FY2027 Earnings Estimate for WWW Issued By Seaport Res Ptn

Wolverine World Wide, Inc. (NYSE:WWW) – Equities research analysts at Seaport Res Ptn issued their FY2027 EPS estimates for Wolverine World Wide in a research note issued to investors on Monday, February 10th. Seaport Res Ptn analyst M. Kummetz forecasts that the textile maker will post earnings of $2.12 per share for the year. The consensus estimate for Wolverine World Wide’s current full-year earnings is $0.90 per share.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price target for the company from $21.00 to $29.00 in a report on Wednesday, December 11th. StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a research report on Wednesday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.38.

Wolverine World Wide Trading Up 2.5 %

WWW opened at $18.87 on Wednesday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -21.20 and a beta of 1.88. The company’s 50 day simple moving average is $22.56 and its two-hundred day simple moving average is $18.67. Wolverine World Wide has a 1-year low of $8.25 and a 1-year high of $24.64. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77.

Institutional Investors Weigh In On Wolverine World Wide

Several institutional investors and hedge funds have recently modified their holdings of the company. Zacks Investment Management acquired a new position in Wolverine World Wide in the 4th quarter valued at about $1,831,000. Walleye Capital LLC boosted its stake in shares of Wolverine World Wide by 4,043.8% in the fourth quarter. Walleye Capital LLC now owns 12,017 shares of the textile maker’s stock valued at $267,000 after purchasing an additional 11,727 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Wolverine World Wide by 7.5% in the fourth quarter. Ameritas Investment Partners Inc. now owns 8,305 shares of the textile maker’s stock valued at $184,000 after purchasing an additional 581 shares during the period. Optimize Financial Inc acquired a new position in shares of Wolverine World Wide in the fourth quarter valued at approximately $802,000. Finally, CenterBook Partners LP purchased a new stake in Wolverine World Wide during the 4th quarter worth approximately $489,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Buying and Selling at Wolverine World Wide

In other news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the transaction, the insider now directly owns 34,206 shares in the company, valued at $806,235.42. This trade represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.28% of the company’s stock.

Wolverine World Wide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently -44.94%.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.