Wolverine World Wide (NYSE:WWW) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Wolverine World Wide from “buy” to “hold,” contributing to an overall analyst consensus of “Hold.” The consensus price target is $23.11, with five analysts rating the stock a Buy and six rating it a Hold.
• Wolverine reported quarterly EPS of $0.40, exceeding the $0.38 estimate, while revenue rose 6.8% year over year to $506.4 million. The company reaffirmed fiscal 2026 EPS guidance of $1.55–$1.65.
• WWW shares opened at $19.10, with a market capitalization of approximately $1.57 billion and a 12-month trading range of $13.47 to $28.68. Institutional investors and hedge funds own about 90.25% of the stock.

Wolverine World Wide (NYSE:WWW - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued research reports about the company. Seaport Research Partners reiterated a "buy" rating and issued a $30.00 target price on shares of Wolverine World Wide in a research report on Friday, August 14th. UBS Group raised their target price on Wolverine World Wide from $29.00 to $31.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Wolverine World Wide in a research report on Tuesday, September 8th. Williams Trading set a $20.00 price objective on Wolverine World Wide in a research report on Wednesday, August 19th. Finally, Needham & Company LLC raised their price objective on shares of Wolverine World Wide from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $23.11.

Wolverine World Wide Stock Performance

Shares of WWW opened at $19.10 on Friday. 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 firm has a market cap of $1.57 billion, a PE ratio of 14.81, a P/E/G ratio of 1.31 and a beta of 1.72. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $28.68. The stock has a fifty day moving average price of $19.63 and a 200-day moving average price of $17.83.

Wolverine World Wide (NYSE:WWW - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $506.40 million for the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Equities research analysts predict that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in Wolverine World Wide by 1,959.4% in the 2nd quarter. NewEdge Advisors LLC now owns 20,594 shares of the textile maker's stock valued at $340,000 after acquiring an additional 19,594 shares during the period. Corient Private Wealth LP raised its position in Wolverine World Wide by 333.9% during the second quarter. Corient Private Wealth LP now owns 47,399 shares of the textile maker's stock worth $784,000 after acquiring an additional 36,476 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Wolverine World Wide during the second quarter valued at $422,000. Wellington Management Group LLP lifted its holdings in Wolverine World Wide by 3.4% during the second quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker's stock valued at $74,852,000 after purchasing an additional 146,791 shares in the last quarter. Finally, Caitlin John LLC acquired a new stake in shares of Wolverine World Wide in the second quarter valued at about $56,000. 90.25% of the stock is owned by institutional investors and hedge funds.

About Wolverine World Wide

Wolverine World Wide, Inc is a global designer, manufacturer, marketer and licensor of branded footwear, apparel and accessories. The company serves consumers through a portfolio of outdoor, athletic, lifestyle and work-oriented brands, with products sold through wholesale accounts, company-owned and third-party retail locations, and e-commerce channels.

Its principal brands include Merrell, which focuses on outdoor and trail footwear and apparel; Saucony, an athletic running and performance brand; Wolverine, known for work and lifestyle footwear; Chaco, which offers outdoor sandals and footwear; Sweaty Betty, a women's activewear brand; and Bates, a provider of uniform and duty footwear.

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