Wolverine World Wide (NYSE:WWW) Price Target Raised to $24.00

Wolverine World Wide (NYSE:WWW) had its target price increased by Needham & Company LLC from $21.00 to $24.00 in a report released on Thursday morning, MarketBeat reports. Needham & Company LLC currently has a buy rating on the textile maker’s stock.

A number of other equities research analysts also recently commented on the company. Wall Street Zen downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research cut Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Telsey Advisory Group decreased their target price on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Weiss Ratings raised Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, Robert W. Baird lowered their price target on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.50.

Wolverine World Wide Price Performance

WWW opened at $21.09 on Thursday. The company has a fifty day moving average price of $18.13 and a two-hundred day moving average price of $17.41. The firm has a market capitalization of $1.73 billion, a PE ratio of 16.35 and a beta of 1.73. Wolverine World Wide has a 52 week low of $13.47 and a 52 week high of $32.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.89 and a current ratio of 1.55.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The company had revenue of $506.40 million for the quarter, compared to the consensus estimate of $500.74 million. During the same quarter in the prior year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, analysts anticipate that Wolverine World Wide will post 1.64 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.9%. Wolverine World Wide’s dividend payout ratio is currently 32.26%.

Insider Buying and Selling

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of Wolverine World Wide stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the transaction, the director directly owned 54,202 shares in the company, valued at approximately $860,727.76. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

Several large investors have recently modified their holdings of the business. Jupiter Topco LLC acquired a new stake in shares of Wolverine World Wide during the second quarter worth about $576,000. Canada Pension Plan Investment Board acquired a new position in shares of Wolverine World Wide in the 2nd quarter valued at approximately $838,000. Legal & General Group Plc bought a new stake in Wolverine World Wide during the 2nd quarter worth approximately $2,994,000. The Manufacturers Life Insurance Company bought a new stake in Wolverine World Wide during the 2nd quarter worth approximately $570,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Wolverine World Wide during the 2nd quarter worth approximately $11,571,000. 90.25% of the stock is currently owned by institutional investors.

Key Wolverine World Wide News

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

• Positive Sentiment: Q2 results exceeded expectations. Wolverine reported adjusted earnings of $0.40 per share, above the $0.38 consensus estimate and up from $0.32 a year earlier. Revenue rose 6.8% year over year to $506.4 million, surpassing estimates of approximately $500.7 million. Wolverine World Wide Q2 earnings and revenues beat estimates
• Positive Sentiment: Full-year guidance was raised or reaffirmed at a favorable level. Wolverine now expects fiscal 2026 adjusted EPS of $1.55-$1.65 and revenue of roughly $1.98 billion-$2.0 billion. The earnings range is broadly consistent with, and at the upper end above, the prior analyst consensus of $1.56, reinforcing confidence in the company’s outlook. Wolverine World Wide raises fiscal 2026 outlook
• Positive Sentiment: Brand momentum is improving. Merrell and Saucony showed strong demand, helping Wolverine gain market momentum and supporting expectations for continued sales growth and margin expansion. Management also outlined plans to sustain global growth at both brands. Wolverine CEO discusses Merrell and Saucony growth
• Positive Sentiment: Analysts raised their valuation targets. Stifel Nicolaus lifted its target from $25 to $26 with a Buy rating, Robert W. Baird raised its target from $24 to $26 with an Outperform rating, and Needham increased its target from $21 to $24 with a Buy rating. The revisions suggest analysts see additional upside following the earnings beat. Analysts raise forecasts for Wolverine World Wide

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.