Wolverine World Wide (NYSE:WWW – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.
WWW has been the topic of several other reports. Seaport Research Partners reissued a “buy” rating and set a $30.00 target price on shares of Wolverine World Wide in a research note on Friday, August 14th. Williams Trading set a $20.00 price target on Wolverine World Wide in a research note on Wednesday, August 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Wolverine World Wide in a report on Tuesday, September 8th. UBS Group boosted their price objective on shares of Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, KeyCorp restated an “overweight” rating and issued a $25.00 price objective on shares of Wolverine World Wide in a report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Wolverine World Wide presently has a consensus rating of “Hold” and an average price target of $23.11.
Get Our Latest Research Report on WWW
Wolverine World Wide Trading Down 0.2%
Shares of WWW opened at $19.20 on Friday. The stock has a market capitalization of $1.58 billion, a P/E ratio of 14.89, a PEG ratio of 1.30 and a beta of 1.69. Wolverine World Wide has a twelve month low of $13.47 and a twelve month high of $27.73. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17. The firm has a fifty day simple moving average of $19.67 and a two-hundred day simple moving average of $17.93.
Wolverine World Wide (NYSE:WWW – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $506.40 million during the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. On average, research analysts anticipate that Wolverine World Wide will post 1.64 EPS for the current year.
Institutional Investors Weigh In On Wolverine World Wide
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Wolverine World Wide during the second quarter valued at $204,878,000. Wellington Management Group LLP grew its position in shares of Wolverine World Wide by 3.4% in the 2nd quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker’s stock worth $74,852,000 after buying an additional 146,791 shares during the period. Callodine Capital Management LP grew its position in shares of Wolverine World Wide by 27.8% in the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after buying an additional 980,839 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Wolverine World Wide by 21.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,797,577 shares of the textile maker’s stock worth $29,333,000 after acquiring an additional 313,883 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Wolverine World Wide in the 2nd quarter worth about $13,557,000. 90.25% of the stock is owned by hedge funds and other institutional investors.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc is a global footwear and apparel company headquartered in Rockford, Michigan. Founded in 1883, the company designs, manufactures, sources, markets and licenses footwear, clothing and accessories for consumers and workers around the world.
Its brand portfolio includes Merrell, known for outdoor and hiking footwear; Saucony, which focuses on running and athletic shoes; Wolverine, a work and lifestyle brand; Hush Puppies; Chaco; Bates; and other licensed or owned footwear brands.
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