Needham & Company LLC Forecasts Strong Price Appreciation for Wolverine World Wide (NYSE:WWW) Stock

Wolverine World Wide (NYSE:WWW) had its price objective hoisted by research analysts at Needham & Company LLC from $21.00 to $24.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s price target would suggest a potential upside of 20.14% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Zacks Research cut shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Wall Street Zen cut Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Robert W. Baird lowered their price target on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Telsey Advisory Group lowered their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Finally, 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. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.12.

Wolverine World Wide Stock Up 10.6%

Shares of WWW stock traded up $1.92 during trading hours on Thursday, reaching $19.98. 429,579 shares of the company’s stock were exchanged, compared to its average volume of 1,170,392. Wolverine World Wide has a fifty-two week low of $13.47 and a fifty-two week high of $32.80. The stock’s 50 day moving average is $17.95 and its 200-day moving average is $17.37. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 16.16 and a beta of 1.73.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $506.40 million during the quarter, compared to analysts’ expectations of $500.74 million. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. Wolverine World Wide’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Analysts predict that Wolverine World Wide will post 1.56 earnings per share for the current fiscal year.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of Wolverine World Wide stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value of $87,340.00. Following the sale, the director owned 54,202 shares in the company, valued at $860,727.76. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of Wolverine World Wide

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Wolverine World Wide by 295.7% in the first quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock valued at $460,000 after purchasing an additional 24,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Wolverine World Wide by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock worth $660,000 after purchasing an additional 2,321 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Wolverine World Wide by 55.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock worth $20,929,000 after buying an additional 537,854 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Wolverine World Wide by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock worth $3,167,000 after purchasing an additional 26,870 shares in the last quarter. Finally, Invesco Ltd. increased its position in Wolverine World Wide by 4.8% during the second quarter. Invesco Ltd. now owns 997,217 shares of the textile maker’s stock worth $18,030,000 after buying an additional 45,982 shares during the period. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Wolverine World Wide

Here are the key news stories impacting Wolverine World Wide this week:

• Positive Sentiment: Quarterly earnings beat expectations: Wolverine reported adjusted earnings of $0.40 per share, exceeding the $0.38 analyst consensus and rising from $0.32 in the year-ago quarter. Wolverine World Wide Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue also topped estimates: Quarterly sales were $506.4 million versus expectations of $500.74 million, representing 6.8% year-over-year growth. The earnings beat and continued sales growth are supporting the positive investor reaction. Wolverine World Wide Earnings Report
• Positive Sentiment: 2026 earnings outlook was raised: Management now expects full-year earnings of $1.55 to $1.65 per share, with the midpoint above the current analyst consensus of $1.56. This implies confidence in the company’s operating performance and brand demand. Wolverine Posts Q2 Beat and Raises 2026 Outlook
• Neutral Sentiment: Revenue guidance remains broadly in line: Full-year sales guidance is approximately $2.0 billion, consistent with analyst expectations. The earnings guidance increase is therefore the primary catalyst rather than a major revenue forecast revision. Wolverine World Wide Shares Rise After Q2 Beat

Wolverine World Wide Company Profile

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.