Wolverine World Wide (NYSE:WWW) Given New $26.00 Price Target at Needham & Company LLC

Wolverine World Wide (NYSE:WWW) had its price objective increased by research analysts at Needham & Company LLC from $24.00 to $26.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC‘s price target points to a potential upside of 15.32% from the stock’s previous close.

A number of other brokerages have also weighed in on WWW. Seaport Research Partners reiterated a “buy” rating and set a $30.00 target price on shares of Wolverine World Wide in a research report on Friday, August 14th. Williams Trading set a $20.00 price objective on Wolverine World Wide in a report on Wednesday, August 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wolverine World Wide in a research note on Tuesday, September 8th. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Finally, Zacks Research lowered shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.33.

Wolverine World Wide Stock Up 2.8%

Shares of WWW traded up $0.61 during trading hours on Thursday, reaching $22.55. 494,095 shares of the stock traded hands, compared to its average volume of 1,076,995. Wolverine World Wide has a 52 week low of $14.00 and a 52 week high of $23.84. The stock has a fifty day simple moving average of $19.93 and a 200 day simple moving average of $18.22. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.47 and a beta of 1.67.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, November 12th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.33. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The company had revenue of $505.40 million during the quarter, compared to analyst estimates of $500.08 million. During the same period in the prior year, the company posted $0.36 earnings per share. Wolverine World Wide’s quarterly revenue was up 7.5% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.950-1.990 EPS. On average, equities analysts forecast that Wolverine World Wide will post 1.64 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Wolverine World Wide during the second quarter valued at $204,878,000. Callodine Capital Management LP boosted its holdings in Wolverine World Wide by 27.8% in the first 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 in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Wolverine World Wide in the second quarter worth $13,557,000. Manning & Napier Advisors LLC purchased a new stake in shares of Wolverine World Wide in the second quarter worth $11,571,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Wolverine World Wide by 21.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,797,577 shares of the textile maker’s stock worth $29,333,000 after acquiring an additional 313,883 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

Recent Wolverine World Wide Headlines

Here are a few of the latest headlines about WWW:

• Positive Sentiment: Third-quarter EPS was $0.79, well above the $0.46 analyst estimate and up from $0.36 a year earlier. Revenue rose 7.5% year over year to $505.4 million, topping expectations of about $500 million. MarketWatch article
• Positive Sentiment: Coverage pointed to strength at Saucony, including growth in direct-to-consumer sales, as a contributor to the quarter’s performance. SGB Online article
• Neutral Sentiment: Tariff refunds also boosted profits. That benefit may not necessarily recur, so investors may weigh the earnings beat against how much came from ongoing business performance. MSN article

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.