Q1 Earnings Estimate for WWW Issued By Seaport Res Ptn

Wolverine World Wide, Inc. (NYSE:WWW) – Equities researchers at Seaport Res Ptn issued their Q1 2025 earnings per share estimates for shares of Wolverine World Wide in a research report issued on Wednesday, February 19th. Seaport Res Ptn analyst M. Kummetz forecasts 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 released its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $485.74 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The firm’s revenue was down 6.1% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and upped their target price for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. Robert W. Baird dropped their price target on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. UBS Group lowered their target price on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Wolverine World Wide Stock Performance

Wolverine World Wide stock opened at $15.16 on Monday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 27.55 and a beta of 1.88. The stock has a fifty day moving average price of $21.71 and a 200 day moving average price of $18.82. Wolverine World Wide has a 52 week low of $9.06 and a 52 week 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.

Institutional Investors Weigh In On Wolverine World Wide

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Wolverine World Wide in the 4th quarter valued at about $25,000. Signaturefd LLC raised its holdings in Wolverine World Wide by 88.8% in the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 682 shares during the period. Natixis bought a new position in Wolverine World Wide in the 4th quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Wolverine World Wide in the 4th quarter valued at about $64,000. Finally, KBC Group NV increased its holdings in shares of Wolverine World Wide by 43.8% during the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,311 shares during the period. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 annualized dividend and a yield of 2.64%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.

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.