Wolverine World Wide (NYSE:WWW) Stock Rating Upgraded by Wall Street Zen

Wolverine World Wide (NYSE:WWW) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

WWW has been the subject of a number of other reports. Robert W. Baird boosted their price target on shares of Wolverine World Wide from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday. Oppenheimer lowered shares of Wolverine World Wide to a “market perform” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wolverine World Wide in a research note on Tuesday, September 8th. Needham & Company LLC raised their price objective on shares of Wolverine World Wide from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group lifted their target price on shares of Wolverine World Wide from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.22.

Wolverine World Wide Price Performance

Shares of WWW stock opened at $24.84 on Friday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.29 and a beta of 1.67. Wolverine World Wide has a 12 month low of $14.00 and a 12 month high of $24.92. The company has a quick ratio of 0.98, a current ratio of 1.85 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $20.11 and a 200 day moving average price of $18.29.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, November 12th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.33. Wolverine World Wide had a net margin of 7.50% and a return on equity of 34.21%. The company had revenue of $505.40 million for the quarter, compared to the consensus estimate of $500.08 million. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue 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. Research analysts expect that Wolverine World Wide will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Wolverine World Wide

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Wolverine World Wide in the 2nd quarter valued at approximately $204,878,000. Wellington Management Group LLP raised its holdings 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 worth $74,852,000 after purchasing an additional 146,791 shares during the period. Callodine Capital Management LP boosted its position in shares of 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 purchasing an additional 980,839 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 purchasing an additional 313,883 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Wolverine World Wide by 285.3% during the third quarter. Marshall Wace LLP now owns 965,888 shares of the textile maker’s stock worth $18,458,000 after purchasing an additional 715,200 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide News Summary

Investors following WWW have been watching these news items:

• Positive Sentiment: Growth at Saucony and Merrell helped drive results and margin gains. Management raised its FY2026 EPS outlook to $1.95–$1.99, above the cited analyst consensus of $1.65, while projecting about $2 billion in revenue. Wolverine Q3 earnings beat on Saucony growth; 2026 outlook raised
• Positive Sentiment: Several analysts raised their targets and maintained bullish ratings: Stifel Nicolaus lifted its target to $28 with a Buy rating, while KeyCorp raised its target to $27 with an Overweight rating and Baird raised its target to $27 with an Outperform rating. Stifel Nicolaus raises Wolverine price target
• Negative Sentiment: Tariffs could weigh on future results: coverage notes that tariff refunds boosted quarterly profits, while tariffs are returning. That makes the durability of margins an important watch point despite the raised outlook. Wolverine Q3 sales top expectations; profits boosted by tariff refunds

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.