What is Seaport Res Ptn’s Forecast for WWW FY2025 Earnings?

Wolverine World Wide, Inc. (NYSE:WWW) – Stock analysts at Seaport Res Ptn cut their FY2025 earnings per share estimates for Wolverine World Wide in a report released on Monday, February 10th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will earn $1.35 per share for the year, down from their previous estimate 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 research analysts have also recently issued reports on the company. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Wolverine World Wide in a research report on Wednesday. Finally, Stifel Nicolaus upgraded shares of 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. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Wolverine World Wide presently has a consensus rating of “Moderate Buy” and an average price target of $20.38.

Wolverine World Wide Trading Down 10.3 %

NYSE:WWW opened at $18.39 on Thursday. The firm has a market capitalization of $1.47 billion, a P/E ratio of -20.66 and a beta of 1.88. The business has a 50 day simple moving average of $22.67 and a 200 day simple moving average of $18.68. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. Wolverine World Wide has a 12-month low of $8.25 and a 12-month high of $24.64.

Wolverine World Wide Dividend Announcement

The business also recently declared 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is currently -44.94%.

Insider Activity

In other news, insider Isabel Soriano sold 7,687 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.57, for a total value of $181,182.59. Following the sale, the insider now owns 34,206 shares of the company’s stock, valued at approximately $806,235.42. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.28% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new stake in Wolverine World Wide in the 4th quarter valued at about $64,943,000. JPMorgan Chase & Co. raised its holdings in shares of Wolverine World Wide by 1,263.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock worth $24,857,000 after purchasing an additional 1,322,254 shares in the last quarter. Jennison Associates LLC acquired a new stake in Wolverine World Wide during the third quarter valued at approximately $10,974,000. Jacobs Levy Equity Management Inc. boosted its holdings in Wolverine World Wide by 51.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock worth $17,324,000 after buying an additional 335,669 shares in the last quarter. Finally, Barclays PLC grew its position in Wolverine World Wide by 767.1% in the third quarter. Barclays PLC now owns 250,830 shares of the textile maker’s stock worth $4,368,000 after buying an additional 221,904 shares during the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

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.