Robert W. Baird Forecasts Strong Price Appreciation for Wolverine World Wide (NYSE:WWW) Stock

Wolverine World Wide (NYSE:WWWGet Free Report) had its price objective hoisted by research analysts at Robert W. Baird from $23.00 to $27.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s price objective suggests a potential upside of 53.10% from the stock’s previous close.

Several other brokerages have also recently weighed in on WWW. Zacks Research cut shares of Wolverine World Wide from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. BNP Paribas Exane cut shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $38.00 to $19.00 in a research note on Thursday, January 22nd. Telsey Advisory Group restated a “market perform” rating and issued a $18.00 target price on shares of Wolverine World Wide in a report on Friday, February 20th. Piper Sandler downgraded shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $16.00 in a report on Wednesday, January 7th. Finally, Stifel Nicolaus set a $25.00 price target on Wolverine World Wide in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Hold” and an average price target of $22.50.

Check Out Our Latest Analysis on Wolverine World Wide

Wolverine World Wide Trading Down 11.7%

Shares of WWW stock opened at $17.64 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.79 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.61 and a beta of 1.91. Wolverine World Wide has a 12-month low of $9.58 and a 12-month high of $32.80. The stock’s 50-day moving average price is $18.18 and its 200-day moving average price is $21.99.

Wolverine World Wide (NYSE:WWWGet Free Report) last announced its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Wolverine World Wide had a return on equity of 31.24% and a net margin of 5.06%.The company had revenue of $517.50 million during the quarter, compared to analyst estimates of $510.49 million. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. Equities research analysts predict that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Institutional Trading of Wolverine World Wide

Hedge funds have recently added to or reduced their stakes in the business. VARCOV Co. bought a new stake in Wolverine World Wide during the 4th quarter valued at $227,000. Millennium Management LLC grew its stake in Wolverine World Wide by 1,740.2% in the fourth quarter. Millennium Management LLC now owns 1,204,127 shares of the textile maker’s stock valued at $21,855,000 after purchasing an additional 1,138,691 shares during the last quarter. Evolve Private Wealth LLC bought a new position in Wolverine World Wide in the fourth quarter worth about $701,000. Engineers Gate Manager LP lifted its position in shares of Wolverine World Wide by 118.8% during the fourth quarter. Engineers Gate Manager LP now owns 133,768 shares of the textile maker’s stock valued at $2,428,000 after buying an additional 72,642 shares during the last quarter. Finally, Aristotle Capital Boston LLC boosted its holdings in shares of Wolverine World Wide by 32.3% in the 4th quarter. Aristotle Capital Boston LLC now owns 702,079 shares of the textile maker’s stock valued at $12,743,000 after buying an additional 171,509 shares in the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Wolverine World Wide

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About Wolverine World Wide

(Get Free Report)

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.

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Analyst Recommendations for Wolverine World Wide (NYSE:WWW)

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