Stryker shares tumble despite strong Q2 results and raised guidance
ROCKFORD, MI—Taryn L. Miller, the Chief Financial Officer of Wolverine World Wide Inc . (NYSE:WWW), has purchased 6,600 shares of the company’s common stock, according to a recent SEC filing. The acquisition, made on February 21, 2025, totaled approximately $100,914, with the shares bought at a weighted average price of $15.29. According to InvestingPro data, this purchase comes as the stock trades near its Fair Value, with analyst price targets ranging from $17 to $27.
The purchase was part of multiple transactions, with individual share prices ranging from $15.18 to $15.36. Following this transaction, Miller’s direct holdings in the company increased to 10,772 shares. InvestingPro analysis shows the stock is currently in oversold territory, with shares down about 18% in the past week.
Wolverine World Wide, headquartered in Rockford, Michigan, is known for its footwear products. The company, with a market capitalization of $1.2 billion, has maintained dividend payments for 38 consecutive years, currently offering a 2.62% yield.
In other recent news, Wolverine World Wide reported its fourth-quarter 2024 earnings, with an earnings per share (EPS) of $0.42, aligning with analyst expectations. The company’s revenue for the quarter was $495 million, slightly exceeding the forecast of $492.12 million. Despite meeting earnings forecasts, Wolverine World Wide’s fiscal year 2025 guidance did not meet market expectations, leading to a reduction in stock price targets by several analyst firms. UBS, Telsey Advisory Group, and Stifel all adjusted their price targets for Wolverine World Wide, with UBS setting it at $26, Telsey at $17, and Stifel at $27, while maintaining their respective ratings.
Analysts highlighted mixed brand performance, with Merrell showing modest revenue growth and Saucony facing mid-single-digit declines. The company’s efforts to manage inventory effectively, reducing it by 36%, were noted positively. Wolverine World Wide’s guidance for 2025 projects revenue growth of 2.5-4.3%, with an adjusted EPS range of $1.05 to $1.20. Analysts from UBS and Stifel expressed optimism about the company’s future performance, citing potential for Wolverine World Wide to exceed sales and earnings forecasts.
Stifel particularly emphasized the strength of the Saucony brand in the running and lifestyle segments. The company plans to continue investing in its brands and capabilities, with a focus on innovation and new product launches. Wolverine World Wide’s strategic initiatives aim to support sustainable growth and improve profitability in the coming years.
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