Brokers Offer Predictions for WWW Q1 Earnings

Wolverine World Wide, Inc. (NYSE:WWW) – Investment analysts at Seaport Res Ptn issued their Q1 2025 earnings per share (EPS) estimates for shares of Wolverine World Wide in a note issued to investors on Wednesday, February 19th. Seaport Res Ptn analyst M. Kummetz expects that the textile maker will earn $0.10 per share for the quarter. The consensus estimate for Wolverine World Wide’s current full-year earnings is $1.23 per share.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The company had revenue of $494.70 million during the quarter, compared to the consensus estimate of $485.74 million. During the same quarter last year, the company earned ($0.30) EPS. The company’s quarterly revenue was down 6.1% on a year-over-year basis.

Several other research firms have also recently weighed in on WWW. UBS Group reduced their price objective on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. 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, February 19th. Robert W. Baird reduced their price target on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. 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 research report on Wednesday, December 11th. Finally, StockNews.com lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.50.

Wolverine World Wide Trading Down 1.8 %

NYSE WWW opened at $15.00 on Monday. Wolverine World Wide has a 12 month low of $9.06 and a 12 month high of $24.64. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $1.20 billion, a PE ratio of 27.26 and a beta of 1.88. The stock has a 50-day simple moving average of $21.55 and a 200 day simple moving average of $18.88.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.67%. Wolverine World Wide’s dividend payout ratio (DPR) is currently 72.73%.

Hedge Funds Weigh In On Wolverine World Wide

A number of large investors have recently made changes to their positions in WWW. US Bancorp DE increased its stake in shares of Wolverine World Wide by 487.8% during the third quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock worth $641,000 after purchasing an additional 30,519 shares during the period. GSA Capital Partners LLP grew its position in Wolverine World Wide by 33.9% during the third quarter. GSA Capital Partners LLP now owns 96,615 shares of the textile maker’s stock worth $1,683,000 after buying an additional 24,477 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Wolverine World Wide during the third quarter worth approximately $195,000. Oppenheimer Asset Management Inc. grew its position in Wolverine World Wide by 5.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 145,860 shares of the textile maker’s stock worth $2,541,000 after buying an additional 7,577 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Wolverine World Wide by 20.5% during the third quarter. Natixis Advisors LLC now owns 27,573 shares of the textile maker’s stock worth $480,000 after buying an additional 4,694 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.