Wolverine World Wide (NYSE:WWW) Given New $27.00 Price Target at KeyCorp

Wolverine World Wide (NYSE:WWW) had its price objective upped by KeyCorp from $25.00 to $27.00 in a research report report published on Friday morning, MarketBeat.com reports. They currently have an overweight rating on the textile maker’s stock.

A number of other equities analysts have also recently commented on the company. UBS Group increased their target price on Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a report on Friday, August 14th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Needham & Company LLC boosted their price target on Wolverine World Wide from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus boosted their price target on Wolverine World Wide from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Robert W. Baird increased their price objective on Wolverine World Wide from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Wolverine World Wide has an average rating of “Hold” and a consensus price target of $24.22.

Wolverine World Wide Price Performance

Shares of WWW traded up $1.97 during mid-day trading on Friday, hitting $24.84. 2,571,861 shares of the company were exchanged, compared to its average volume of 952,021. Wolverine World Wide has a 1-year low of $14.00 and a 1-year high of $24.92. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.98 and a current ratio of 1.85. The company has a 50 day moving average of $20.11 and a 200-day moving average of $18.29. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.29 and a beta of 1.67.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, November 12th. The textile maker reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.33. Wolverine World Wide had a net margin of 7.50% and a return on equity of 34.21%. The firm had revenue of $505.40 million for the quarter, compared to analyst estimates of $500.08 million. During the same period last year, the company posted $0.36 EPS. Wolverine World Wide’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. Analysts expect that Wolverine World Wide will post 1.97 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Monday, January 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, January 4th. Wolverine World Wide’s dividend payout ratio is currently 31.01%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WWW. Marshall Wace LLP boosted its holdings in shares of Wolverine World Wide by 285.3% during the 3rd quarter. Marshall Wace LLP now owns 965,888 shares of the textile maker’s stock worth $18,458,000 after purchasing an additional 715,200 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Wolverine World Wide in the third quarter valued at approximately $6,222,000. Bleakley Financial Group LLC increased its holdings in shares of Wolverine World Wide by 73.3% in the third quarter. Bleakley Financial Group LLC now owns 24,878 shares of the textile maker’s stock valued at $475,000 after purchasing an additional 10,523 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Wolverine World Wide by 63.5% in the third quarter. First Trust Advisors LP now owns 205,208 shares of the textile maker’s stock valued at $3,922,000 after purchasing an additional 79,690 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Wolverine World Wide in the third quarter valued at approximately $2,786,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Wolverine World Wide

Here are a few of the latest headlines about WWW:

• Positive Sentiment: Third-quarter EPS was $0.79, well above the $0.46 consensus and up from $0.36 a year earlier. Revenue rose 7.5% year over year to $505.4 million, also topping estimates. Wolverine World Wide tops Q3 earnings and revenue estimates
• Positive Sentiment: Several analysts raised their targets and maintained bullish ratings: Stifel Nicolaus lifted its target to $28 with a Buy rating, while KeyCorp raised its target to $27 with an Overweight rating and Baird raised its target to $27 with an Outperform rating. Stifel Nicolaus raises Wolverine price target
• Negative Sentiment: Tariffs could weigh on future results: coverage notes that tariff refunds boosted quarterly profits, while tariffs are returning. That makes the durability of margins an important watch point despite the raised outlook. Wolverine Q3 sales top expectations; profits boosted by tariff refunds

About Wolverine World Wide

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.