Seaport Res Ptn Has Negative Outlook of WWW FY2025 Earnings

Wolverine World Wide, Inc. (NYSE:WWW) – Analysts at Seaport Res Ptn lowered their FY2025 earnings per share (EPS) estimates for Wolverine World Wide in a research report issued to clients and investors on Monday, February 10th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will post earnings per share of $1.35 for the year, down from their previous forecast of $1.48. The consensus estimate for Wolverine World Wide’s current full-year earnings is $0.90 per share. Seaport Res Ptn also issued estimates for Wolverine World Wide’s FY2026 earnings at $1.73 EPS.

A number of other equities analysts have also recently weighed in on WWW. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price target for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday. 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. 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 presently has an average rating of “Moderate Buy” and an average target price of $20.38.

Wolverine World Wide Price Performance

WWW stock opened at $18.39 on Thursday. The firm has a market cap of $1.47 billion, a P/E ratio of -20.66 and a beta of 1.88. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. Wolverine World Wide has a 1 year low of $8.25 and a 1 year high of $24.64. The stock has a 50-day simple moving average of $22.67 and a 200-day simple moving average of $18.68.

Wolverine World Wide Announces Dividend

The business 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 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 yield of 2.18%. Wolverine World Wide’s dividend payout ratio (DPR) is -44.94%.

Insiders Place Their Bets

In other news, insider Isabel Soriano sold 7,687 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the transaction, the insider now owns 34,206 shares of the company’s stock, valued at approximately $806,235.42. This trade represents a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.28% of the stock is owned by company insiders.

Institutional Trading of Wolverine World Wide

Several hedge funds and other institutional investors have recently bought and sold shares of WWW. Pacer Advisors Inc. bought a new position in Wolverine World Wide during the 4th quarter worth approximately $64,943,000. JPMorgan Chase & Co. raised its position in shares of Wolverine World Wide by 1,263.0% during the 3rd 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 bought a new position in Wolverine World Wide during the third quarter worth $10,974,000. Jacobs Levy Equity Management Inc. boosted its holdings in Wolverine World Wide by 51.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock worth $17,324,000 after purchasing an additional 335,669 shares during the period. Finally, Barclays PLC increased its stake in Wolverine World Wide by 767.1% during the third quarter. Barclays PLC now owns 250,830 shares of the textile maker’s stock valued at $4,368,000 after purchasing an additional 221,904 shares during the last quarter. 90.25% of the stock is owned by institutional investors.

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.