Wolverine World Wide (NYSE:WWW) Stock Gets Price Target Bump from KeyCorp

Wolverine World Wide (NYSE:WWW) had its price target lifted by research analysts at KeyCorp from $25.00 to $27.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. KeyCorp‘s target price suggests a potential upside of 18.17% from the company’s current price.

A number of other brokerages have also commented on WWW. Telsey Advisory Group restated a “market perform” rating and set a $21.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th. Seaport Research Partners reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 14th. Robert W. Baird raised their price objective on shares of Wolverine World Wide from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Finally, Zacks Research downgraded shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 30th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Wolverine World Wide has a consensus rating of “Hold” and an average target price of $23.89.

Wolverine World Wide Trading Up 4.2%

NYSE WWW opened at $22.85 on Friday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.48 and a beta of 1.67. Wolverine World Wide has a 52 week low of $14.00 and a 52 week high of $23.84. The business has a 50 day moving average price of $20.00 and a 200-day moving average price of $18.25. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Thursday, November 12th. The textile maker reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.33. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The company had revenue of $505.40 million for the quarter, compared to analyst estimates of $500.08 million. During the same period in the prior year, the firm earned $0.36 earnings per share. Wolverine World Wide’s revenue for the quarter was up 7.5% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.950-1.990 EPS. As a group, equities analysts expect that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wolverine World Wide

Hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Wolverine World Wide in the second quarter valued at approximately $204,878,000. Wellington Management Group LLP increased its position in shares of Wolverine World Wide by 3.4% during the second quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker’s stock valued at $74,852,000 after acquiring an additional 146,791 shares during the last quarter. Callodine Capital Management LP lifted its holdings in Wolverine World Wide by 27.8% during the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after acquiring an additional 980,839 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Wolverine World Wide by 21.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,797,577 shares of the textile maker’s stock worth $29,333,000 after acquiring an additional 313,883 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Wolverine World Wide during the second quarter worth $13,557,000. Institutional investors own 90.25% of the company’s stock.

Key Headlines Impacting Wolverine World Wide

These are some of the WWW headlines that stood out recently:

• Positive Sentiment: Wolverine reported Q3 adjusted earnings of $0.79 per share, well above the $0.46 analyst consensus and up from $0.36 a year earlier. Revenue rose 7.5% year over year to $505.4 million, also topping estimates. MarketWatch article
• Positive Sentiment: Reports pointed to strong Saucony growth as a contributor to sales momentum. Needham also raised its price target to $26 from $24 and maintained a Buy rating, adding analyst support. SGB Online article
• Neutral Sentiment: Tariff refunds helped boost quarterly profits, so some of the earnings strength may reflect a benefit that is not necessarily recurring. SGB Online article

Wolverine World Wide Company Profile

Wolverine World Wide, Inc. is a footwear and apparel company that designs, markets and distributes products through a portfolio of consumer and workwear brands. Its brands include Merrell, Saucony, Sweaty Betty, Wolverine, Chaco and Bates, with offerings that span outdoor, athletic, casual and occupational footwear, as well as apparel and accessories. Founded in 1883 in Rockford, Michigan, the company has expanded from its early roots in leather and footwear manufacturing into an international brand business.