Wolverine World Wide (NYSE:WWW) Price Target Lowered to $24.00 at Robert W. Baird

Wolverine World Wide (NYSE:WWW) had its price target lowered by equities researchers at Robert W. Baird from $27.00 to $24.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s price target points to a potential upside of 58.42% from the company’s previous close.

A number of other brokerages also recently commented on WWW. Zacks Research upgraded shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. KeyCorp boosted their target price on shares of Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Telsey Advisory Group lowered their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday. Argus reiterated a “hold” rating on shares of Wolverine World Wide in a research note on Friday, January 23rd. Finally, Needham & Company LLC initiated coverage on shares of Wolverine World Wide in a research note on Thursday, March 26th. They set a “buy” rating and a $21.00 target price for the company. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.56.

Wolverine World Wide Stock Performance

NYSE:WWW opened at $15.15 on Friday. The company has a fifty day simple moving average of $16.75 and a two-hundred day simple moving average of $17.59. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 13.41 and a beta of 1.75. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 1.29. Wolverine World Wide has a 52 week low of $13.47 and a 52 week high of $32.80.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The business had revenue of $457.60 million during the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, equities analysts anticipate that Wolverine World Wide will post 1.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wolverine World Wide

Several large investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its stake 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 boosted its stake in Wolverine World Wide by 3.5% in the third quarter. Amalgamated Bank now owns 23,831 shares of the textile maker’s stock valued at $654,000 after acquiring an additional 799 shares in the last quarter. Clearstead Advisors LLC boosted its stake in Wolverine World Wide by 191.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 1,053 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Wolverine World Wide by 8.0% in the fourth quarter. LPL Financial LLC now owns 16,346 shares of the textile maker’s stock valued at $297,000 after buying an additional 1,217 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Wolverine World Wide by 68.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock valued at $55,000 after buying an additional 1,232 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

More Wolverine World Wide News

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

• Positive Sentiment: Wolverine World Wide reported Q1 EPS of $0.25, beating Wall Street’s $0.22 estimate, while revenue of $457.6 million also topped expectations. Wolverine Worldwide Reports First Quarter 2026 Results
• Positive Sentiment: The company said gross margin and earnings came in above plan, with management highlighting a “solid start” to 2026 and improved brand execution, led by Merrell and Saucony. Wolverine World Wide Earnings Call Signals Profitable Momentum
• Positive Sentiment: International sales increased, helping drive growth and supporting the view that demand is improving beyond the U.S. Wolverine World Wide Raises Earnings Guidance as International Sales Rise
• Positive Sentiment: Wolverine raised FY2026 EPS guidance to $1.43-$1.58, signaling management expects profitability to keep improving even after a strong quarter. Wolverine outlines FY 2026 EPS of $1.43 to $1.58 while raising margin expectations
• Neutral Sentiment: Analyst and media coverage focused heavily on Saucony’s momentum and whether it can sustain growth, which is supportive but still dependent on execution. Can Saucony Sustain Its Winning Streak?

Wolverine World Wide Company Profile

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.