Key Points
- Director Brenda Lauderback sold 5,500 shares of Wolverine World Wide on May 21 at an average price of $15.88, totaling about $87,340. After the sale, she still held 54,202 shares.
- Wolverine World Wide beat earnings expectations for the latest quarter, reporting $0.25 EPS versus the $0.22 consensus and revenue of $457.6 million, up 11% year over year.
- The company declared a quarterly dividend of $0.10 per share, payable August 3, which implies an annualized yield of about 2.4%.
Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) Director Brenda Lauderback sold 5,500 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the sale, the director directly owned 54,202 shares in the company, valued at $860,727.76. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Wolverine World Wide Trading Up 1.7%
Shares of WWW opened at $16.45 on Friday. The firm's 50 day simple moving average is $16.61 and its 200 day simple moving average is $17.28. The company has a market capitalization of $1.35 billion, a P/E ratio of 13.26 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89. Wolverine World Wide, Inc. has a 1-year low of $13.47 and a 1-year high of $32.80.
Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. The business had revenue of $457.60 million for the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. Wolverine World Wide's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Sell-side analysts forecast that Wolverine World Wide, Inc. will post 1.54 earnings per share for the current fiscal year.
Wolverine World Wide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.4%. Wolverine World Wide's dividend payout ratio (DPR) is 32.26%.
Analyst Ratings Changes
WWW has been the topic of several research reports. Argus reissued a "hold" rating on shares of Wolverine World Wide in a research note on Friday, January 23rd. Wall Street Zen raised shares of Wolverine World Wide from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Telsey Advisory Group decreased their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a "market perform" rating on the stock in a research note on Friday, May 15th. Robert W. Baird decreased their target price on shares of Wolverine World Wide from $27.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, May 15th. Finally, Zacks Research raised shares of Wolverine World Wide from a "strong sell" rating to a "hold" rating in a research note on Friday, February 27th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Wolverine World Wide presently has an average rating of "Hold" and a consensus target price of $21.75.
Read Our Latest Analysis on Wolverine World Wide
Institutional Trading of Wolverine World Wide
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Wolverine World Wide by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker's stock valued at $163,146,000 after acquiring an additional 353,808 shares in the last quarter. Callodine Capital Management LP boosted its holdings in Wolverine World Wide by 27.8% in the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker's stock valued at $73,524,000 after acquiring an additional 980,839 shares in the last quarter. State Street Corp boosted its holdings in Wolverine World Wide by 2.1% in the fourth quarter. State Street Corp now owns 3,100,339 shares of the textile maker's stock valued at $56,271,000 after acquiring an additional 63,041 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Wolverine World Wide by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker's stock valued at $36,419,000 after acquiring an additional 59,304 shares in the last quarter. Finally, Oxbow Capital Management HK Ltd bought a new stake in Wolverine World Wide in the third quarter valued at $54,431,000. Institutional investors own 90.25% of the company's stock.
About Wolverine World Wide
(
Get Free Report)
Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide's offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.
Key brands in Wolverine World Wide's portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort‐oriented line; and Keds, a heritage sneaker label.
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