Wolverine World Wide (NYSE:WWW) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Wolverine World Wide (NYSE:WWW) had its price target hoisted by research analysts at Stifel Nicolaus from $26.00 to $28.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus‘s price objective would indicate a potential upside of 22.54% from the stock’s current price.

Several other research firms have also commented on WWW. Seaport Research Partners reaffirmed a “buy” rating and issued a $30.00 price target on shares of Wolverine World Wide in a report on Friday, August 14th. KeyCorp reaffirmed an “overweight” rating and set a $25.00 price target on shares of Wolverine World Wide in a research report on Thursday, August 13th. Zacks Research lowered Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. Robert W. Baird boosted their price objective on Wolverine World Wide from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $21.00 target price on shares of Wolverine World Wide in a research note on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $23.67.

Wolverine World Wide Stock Performance

Shares of NYSE WWW opened at $22.85 on Friday. The company has a 50 day simple moving average of $20.00 and a two-hundred day simple moving average of $18.25. The stock 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 current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. Wolverine World Wide has a 12 month low of $14.00 and a 12 month 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 analysts’ consensus estimates of $0.46 by $0.33. The firm had revenue of $505.40 million for the quarter, compared to analyst estimates of $500.08 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.950-1.990 EPS. As a group, analysts predict that Wolverine World Wide will post 1.64 earnings per share for the current year.

Institutional Trading of Wolverine World Wide

A number of hedge funds have recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. purchased a new stake in Wolverine World Wide during the third quarter worth $25,000. Public Employees Retirement System of Ohio purchased a new position in Wolverine World Wide in the second quarter valued at $33,000. Global Retirement Partners LLC purchased a new position in Wolverine World Wide in the second quarter valued at $34,000. Sterling Capital Management LLC raised its position in shares of Wolverine World Wide by 345.4% in the third quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker’s stock worth $49,000 after acquiring an additional 1,969 shares during the period. Finally, Caitlin John LLC acquired a new position in shares of Wolverine World Wide in the second quarter worth about $56,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

Top Wolverine World Wide Stories

These are some of the WWW stories 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.