Wolverine World Wide (NYSE:WWW) Price Target Raised to $26.00 at Robert W. Baird

Wolverine World Wide (NYSE:WWW) had its price objective upped by Robert W. Baird from $24.00 to $26.00 in a research report sent to investors on Friday morning, MarketBeat Ratings reports. Robert W. Baird currently has an outperform rating on the textile maker’s stock.

A number of other brokerages have also issued reports on WWW. KeyCorp reiterated an “overweight” rating and issued a $25.00 price target on shares of Wolverine World Wide in a report on Thursday. Telsey Advisory Group decreased their target price on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Wall Street Zen downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Zacks Research lowered Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Wolverine World Wide has a consensus rating of “Hold” and an average target price of $23.50.

Wolverine World Wide Trading Up 6.1%

NYSE WWW opened at $21.09 on Friday. The company’s 50-day moving average price is $18.13 and its 200-day moving average price is $17.41. The company has a current ratio of 1.55, a quick ratio of 0.89 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.73 billion, a PE ratio of 16.35 and a beta of 1.73. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $32.80.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $506.40 million during the quarter, compared to analyst estimates of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Equities research analysts forecast that Wolverine World Wide will post 1.58 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st. Wolverine World Wide’s dividend payout ratio is presently 32.26%.

Insider Activity

In related news, Director Brenda J. Lauderback sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the transaction, the director owned 54,202 shares in the company, valued at $860,727.76. The trade was a 9.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wolverine World Wide

A number of large investors have recently made changes to their positions in WWW. Jupiter Topco LLC acquired a new stake in shares of Wolverine World Wide in the 2nd quarter worth $576,000. Canada Pension Plan Investment Board acquired a new position in Wolverine World Wide during the 2nd quarter valued at about $838,000. Legal & General Group Plc acquired a new position in Wolverine World Wide during the 2nd quarter valued at about $2,994,000. The Manufacturers Life Insurance Company purchased a new stake in Wolverine World Wide in the second quarter valued at about $570,000. Finally, Manning & Napier Advisors LLC purchased a new stake in Wolverine World Wide in the second quarter valued at about $11,571,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Wolverine World Wide News Summary

Here are the key news stories impacting Wolverine World Wide this week:

• Positive Sentiment: Q2 results exceeded expectations. Wolverine reported adjusted earnings of $0.40 per share, above the $0.38 consensus estimate and up from $0.32 a year earlier. Revenue rose 6.8% year over year to $506.4 million, surpassing estimates of approximately $500.7 million. Wolverine World Wide Q2 earnings and revenues beat estimates
• Positive Sentiment: Full-year guidance was raised or reaffirmed at a favorable level. Wolverine now expects fiscal 2026 adjusted EPS of $1.55-$1.65 and revenue of roughly $1.98 billion-$2.0 billion. The earnings range is broadly consistent with, and at the upper end above, the prior analyst consensus of $1.56, reinforcing confidence in the company’s outlook. Wolverine World Wide raises fiscal 2026 outlook
• Positive Sentiment: Brand momentum is improving. Merrell and Saucony showed strong demand, helping Wolverine gain market momentum and supporting expectations for continued sales growth and margin expansion. Management also outlined plans to sustain global growth at both brands. Wolverine CEO discusses Merrell and Saucony growth
• Positive Sentiment: Analysts raised their valuation targets. Stifel Nicolaus lifted its target from $25 to $26 with a Buy rating, Robert W. Baird raised its target from $24 to $26 with an Outperform rating, and Needham increased its target from $21 to $24 with a Buy rating. The revisions suggest analysts see additional upside following the earnings beat. Analysts raise forecasts for Wolverine World Wide

About Wolverine World Wide

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.