 4.4 days. Currently, 6.2% of the shares of the stock are sold short.
View Wolverine World Wide's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our WWW earnings forecast.

Wolverine World Wide, Inc. (NYSE:WWW) issued its quarterly earnings results on Thursday, August, 10th. The textile maker reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The textile maker had revenue of $589.10 million for the quarter, compared to analyst estimates of $582.97 million. Wolverine World Wide had a negative net margin of 10.99% and a positive trailing twelve-month return on equity of 11.70%. Wolverine World Wide's revenue for the quarter was down 17.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS.

Wolverine World Wide declared a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.10 per share on Wednesday, November 1st. This represents a $0.40 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Friday, September 29th.
Read our dividend analysis for WWW.

Invesco S&P SmallCap 600 Pure Value ETF holds 190,600 shares of WWW stock, representing 0.93% of its portfolio.

Wolverine World Wide (NYSE:WWW) pays an annual dividend of $0.40 per share and currently has a dividend yield of 4.71%. WWW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for WWW.

Wolverine World Wide issued an update on its FY23 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of $0.45-$0.55 for the period, compared to the consensus EPS estimate of $1.42. The company issued revenue guidance of $2.26-$2.28 billion, compared to the consensus revenue estimate of $2.51 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. (15.44%), Earnest Partners LLC (6.93%), State Street Corp (3.72%), Dimensional Fund Advisors LP (2.38%), Geode Capital Management LLC (1.92%) and Vaughan Nelson Investment Management L.P. (1.90%). 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 $7.83.

Wolverine World Wide (NYSE:WWW) has a market capitalization of $622.56 million and generates $2.68 billion in revenue each year. The textile maker earns $-188,300,000.00 in net income (profit) each year or ($3.58) 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.