Wolverine World Wide director acquires $535,500 in stock

Price DeMonty, a director at Wolverine World Wide Inc . (NYSE:WWW), recently acquired 35,000 shares of the company’s common stock, according to a recent SEC filing. The timing is notable as the stock has declined 18% in the past week, though it maintains a strong 59% gain over the past year. InvestingPro analysis indicates the stock is currently in oversold territory. The shares were bought at a price of $15.30 each, totaling an investment of approximately $535,500. The transaction was executed on February 21, 2025, and the shares are held by the Price Family Trust, where DeMonty and his wife serve as trustees. This acquisition adds to DeMonty’s holdings in the company, reflecting continued confidence in Wolverine World Wide’s prospects. The company has maintained dividend payments for 38 consecutive years, with analysts setting price targets ranging from $17 to $27. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.

In other recent news, Wolverine World Wide reported its fourth-quarter 2024 earnings, meeting analyst expectations with an earnings per share (EPS) of $0.42 and slightly surpassing revenue forecasts at $495 million. Despite this, the company’s outlook for fiscal year 2025 did not meet market expectations, leading to a notable stock decline. Analysts at Telsey Advisory Group, UBS, and Stifel have adjusted their price targets for Wolverine, with Telsey cutting its target to $17 and maintaining a Market Perform rating, UBS lowering its target to $26 while retaining a Buy rating, and Stifel reducing its target to $27 with a continued Buy rating.

The company’s fiscal year 2025 guidance projects revenue growth of 2.5-4.3%, with a focus on innovation and new product launches. Wolverine’s leading brands, such as Merrell and Saucony, were highlighted for their contributions to the company’s recovery efforts, despite some mixed results across its brand portfolio. Analysts have noted Wolverine’s effective inventory management and efforts to reduce debt as positive steps toward strengthening its balance sheet.

While the company anticipates challenges from foreign exchange headwinds and macroeconomic factors, analysts like UBS’s Jay Sole remain optimistic about Wolverine’s long-term prospects, citing potential for earnings per share growth and improved operating margins. Stifel analysts also expressed confidence in Wolverine’s conservative guidance for 2025, suggesting room for upward revisions. The company’s strategic focus on its Active brands is expected to drive sustained top-line growth.

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