Wolverine World Wide (NYSE:WWW) Given New $27.00 Price Target at Robert W. Baird

Wolverine World Wide (NYSE:WWWGet Free Report) had its price objective raised by analysts at Robert W. Baird from $23.00 to $27.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s price objective would suggest a potential upside of 34.73% from the stock’s current price.

Several other analysts have also recently commented on the company. Telsey Advisory Group restated a “market perform” rating and set a $18.00 target price on shares of Wolverine World Wide in a report on Friday, February 20th. UBS Group reduced their price target on shares of Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Wolverine World Wide in a research report on Monday, December 29th. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Argus reissued a “hold” rating on shares of Wolverine World Wide in a research note on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.88.

Read Our Latest Research Report on Wolverine World Wide

Wolverine World Wide Stock Performance

NYSE WWW opened at $20.04 on Friday. Wolverine World Wide has a 1-year low of $9.58 and a 1-year high of $32.80. The company has a 50 day moving average of $18.19 and a 200-day moving average of $22.09. The company has a current ratio of 1.34, a quick ratio of 0.79 and a debt-to-equity ratio of 1.40. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 19.27 and a beta of 1.91.

Wolverine World Wide (NYSE:WWWGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Wolverine World Wide had a return on equity of 31.43% and a net margin of 4.73%.The business had revenue of $517.50 million for the quarter, compared to analyst estimates of $510.49 million. During the same period in the prior year, the company earned $0.40 EPS. Wolverine World Wide’s revenue for the quarter was up 4.6% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. On average, equities analysts forecast that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wolverine World Wide

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake 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 during the last quarter. Callodine Capital Management LP lifted its stake in shares of Wolverine World Wide by 41.0% in the 2nd quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock valued at $77,700,000 after purchasing an additional 1,250,515 shares during the period. State Street Corp boosted its position in shares of Wolverine World Wide by 2.1% in the 4th quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after purchasing an additional 63,041 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Wolverine World Wide by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock worth $36,419,000 after purchasing an additional 59,304 shares during the period. Finally, Oxbow Capital Management HK Ltd acquired a new stake in shares of Wolverine World Wide during the third quarter worth $54,431,000. 90.25% of the stock is owned by institutional investors.

Key Headlines Impacting Wolverine World Wide

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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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Analyst Recommendations for Wolverine World Wide (NYSE:WWW)

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