Wall Street Zen Upgrades Wolverine World Wide (NYSE:WWW) to “Buy”

Wolverine World Wide (NYSE:WWW) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $21.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th. Weiss Ratings raised Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Zacks Research cut shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Seaport Research Partners reissued a “buy” rating and issued a $30.00 target price on shares of Wolverine World Wide in a report on Friday, August 14th. Finally, Robert W. Baird raised their target price on shares of Wolverine World Wide from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Wolverine World Wide has an average rating of “Hold” and an average target price of $23.11.

Wolverine World Wide Stock Up 0.2%

Shares of WWW opened at $21.00 on Friday. Wolverine World Wide has a 52 week low of $13.47 and a 52 week high of $32.80. The firm has a market cap of $1.72 billion, a P/E ratio of 16.28 and a beta of 1.73. The firm’s 50-day simple moving average is $18.42 and its 200 day simple moving average is $17.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $506.40 million for the quarter, compared to analyst estimates of $500.74 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. On average, analysts forecast that Wolverine World Wide will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in shares of Wolverine World Wide by 111.8% during the first quarter. Renaissance Technologies LLC now owns 534,045 shares of the textile maker’s stock worth $8,716,000 after buying an additional 281,845 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Wolverine World Wide by 4.1% during 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 in the last quarter. First Trust Advisors LP boosted its holdings in shares of Wolverine World Wide by 262.7% during the 1st quarter. First Trust Advisors LP now owns 87,190 shares of the textile maker’s stock valued at $1,423,000 after acquiring an additional 63,154 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Wolverine World Wide by 106.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,164,314 shares of the textile maker’s stock worth $21,132,000 after acquiring an additional 601,059 shares during the last quarter. Finally, Aristotle Capital Boston LLC grew its position in Wolverine World Wide by 32.3% during the 4th quarter. Aristotle Capital Boston LLC now owns 702,079 shares of the textile maker’s stock worth $12,743,000 after acquiring an additional 171,509 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

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.