Wolverine World Wide - WWW Stock Forecast, Price & News

9 Wall Street research 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 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.
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9 brokerages have issued 12-month price objectives for Wolverine World Wide's stock. Their WWW share price forecasts range from $12.00 to $29.00. On average, they predict the company's share price to reach $17.14 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
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Wolverine World Wide's stock was trading at $10.93 on January 1st, 2023. Since then, WWW stock has increased by 46.9% and is now trading at $16.06.
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Wolverine World Wide saw a increase in short interest in February. As of February 15th, there was short interest totaling 4,860,000 shares, an increase of 22.7% from the January 31st total of 3,960,000 shares. Based on an average trading volume of 1,560,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 6.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
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Wolverine World Wide, Inc. (NYSE:WWW) issued its quarterly earnings results on Wednesday, February, 22nd. The textile maker reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by $0.01. The textile maker earned $665 million during the quarter, compared to the consensus estimate of $665.04 million. Wolverine World Wide had a negative net margin of 7.01% and a positive trailing twelve-month return on equity of 19.99%. Wolverine World Wide's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS.

Wolverine World Wide declared a quarterly dividend on Wednesday, February 8th. Investors of record on Monday, April 3rd will be given a dividend of $0.10 per share on Monday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, March 31st.
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), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Small Cap US Equity Select ETF (RNSC) and First Trust Small Cap Core AlphaDEX Fund (FYX).

Wolverine World Wide (NYSE:WWW) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.51%.
Read our dividend analysis for WWW.

Wolverine World Wide updated its FY23 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share guidance of $1.40-1.60 for the period, compared to the consensus estimate of $1.61. The company issued revenue guidance of $2.53-2.58 billion, compared to the consensus revenue estimate of $2.72 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), Conduent (CNDT), 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 many different institutional and retail investors. Top institutional investors include Earnest Partners LLC (8.19%), Morgan Stanley (3.87%), Bank of America Corp DE (3.69%), Diamond Hill Capital Management Inc. (2.44%), Dimensional Fund Advisors LP (2.34%) and Geode Capital Management LLC (1.76%). 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 $16.06.

Wolverine World Wide (NYSE:WWW) has a market capitalization of $1.28 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 ($2.46) 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.