Wolverine World Wide - WWW Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wolverine World Wide in the last year. There are currently 6 hold ratings and 2 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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8 analysts have issued 12-month target prices for Wolverine World Wide's stock. Their WWW share price forecasts range from $12.00 to $35.00. On average, they anticipate the company's share price to reach $19.38 in the next twelve months. This suggests a possible upside of 23.6% from the stock's current price.
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Wolverine World Wide's stock was trading at $10.93 at the beginning of the year. Since then, WWW shares have increased by 43.5% and is now trading at $15.68.
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Wolverine World Wide saw a decline in short interest in January. As of January 15th, there was short interest totaling 2,600,000 shares, a decline of 15.6% from the December 31st total of 3,080,000 shares. Based on an average trading volume of 1,510,000 shares, the short-interest ratio is currently 1.7 days. Currently, 3.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Wolverine World Wide, Inc. (NYSE:WWW) posted its quarterly earnings data on Wednesday, November, 9th. The textile maker reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by $0.09. The textile maker had revenue of $691.40 million for the quarter, compared to analyst estimates of $714.89 million. Wolverine World Wide had a net margin of 5.98% and a trailing twelve-month return on equity of 24.68%.

Wolverine World Wide announced a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Monday, January 2nd will be given a dividend of $0.10 per share on Wednesday, February 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for WWW.

Wolverine World Wide (NYSE:WWW) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.47%. The dividend payout ratio is 20.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WWW will have a dividend payout ratio of 25.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WWW.

Wolverine World Wide issued an update on its FY 2022 earnings guidance on Saturday, January, 28th. The company provided EPS guidance of $1.41-$1.41 for the period, compared to the consensus EPS estimate of $1.45. The company issued revenue guidance of $2.69 billion-$2.69 billion, compared to the consensus revenue estimate of $2.68 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 retail and institutional investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (2.44%), New York State Common Retirement Fund (1.19%), Fisher Asset Management LLC (1.17%), State of New Jersey Common Pension Fund D (0.27%), Envestnet Asset Management Inc. (0.11%) and Oppenheimer Asset Management Inc. (0.11%). 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 $15.68.

Wolverine World Wide (NYSE:WWW) has a market capitalization of $1.23 billion and generates $2.41 billion in revenue each year. The textile maker earns $68.60 million in net income (profit) each year or $1.95 on an earnings per share basis.

The company employs 4,400 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.