FY2027 Earnings Estimate for WWW Issued By Seaport Res Ptn

Wolverine World Wide, Inc. (NYSE:WWW) – Investment analysts at Seaport Res Ptn issued their FY2027 earnings per share estimates for Wolverine World Wide in a research report issued on Monday, February 10th. Seaport Res Ptn analyst M. Kummetz expects 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 analysts also recently commented on WWW. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price objective for the company from $21.00 to $29.00 in a research note on Wednesday, December 11th. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective 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 issued a buy rating to the stock. According to MarketBeat.com, Wolverine World Wide currently has an average rating of “Moderate Buy” and an average target price of $20.38.

Wolverine World Wide Trading Down 1.4 %

WWW opened at $20.50 on Wednesday. The company has a market cap of $1.64 billion, a P/E ratio of -23.03 and a beta of 1.88. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. The company’s 50 day moving average is $22.73 and its 200-day moving average is $18.63. Wolverine World Wide has a 1-year low of $8.25 and a 1-year high of $24.64.

Institutional Investors Weigh In On Wolverine World Wide

A number of institutional investors have recently modified their holdings of WWW. JPMorgan Chase & Co. raised its stake in Wolverine World Wide by 70.0% during 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 during the last quarter. Prudential Financial Inc. boosted its position in Wolverine World Wide by 16.5% during the fourth quarter. Prudential Financial Inc. now owns 521,935 shares of the textile maker’s stock valued at $11,587,000 after acquiring an additional 74,090 shares during the last quarter. LPL Financial LLC acquired a new stake in Wolverine World Wide during the 4th quarter worth about $378,000. KLP Kapitalforvaltning AS bought a new position in shares of Wolverine World Wide in the 4th quarter worth about $355,000. Finally, AXQ Capital LP acquired a new position in shares of Wolverine World Wide in the 4th quarter valued at about $310,000. 90.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 owns 34,206 shares in the company, valued at approximately $806,235.42. This trade represents a 18.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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. Investors of record on Tuesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is currently -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.