Wolverine World Wide (NYSE:WWW) Given New $26.00 Price Target at Stifel Nicolaus

Wolverine World Wide (NYSE:WWW) had its price objective boosted by Stifel Nicolaus from $25.00 to $26.00 in a report published on Friday, MarketBeat Ratings reports. The firm currently has a buy rating on the textile maker’s stock.

A number of other equities research analysts have also commented on WWW. Weiss Ratings raised 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 downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research lowered shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Telsey Advisory Group lowered their price target on shares of 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. Finally, KeyCorp restated an “overweight” rating and issued a $25.00 price objective on shares of Wolverine World Wide in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Wolverine World Wide has a consensus rating of “Hold” and an average price target of $23.50.

Wolverine World Wide Trading Up 6.1%

Shares of WWW opened at $21.09 on Friday. The stock has a fifty day moving average price of $18.13 and a two-hundred day moving average price of $17.41. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.89 and a current ratio of 1.55. Wolverine World Wide has a 52-week low of $13.47 and a 52-week high of $32.80. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 16.35 and a beta of 1.73.

Wolverine World Wide (NYSE:WWW) last announced its earnings results 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 return on equity of 28.50% and a net margin of 5.55%.The company had revenue of $506.40 million for the quarter, compared to analysts’ expectations of $500.74 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business’s revenue for the quarter 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. Analysts predict that Wolverine World Wide will post 1.58 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. Wolverine World Wide’s payout ratio is currently 32.26%.

Insider Buying and Selling at Wolverine World Wide

In related news, Director Brenda J. Lauderback sold 5,500 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total value of $87,340.00. Following the transaction, the director directly owned 54,202 shares in the company, valued at $860,727.76. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Wolverine World Wide in the 2nd quarter worth $204,878,000. Vanguard Group Inc. raised its position in shares of Wolverine World Wide by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock valued at $163,146,000 after acquiring an additional 353,808 shares during the period. Callodine Capital Management LP boosted its stake in Wolverine World Wide by 27.8% during the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after acquiring an additional 980,839 shares during the last quarter. State Street Corp boosted its stake in Wolverine World Wide by 2.1% during the 4th quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after acquiring an additional 63,041 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Wolverine World Wide by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock valued at $36,419,000 after purchasing an additional 59,304 shares during the period. Institutional investors and hedge funds 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:

• Positive Sentiment: Q2 results exceeded expectations. Wolverine reported adjusted earnings of $0.40 per share, above the $0.38 consensus estimate and up from $0.32 a year earlier. Revenue rose 6.8% year over year to $506.4 million, surpassing estimates of approximately $500.7 million. Wolverine World Wide Q2 earnings and revenues beat estimates
• Positive Sentiment: Full-year guidance was raised or reaffirmed at a favorable level. Wolverine now expects fiscal 2026 adjusted EPS of $1.55-$1.65 and revenue of roughly $1.98 billion-$2.0 billion. The earnings range is broadly consistent with, and at the upper end above, the prior analyst consensus of $1.56, reinforcing confidence in the company’s outlook. Wolverine World Wide raises fiscal 2026 outlook
• Positive Sentiment: Brand momentum is improving. Merrell and Saucony showed strong demand, helping Wolverine gain market momentum and supporting expectations for continued sales growth and margin expansion. Management also outlined plans to sustain global growth at both brands. Wolverine CEO discusses Merrell and Saucony growth
• Positive Sentiment: Analysts raised their valuation targets. Stifel Nicolaus lifted its target from $25 to $26 with a Buy rating, Robert W. Baird raised its target from $24 to $26 with an Outperform rating, and Needham increased its target from $21 to $24 with a Buy rating. The revisions suggest analysts see additional upside following the earnings beat. Analysts raise forecasts for Wolverine World Wide

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.