Wolverine World Wide (NYSE:WWW) Releases Quarterly Earnings Results, Meets Estimates

Wolverine World Wide (NYSE:WWW) issued its quarterly earnings results on Wednesday. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42, RTT News reports. 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 analysts’ expectations of $485.74 million. During the same period last year, the firm earned ($0.30) EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Wolverine World Wide updated its FY 2025 guidance to 1.050-1.200 EPS and its FY25 guidance to $1.05-1.20 EPS.

Wolverine World Wide Stock Performance

Shares of Wolverine World Wide stock traded up $0.18 during trading on Friday, reaching $15.40. The company’s stock had a trading volume of 210,929 shares, compared to its average volume of 1,293,657. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. The business’s fifty day moving average price is $21.88 and its 200-day moving average price is $18.78. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 27.99 and a beta of 1.88. Wolverine World Wide has a one year low of $9.06 and a one year high of $24.64.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.10 dividend. 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 2.60%. Wolverine World Wide’s payout ratio is presently 72.73%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WWW. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of Wolverine World Wide in a report on Wednesday. Robert W. Baird decreased their target price on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, UBS Group decreased their target price on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Insider Transactions at Wolverine World Wide

In related news, insider Isabel Soriano sold 7,687 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the transaction, the insider now directly owns 34,206 shares in the company, valued at $806,235.42. The trade was a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.28% of the stock is currently owned by corporate insiders.

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.