Wolverine World Wide (NYSE:WWW) Given New $26.00 Price Target at Robert W. Baird

Wolverine World Wide (NYSE:WWW) had its target price lifted by equities researchers at Robert W. Baird from $24.00 to $26.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s price target would indicate a potential upside of 31.69% from the stock’s previous close.

Several other equities analysts have also weighed in on WWW. KeyCorp reissued an “overweight” rating and set a $25.00 price objective on shares of Wolverine World Wide in a report on Thursday. Needham & Company LLC increased their price target on Wolverine World Wide from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Research downgraded Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Telsey Advisory Group decreased their price objective on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Finally, Wall Street Zen cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Wolverine World Wide currently has an average rating of “Hold” and an average target price of $22.38.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $19.74 on Friday. The company’s 50-day moving average is $18.02 and its 200 day moving average is $17.39. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. The company has a market capitalization of $1.62 billion, a P/E ratio of 15.92 and a beta of 1.73. Wolverine World Wide has a fifty-two week low of $13.47 and a fifty-two week high of $32.80.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $506.40 million during the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. On average, equities research analysts forecast that Wolverine World Wide will post 1.56 earnings per share for the current year.

Insider Buying and Selling

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value of $87,340.00. Following the completion of the transaction, the director owned 54,202 shares in the company, valued at $860,727.76. This trade represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wolverine World Wide

Several hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in Wolverine World Wide by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock worth $1,074,000 after purchasing an additional 782 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of Wolverine World Wide by 191.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after purchasing an additional 1,053 shares during the period. LPL Financial LLC raised its position 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 worth $297,000 after buying an additional 1,217 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Wolverine World Wide by 68.1% during 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 period. Finally, GAMMA Investing LLC grew its position in Wolverine World Wide by 16.3% during the second quarter. GAMMA Investing LLC now owns 9,505 shares of the textile maker’s stock worth $157,000 after buying an additional 1,333 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Trending Headlines about Wolverine World Wide

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

• Positive Sentiment: Q2 earnings and revenue beat estimates. Wolverine reported adjusted EPS of $0.40, ahead of the $0.38 analyst consensus and up from $0.32 a year earlier. Revenue reached $506.4 million, exceeding the $500.74 million estimate and increasing 6.8% year over year. Wolverine World Wide Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Full-year revenue outlook was raised. Management now expects fiscal 2026 revenue of approximately $1.98 billion to $2.0 billion, supporting investor confidence in continued growth. EPS guidance remains $1.55 to $1.65, broadly consistent with the roughly $1.56 analyst consensus. Wolverine World Wide FY2026 Guidance
• Positive Sentiment: Analyst sentiment improved. Needham raised its price target on WWW from $21 to $24 and assigned a “buy” rating, indicating expectations that the earnings momentum and brand performance can support further appreciation. Needham Raises Wolverine World Wide Price Target
• Neutral Sentiment: Management is emphasizing Merrell and Saucony. CEO Chris Hufnagel outlined plans to sustain growth at the two key brands, making brand execution and international expansion important factors for future results. Wolverine CEO on Merrell and Saucony Growth

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.