Robert W. Baird Issues Positive Forecast for Wolverine World Wide (NYSE:WWW) Stock Price

Wolverine World Wide (NYSE:WWW) had its price target upped by investment analysts at Robert W. Baird from $26.00 to $27.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Robert W. Baird‘s price objective indicates a potential upside of 18.17% from the stock’s current price.

A number of other brokerages have also issued reports on WWW. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Telsey Advisory Group reissued a “market perform” rating and issued a $21.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 14th. Williams Trading set a $20.00 price objective on shares of Wolverine World Wide in a report on Wednesday, August 19th. Needham & Company LLC upped their target price on shares of Wolverine World Wide from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus upped their target price on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.44.

Wolverine World Wide Stock Up 4.2%

Shares of NYSE WWW opened at $22.85 on Friday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.48 and a beta of 1.67. 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 has a 52-week low of $14.00 and a 52-week high of $23.84. The business’s 50 day moving average is $20.00 and its two-hundred day moving average is $18.25.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Thursday, November 12th. The textile maker reported $0.79 earnings per share for the quarter, beating 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 business had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $500.08 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The company’s revenue 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. Research analysts predict that Wolverine World Wide will post 1.64 EPS for the current year.

Hedge Funds Weigh In On Wolverine World Wide

A number of institutional investors and hedge funds have recently made changes to their positions in WWW. BlackRock Inc. purchased a new stake in shares of Wolverine World Wide during the 2nd quarter worth $204,878,000. Wellington Management Group LLP raised its stake in Wolverine World Wide by 3.4% in 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 buying an additional 146,791 shares in the last quarter. Callodine Capital Management LP lifted its holdings in Wolverine World Wide by 27.8% during the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after buying an additional 980,839 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Wolverine World Wide by 21.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,797,577 shares of the textile maker’s stock worth $29,333,000 after buying an additional 313,883 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Wolverine World Wide during the 2nd quarter worth about $13,557,000. 90.25% of the stock is owned by institutional investors and hedge funds.

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.