Wolverine World Wide (NYSE:WWW) Price Target Raised to $28.00

Wolverine World Wide (NYSE:WWW) had its target price upped by research analysts at Stifel Nicolaus from $26.00 to $28.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus‘s price target points to a potential upside of 22.54% from the company’s current price.

Several other equities research analysts also recently commented on WWW. Zacks Research downgraded Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Friday, October 30th. Williams Trading set a $20.00 target price on Wolverine World Wide in a research report on Wednesday, August 19th. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Seaport Research Partners reiterated a “buy” rating and issued a $30.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th. Finally, KeyCorp restated an “overweight” rating and set a $25.00 price target on shares of Wolverine World Wide in a research note on Thursday, August 13th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.67.

Wolverine World Wide Price Performance

WWW stock opened at $22.85 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. The firm has a 50 day moving average price of $20.00 and a 200-day moving average price of $18.25. Wolverine World Wide has a 52-week low of $14.00 and a 52-week high of $23.84. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.48 and a beta of 1.67.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, November 12th. The textile maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.33. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The company had revenue of $505.40 million for the quarter, compared to the consensus estimate of $500.08 million. During the same quarter in the prior year, the business posted $0.36 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.950-1.990 EPS. Equities research analysts forecast that Wolverine World Wide will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Wolverine World Wide

Several hedge funds have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. purchased a new position in Wolverine World Wide in the 3rd quarter worth $25,000. Public Employees Retirement System of Ohio purchased a new stake in Wolverine World Wide during the 2nd quarter valued at about $33,000. Global Retirement Partners LLC purchased a new stake in Wolverine World Wide during the 2nd quarter valued at about $34,000. Sterling Capital Management LLC increased its holdings in shares of Wolverine World Wide by 345.4% in the third quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 1,969 shares during the period. Finally, Caitlin John LLC acquired a new position in shares of Wolverine World Wide in the second quarter valued at about $56,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Key Wolverine World Wide News

Investors following WWW have been watching these news items:

• Positive Sentiment: The company raised its FY2026 EPS outlook to $1.95–$1.99, above the roughly $1.65 analyst consensus. Its revenue forecast is about $2.0 billion, in line with expectations. Guidance article
• Positive Sentiment: Reports pointed to strong Saucony growth as a contributor to sales momentum. Needham also raised its price target to $26 from $24 and maintained a Buy rating, adding analyst support. SGB Online article
• Neutral Sentiment: Tariff refunds helped boost quarterly profits, so some of the earnings strength may reflect a benefit that is not necessarily recurring. SGB Online article

Wolverine World Wide Company Profile

Wolverine World Wide, Inc. is a footwear and apparel company that designs, markets and distributes products through a portfolio of consumer and workwear brands. Its brands include Merrell, Saucony, Sweaty Betty, Wolverine, Chaco and Bates, with offerings that span outdoor, athletic, casual and occupational footwear, as well as apparel and accessories. Founded in 1883 in Rockford, Michigan, the company has expanded from its early roots in leather and footwear manufacturing into an international brand business.