Telsey Advisory Group Forecasts Strong Price Appreciation for Wolverine World Wide (NYSE:WWW) Stock

Wolverine World Wide (NYSE:WWWGet Free Report) had its price target hoisted by stock analysts at Telsey Advisory Group from $18.00 to $22.00 in a research note issued on Friday, MarketBeat.com reports. The firm currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 24.74% from the company’s current price.

A number of other equities analysts have also commented on WWW. Weiss Ratings reissued a “hold (c-)” rating on shares of Wolverine World Wide in a research note on Monday, December 29th. Piper Sandler downgraded Wolverine World Wide from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $16.00 in a research report on Wednesday, January 7th. BNP Paribas Exane cut shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $38.00 to $19.00 in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Argus restated a “hold” rating on shares of Wolverine World Wide in a report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.50.

View Our Latest Research Report on WWW

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $17.64 on Friday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 15.61 and a beta of 1.91. The firm has a fifty day moving average price of $18.18 and a 200 day moving average price of $21.99. Wolverine World Wide has a fifty-two week low of $9.58 and a fifty-two week high of $32.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.79 and a current ratio of 1.34.

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

Institutional Trading of Wolverine World Wide

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

Key Wolverine World Wide News

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

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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