Wolverine World Wide (NYSE:WWW) Price Target Raised to $25.00 at KeyCorp

Wolverine World Wide (NYSE:WWWFree Report) had its price target upped by KeyCorp from $24.00 to $25.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the textile maker’s stock. KeyCorp also issued estimates for Wolverine World Wide’s Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.37 EPS, Q4 2026 earnings at $0.53 EPS, FY2026 earnings at $1.48 EPS and FY2027 earnings at $1.71 EPS.

Several other research analysts also recently weighed in on the company. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Robert W. Baird boosted their price target on Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday. Zacks Research downgraded shares of Wolverine World Wide from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. UBS Group decreased their price objective on shares of Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Piper Sandler cut shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $16.00 in a research note on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Wolverine World Wide presently has an average rating of “Hold” and an average price target of $22.50.

Read Our Latest Analysis on WWW

Wolverine World Wide Stock Down 11.7%

Shares of NYSE:WWW traded down $2.34 during trading on Friday, reaching $17.64. The stock had a trading volume of 3,060,094 shares, compared to its average volume of 1,184,215. The firm’s 50-day simple moving average is $18.18 and its 200 day simple moving average is $22.03. The company has a current ratio of 1.34, a quick ratio of 0.79 and a debt-to-equity ratio of 1.40. Wolverine World Wide has a one year low of $9.58 and a one year high of $32.80. The company has a market capitalization of $1.45 billion, a P/E ratio of 15.61 and a beta of 1.91.

Wolverine World Wide (NYSE:WWWGet Free Report) last posted its earnings results on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Wolverine World Wide had a net margin of 5.06% and a return on equity of 31.24%. The company had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $510.49 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Wolverine World Wide’s revenue for the quarter was up 4.6% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. As a group, research analysts expect that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is 38.46%.

Institutional Investors Weigh In On Wolverine World Wide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WWW. Vanguard Group Inc. raised its position in Wolverine World Wide by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after acquiring an additional 353,808 shares during the period. Callodine Capital Management LP increased its stake in shares of Wolverine World Wide by 41.0% during the second quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock worth $77,700,000 after purchasing an additional 1,250,515 shares in the last quarter. State Street Corp raised its position in shares of Wolverine World Wide by 2.1% during the 4th quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after purchasing an additional 63,041 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Wolverine World Wide by 3.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock worth $36,419,000 after purchasing an additional 59,304 shares during the last quarter. Finally, Oxbow Capital Management HK Ltd purchased a new position in Wolverine World Wide in the 3rd quarter valued at about $54,431,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Wolverine World Wide

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

About Wolverine World Wide

(Get Free Report)

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.

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