Wolverine World Wide (NYSE:WWW) Coverage Initiated by Analysts at Needham & Company LLC

Equities research analysts at Needham & Company LLC started coverage on shares of Wolverine World Wide (NYSE:WWW) in a research note issued to investors on Thursday,Benzinga reports. The firm set a “buy” rating and a $21.00 price target on the textile maker’s stock. Needham & Company LLC’s target price points to a potential upside of 24.73% from the company’s previous close.

WWW has been the subject of several other reports. Telsey Advisory Group lifted their price objective on Wolverine World Wide from $18.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, February 27th. KeyCorp raised their price target on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. BNP Paribas Exane downgraded Wolverine World Wide from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $38.00 to $19.00 in a research note on Thursday, January 22nd. Piper Sandler lowered shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $16.00 in a research report on Wednesday, January 7th. Finally, Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Wolverine World Wide has an average rating of “Hold” and an average price target of $22.33.

Wolverine World Wide Stock Performance

NYSE:WWW opened at $16.84 on Thursday. The firm’s fifty day simple moving average is $17.62 and its 200-day simple moving average is $20.26. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.37 billion, a PE ratio of 14.90 and a beta of 1.88. Wolverine World Wide has a fifty-two week low of $9.58 and a fifty-two week high of $32.80.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $510.49 million. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. Analysts expect that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Wolverine World Wide

A number of large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew its position in Wolverine World Wide by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock valued at $1,074,000 after acquiring an additional 782 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Wolverine World Wide by 3.5% in the third quarter. Amalgamated Bank now owns 23,831 shares of the textile maker’s stock worth $654,000 after acquiring an additional 799 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in Wolverine World Wide by 5.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 18,073 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 961 shares during the last quarter. Clearstead Advisors LLC grew its stake in Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 1,053 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Wolverine World Wide by 8.0% during the 4th quarter. LPL Financial LLC now owns 16,346 shares of the textile maker’s stock worth $297,000 after purchasing an additional 1,217 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

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.