Wolverine World Wide (NYSE:WWW) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Wolverine World Wide (NYSE:WWWGet Free Report) had its price objective raised by Telsey Advisory Group from $18.00 to $22.00 in a research note issued on Friday. The firm presently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s target price points to a potential upside of 9.78% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. KeyCorp cut their target price on Wolverine World Wide from $32.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Zacks Research lowered Wolverine World Wide from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. UBS Group reduced their price objective on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Piper Sandler cut Wolverine World Wide from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $16.00 in a research note on Wednesday, January 7th. Finally, Robert W. Baird boosted their price target on shares of Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.50.

Check Out Our Latest Stock Analysis on Wolverine World Wide

Wolverine World Wide Price Performance

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 debt-to-equity ratio of 1.40, a current ratio of 1.34 and a quick ratio of 0.79. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 19.27 and a beta of 1.91. The firm’s fifty day moving average price is $18.19 and its two-hundred day moving average price is $22.09.

Wolverine World Wide (NYSE:WWWGet Free Report) last announced its earnings results on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Wolverine World Wide had a net margin of 4.73% and a return on equity of 31.43%. The company had revenue of $517.50 million during the quarter, compared to the consensus estimate of $510.49 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The firm’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. As a group, analysts anticipate that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Wolverine World Wide

A number of large investors have recently modified their holdings of the business. Clearstead Advisors LLC grew its holdings in shares of Wolverine World Wide by 191.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after purchasing an additional 1,053 shares in the last quarter. Hara Capital LLC bought a new stake in Wolverine World Wide during the second quarter valued at approximately $30,000. Canada Pension Plan Investment Board purchased a new position in Wolverine World Wide in the 2nd quarter worth approximately $34,000. Covestor Ltd increased its holdings in shares of Wolverine World Wide by 16,025.0% in the 3rd quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock worth $35,000 after buying an additional 1,282 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Wolverine World Wide by 2,134.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after buying an additional 2,754 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

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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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