Needham & Company LLC Increases Wolverine World Wide (NYSE:WWW) Price Target to $24.00

Wolverine World Wide (NYSE:WWW) had its price objective raised by Needham & Company LLC from $21.00 to $24.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 20.14% from the stock’s current price.

A number of other equities analysts have also weighed in on WWW. Weiss Ratings upgraded shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Wall Street Zen lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Robert W. Baird decreased 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. Zacks Research downgraded Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Telsey Advisory Group reduced 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. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.12.

Wolverine World Wide Trading Up 10.6%

Shares of WWW traded up $1.92 during mid-day trading on Thursday, hitting $19.98. 429,579 shares of the company’s stock traded hands, compared to its average volume of 1,170,392. The business’s 50-day moving average price is $17.95 and its 200-day moving average price is $17.37. Wolverine World Wide has a 1 year low of $13.47 and a 1 year high of $32.80. The firm has a market capitalization of $1.64 billion, a P/E ratio of 16.16 and a beta of 1.73. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.26.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The business had revenue of $506.40 million for the quarter, compared to analyst estimates of $500.74 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Wolverine World Wide’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, sell-side analysts forecast that Wolverine World Wide will post 1.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Brenda J. Lauderback sold 5,500 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the sale, the director directly owned 54,202 shares of the company’s stock, valued at $860,727.76. This represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Wolverine World Wide

Large investors have recently bought and sold shares of the business. Clearstead Advisors LLC boosted 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 valued at $29,000 after purchasing an additional 1,053 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Wolverine World Wide in the second quarter valued at about $34,000. Global Retirement Partners LLC purchased a new stake in Wolverine World Wide in the second quarter worth about $34,000. Quadrant Capital Group LLC lifted its stake in 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 worth $55,000 after acquiring an additional 1,232 shares during the period. Finally, State of Wyoming bought a new position in Wolverine World Wide during the 2nd quarter worth about $68,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Key Headlines Impacting Wolverine World Wide

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

• Positive Sentiment: Quarterly earnings beat expectations: Wolverine reported adjusted earnings of $0.40 per share, exceeding the $0.38 analyst consensus and rising from $0.32 in the year-ago quarter. Wolverine World Wide Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue also topped estimates: Quarterly sales were $506.4 million versus expectations of $500.74 million, representing 6.8% year-over-year growth. The earnings beat and continued sales growth are supporting the positive investor reaction. Wolverine World Wide Earnings Report
• Positive Sentiment: 2026 earnings outlook was raised: Management now expects full-year earnings of $1.55 to $1.65 per share, with the midpoint above the current analyst consensus of $1.56. This implies confidence in the company’s operating performance and brand demand. Wolverine Posts Q2 Beat and Raises 2026 Outlook
• Neutral Sentiment: Revenue guidance remains broadly in line: Full-year sales guidance is approximately $2.0 billion, consistent with analyst expectations. The earnings guidance increase is therefore the primary catalyst rather than a major revenue forecast revision. Wolverine World Wide Shares Rise After Q2 Beat

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.