Wolverine World Wide (NYSE:WWW) Price Target Raised to $22.00 at Telsey Advisory Group

Wolverine World Wide (NYSE:WWWGet Free Report) had its price objective upped by stock analysts at Telsey Advisory Group from $18.00 to $22.00 in a report issued on Friday. 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 9.78% from the stock’s current price.

WWW has been the subject of several other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Wolverine World Wide in a report on Monday, December 29th. UBS Group decreased 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 report on Thursday, January 8th. Stifel Nicolaus set a $25.00 target price on shares of Wolverine World Wide in a research note on Thursday, November 6th. KeyCorp cut their price target on shares of Wolverine World Wide from $32.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Zacks Research downgraded Wolverine World Wide from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Four equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.50.

Check Out Our Latest Report on WWW

Wolverine World Wide Price Performance

WWW stock opened at $20.04 on Friday. The company has a market capitalization of $1.64 billion, a P/E ratio of 19.27 and a beta of 1.91. The company has a fifty day moving average price of $18.19 and a 200-day moving average price of $22.09. 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 has a 52-week low of $9.58 and a 52-week high of $32.80.

Wolverine World Wide (NYSE:WWWGet Free Report) last announced its earnings results on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $517.50 million for the quarter, compared to the consensus estimate of $510.49 million. Wolverine World Wide had a return on equity of 31.43% and a net margin of 4.73%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. As a group, equities analysts expect that Wolverine World Wide will post 1.23 EPS for the current year.

Institutional Investors Weigh In On Wolverine World Wide

A number of hedge funds have recently added to or reduced their stakes in WWW. Covestor Ltd grew its position in Wolverine World Wide by 16,025.0% in the 3rd quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 1,282 shares during the period. Clearstead Advisors LLC lifted its stake in shares of Wolverine World Wide by 191.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after buying an additional 1,053 shares in the last quarter. Hara Capital LLC acquired a new position in shares of Wolverine World Wide during the second quarter valued at about $30,000. Canada Pension Plan Investment Board bought a new stake in shares of Wolverine World Wide during the second quarter worth about $34,000. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Wolverine World Wide by 1,605.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock worth $73,000 after acquiring an additional 2,505 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Key Stories Impacting Wolverine World Wide

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Wolverine World Wide Company Profile

(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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