Wolverine World Wide’s (WWW) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Wolverine World Wide (NYSE:WWW) in a research note issued to investors on Friday,Benzinga reports. They currently have a $17.00 price objective on the textile maker’s stock. Telsey Advisory Group also issued estimates for Wolverine World Wide’s Q2 2025 earnings at $0.22 EPS, FY2025 earnings at $1.10 EPS and FY2026 earnings at $1.30 EPS.

Other equities research analysts have also recently issued reports about the stock. UBS Group raised their target price on shares of Wolverine World Wide from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Robert W. Baird lifted their target price on shares of Wolverine World Wide from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Piper Sandler cut their target price on shares of Wolverine World Wide from $27.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, Stifel Nicolaus cut their target price on shares of Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Wolverine World Wide currently has an average rating of “Moderate Buy” and a consensus target price of $19.71.

Wolverine World Wide Trading Down 6.3%

Shares of WWW opened at $15.29 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 27.80 and a beta of 1.62. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. Wolverine World Wide has a fifty-two week low of $9.58 and a fifty-two week high of $24.64. The firm has a 50 day moving average price of $13.01 and a 200-day moving average price of $18.17.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company had revenue of $412.30 million during the quarter, compared to analyst estimates of $395.94 million. During the same period in the prior year, the business posted $0.11 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Wolverine World Wide will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide’s payout ratio is currently 45.98%.

Institutional Investors Weigh In On Wolverine World Wide

Several hedge funds have recently bought and sold shares of WWW. Pacer Advisors Inc. bought a new stake in Wolverine World Wide during the fourth quarter worth about $64,943,000. JPMorgan Chase & Co. lifted its stake in shares of Wolverine World Wide by 70.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker’s stock worth $53,854,000 after buying an additional 998,916 shares in the last quarter. Capital Research Global Investors bought a new position in shares of Wolverine World Wide in the fourth quarter worth approximately $13,943,000. WCM Investment Management LLC bought a new position in shares of Wolverine World Wide in the first quarter worth approximately $7,164,000. Finally, Nuveen Asset Management LLC lifted its stake in shares of Wolverine World Wide by 179.1% in the fourth quarter. Nuveen Asset Management LLC now owns 628,338 shares of the textile maker’s stock worth $13,949,000 after buying an additional 403,176 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Company Profile

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.