KeyCorp Forecasts Strong Price Appreciation for Wolverine World Wide (NYSE:WWW) Stock

Wolverine World Wide (NYSE:WWWGet Free Report) had its price target upped by equities researchers at KeyCorp from $24.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. KeyCorp’s price target would suggest a potential upside of 41.76% from the stock’s current price. KeyCorp also issued estimates for Wolverine World Wide’s Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.37 EPS, Q4 2026 earnings at $0.53 EPS, FY2026 earnings at $1.48 EPS and FY2027 earnings at $1.71 EPS.

Several other equities analysts have also recently weighed in on WWW. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Telsey Advisory Group raised their target price on shares of Wolverine World Wide from $18.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of Wolverine World Wide in a research report on Monday, December 29th. UBS Group reduced their price objective on shares of Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Stifel Nicolaus set a $25.00 price objective on Wolverine World Wide in a report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.50.

Read Our Latest Analysis on Wolverine World Wide

Wolverine World Wide Stock Performance

WWW opened at $17.64 on Friday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.61 and a beta of 1.91. The business’s 50-day moving average price is $18.18 and its two-hundred day moving average price is $21.99. Wolverine World Wide has a 1 year low of $9.58 and a 1 year high of $32.80. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.34 and a quick ratio of 0.79.

Wolverine World Wide (NYSE:WWWGet Free Report) last posted its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $517.50 million during the quarter, compared to the consensus estimate of $510.49 million. During the same period last year, the company earned $0.40 earnings per share. Wolverine World Wide’s quarterly 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 analysts expect that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Wolverine World Wide

Hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas raised its stake in Wolverine World Wide by 5.1% during the second quarter. Teacher Retirement System of Texas now owns 12,300 shares of the textile maker’s stock worth $222,000 after buying an additional 595 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Wolverine World Wide by 1.0% during the second quarter. Nisa Investment Advisors LLC now owns 58,586 shares of the textile maker’s stock valued at $1,059,000 after acquiring an additional 599 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Wolverine World Wide by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock worth $1,074,000 after acquiring an additional 782 shares during the period. Amalgamated Bank raised its position in shares of Wolverine World Wide by 3.5% in the 3rd quarter. Amalgamated Bank now owns 23,831 shares of the textile maker’s stock worth $654,000 after acquiring an additional 799 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of Wolverine World Wide by 5.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 18,073 shares of the textile maker’s stock worth $327,000 after acquiring an additional 961 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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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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