Research Analysts Offer Predictions for WWW FY2027 Earnings

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

WWW has been the topic of several other reports. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target on shares of Wolverine World Wide in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Wolverine World Wide has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $18.87 on Wednesday. The stock’s 50-day simple moving average is $22.56 and its 200-day simple moving average is $18.67. The firm has a market capitalization of $1.51 billion, a PE ratio of -21.20 and a beta of 1.88. Wolverine World Wide has a fifty-two week low of $8.25 and a fifty-two week high of $24.64. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23.

Institutional Investors Weigh In On Wolverine World Wide

Several large investors have recently modified their holdings of the stock. Pacer Advisors Inc. purchased a new position in Wolverine World Wide in the 4th quarter valued at $64,943,000. JPMorgan Chase & Co. boosted its holdings in shares of Wolverine World Wide by 1,263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock valued at $24,857,000 after acquiring an additional 1,322,254 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Wolverine World Wide in the third quarter valued at about $10,974,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Wolverine World Wide by 51.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock worth $17,324,000 after acquiring an additional 335,669 shares during the period. Finally, FMR LLC raised its holdings in Wolverine World Wide by 2.2% during the fourth quarter. FMR LLC now owns 11,766,527 shares of the textile maker’s stock worth $261,217,000 after purchasing an additional 249,456 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Activity

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of Wolverine World Wide stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.57, for a total value of $181,182.59. Following the transaction, the insider now directly owns 34,206 shares in the company, valued at approximately $806,235.42. This trade represents a 18.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.28% of the company’s stock.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.12%. Wolverine World Wide’s dividend payout ratio 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.