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NYSE:WWW

Wolverine World Wide - WWW Stock Forecast, Price & News

$16.09
+0.03 (+0.19%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$15.91
$16.31
50-Day Range
$13.39
$16.97
52-Week Range
$9.60
$24.10
Volume
1.17 million shs
Average Volume
1.49 million shs
Market Capitalization
$1.28 billion
P/E Ratio
N/A
Dividend Yield
2.49%
Price Target
$17.14

Wolverine World Wide MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
6.5% Upside
$17.14 Price Target
Short Interest
Bearish
6.30% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.21
Upright™ Environmental Score
News Sentiment
0.58mentions of Wolverine World Wide in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$161,300 Bought Last Quarter
Proj. Earnings Growth
45.10%
From $1.53 to $2.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.83 out of 5 stars

Consumer Discretionary Sector

211th out of 262 stocks

Footwear, Except Rubber Industry

5th out of 5 stocks


WWW stock logo

About Wolverine World Wide (NYSE:WWW) Stock

Wolverine World Wide, Inc. engages in the design, manufacture, and sale of branded casual, active lifestyle, work, outdoor sport, athletic, uniform, footwear, and apparel. It operates through the following segments: Wolverine Michigan Group and Wolverine Boston Group. The Wolverine Michigan Group consists of Merrell, Cat, Chaco, Hush Puppies, Bates uniform, Harley-Davidson and Hytest safety footwear and apparel. The Wolverine Boston Group consists of Sperry, Saucony , Keds, and the Kids footwear business, which includes the Stride Rite licensed business, as well as kids' footwear offerings from Saucony, Sperry, Keds, Merrell, Hush Puppies, and Cat. The company was founded by G. A. Krause in 1883 and is headquartered in Rockford, MI.

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WWW Stock News Headlines

Foot Locker: Slow And Steady Wins The Race (WWW)
Footlocker moves up on solid results and plans to reset the business. Earnings will be tepid in 2023 but growth should resume in 2024.
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
Footwear Market 2023 Size and Forecast to 2031
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
Wolverine World Wide ($WWW) Trading Report
Analyst Expectations for Wolverine World Wide's Future
See More Headlines
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WWW Company Calendar

Ex-Dividend for 2/1 Dividend
12/29/2022
Dividend Payable
2/01/2023
Last Earnings
2/22/2023
Today
3/29/2023
Ex-Dividend for 5/1 Dividend
3/31/2023
Dividend Payable
5/01/2023
Next Earnings (Estimated)
5/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Footwear, except rubber
Sub-Industry
Footwear
CUSIP
97809710
Employees
4,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.14
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+6.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$-188,300,000.00
Pretax Margin
-9.42%

Debt

Sales & Book Value

Annual Sales
$2.68 billion
Cash Flow
$1.88 per share
Book Value
$4.30 per share

Miscellaneous

Free Float
75,926,000
Market Cap
$1.28 billion
Optionable
Optionable
Beta
1.65

Key Executives

  • Brendan L. Hoffman
    President, Chief Executive Officer & Director
  • James David ZwiersJames David Zwiers
    Group President-Global Operations
  • Michael D. StornantMichael D. Stornant
    Chief Financial Officer, Treasurer & Senior VP
  • Angelo Ng
    Chief Merchant Officer & Senior Vice President
  • Dee Slater
    Chief Investment Officer & SVP-Central Services













WWW Stock - Frequently Asked Questions

Should I buy or sell Wolverine World Wide stock right now?

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.
View WWW analyst ratings
or view top-rated stocks.

What is Wolverine World Wide's stock price forecast for 2023?

9 brokerages have issued 12 month price objectives for Wolverine World Wide's shares. Their WWW share price forecasts range from $12.00 to $29.00. On average, they expect the company's share price to reach $17.14 in the next year. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for WWW
or view top-rated stocks among Wall Street analysts.

How have WWW shares performed in 2023?

Wolverine World Wide's stock was trading at $10.93 on January 1st, 2023. Since then, WWW shares have increased by 47.2% and is now trading at $16.09.
View the best growth stocks for 2023 here
.

Are investors shorting Wolverine World Wide?

Wolverine World Wide saw a increase in short interest during the month of 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. Currently, 6.4% of the shares of the stock are sold short.
View Wolverine World Wide's Short Interest
.

When is Wolverine World Wide's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
View our WWW earnings forecast
.

How were Wolverine World Wide's earnings last quarter?

Wolverine World Wide, Inc. (NYSE:WWW) released its 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 had revenue of $665 million for the quarter, compared to analyst estimates of $665.04 million. Wolverine World Wide had a positive trailing twelve-month return on equity of 19.99% and a negative net margin of 7.01%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share.

How often does Wolverine World Wide pay dividends? What is the dividend yield for Wolverine World Wide?

Wolverine World Wide announced a quarterly dividend on Wednesday, February 8th. Investors of record on Monday, April 3rd will be paid 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 is Friday, March 31st.
Read our dividend analysis for WWW
.

Is Wolverine World Wide a good dividend stock?

Wolverine World Wide (NYSE:WWW) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.49%.
Read our dividend analysis for WWW.

What guidance has Wolverine World Wide issued on next quarter's earnings?

Wolverine World Wide updated its FY23 earnings guidance on Wednesday, February, 22nd. The company provided EPS guidance of $1.40-1.60 for the period, compared to the consensus EPS 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.

What is Blake W. Krueger's approval rating as Wolverine World Wide's CEO?

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.

What other stocks do shareholders of Wolverine World Wide own?

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).

What is Wolverine World Wide's stock symbol?

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

Who are Wolverine World Wide's major shareholders?

Wolverine World Wide's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends
.

How do I buy shares of Wolverine World Wide?

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.
Compare Top Brokerages Here.

What is Wolverine World Wide's stock price today?

One share of WWW stock can currently be purchased for approximately $16.09.

How much money does Wolverine World Wide make?

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.

How many employees does Wolverine World Wide have?

The company employs 4,300 workers across the globe.

How can I contact Wolverine World Wide?

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.

This page (NYSE:WWW) was last updated on 3/30/2023 by MarketBeat.com Staff