Wolverine World Wide (NYSE:WWW) Given New $26.00 Price Target at Needham & Company LLC

Wolverine World Wide (NYSE:WWW) had its price target boosted by Needham & Company LLC from $24.00 to $26.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC‘s price target suggests a potential upside of 15.32% from the company’s previous close.

Several other research analysts also recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $21.00 target price on shares of Wolverine World Wide in a research note on Friday, August 14th. Stifel Nicolaus increased their price target on Wolverine World Wide from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 14th. UBS Group raised their price target on Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a report on Friday, August 14th. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Wolverine World Wide in a report on Tuesday, September 8th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.33.

Wolverine World Wide Stock Performance

WWW stock traded up $0.61 during trading hours on Thursday, reaching $22.55. The stock had a trading volume of 494,095 shares, compared to its average volume of 1,076,995. The stock has a market capitalization of $1.85 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.47 and a beta of 1.67. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.55 and a quick ratio of 0.98. The stock has a 50-day simple moving average of $19.93 and a 200 day simple moving average of $18.22. Wolverine World Wide has a fifty-two week low of $14.00 and a fifty-two week high of $23.84.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Thursday, November 12th. The textile maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.33. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. 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 previous year, the business earned $0.36 EPS. Wolverine World Wide’s revenue for the quarter was up 7.5% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.950-1.990 EPS. Analysts predict that Wolverine World Wide will post 1.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Wolverine World Wide

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in Wolverine World Wide by 111.8% in the first quarter. Renaissance Technologies LLC now owns 534,045 shares of the textile maker’s stock valued at $8,716,000 after acquiring an additional 281,845 shares during the last quarter. First Trust Advisors LP boosted its holdings in Wolverine World Wide by 262.7% in the first quarter. First Trust Advisors LP now owns 87,190 shares of the textile maker’s stock valued at $1,423,000 after acquiring an additional 63,154 shares during the last quarter. Bank of America Corp DE acquired a new stake in Wolverine World Wide during the 2nd quarter valued at approximately $2,591,000. Bank of New York Mellon Corp bought a new position in Wolverine World Wide during the 2nd quarter worth approximately $13,557,000. Finally, Manning & Napier Advisors LLC acquired a new position in Wolverine World Wide in the second quarter valued at $11,571,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Recent Wolverine World Wide Headlines

Investors following WWW have been watching these headlines:

• Positive Sentiment: Third-quarter EPS was $0.79, well above the $0.46 analyst estimate and up from $0.36 a year earlier. Revenue rose 7.5% year over year to $505.4 million, topping expectations of about $500 million. MarketWatch article
• Positive Sentiment: The company raised its FY2026 EPS forecast to $1.95–$1.99, versus analyst consensus of $1.65. Its roughly $2 billion revenue outlook is in line with expectations. The improved earnings guidance is the clearest potential catalyst for investor optimism. RTTNews article
• Neutral Sentiment: Tariff refunds also boosted profits. That benefit may not necessarily recur, so investors may weigh the earnings beat against how much came from ongoing business performance. MSN article

About Wolverine World Wide

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.