Telsey Advisory Group Reiterates Market Perform Rating for Wolverine World Wide (NYSE:WWW)

Key Points

• Telsey Advisory Group reaffirmed a "Market Perform" rating for Wolverine World Wide, setting a price target of $17.00, indicating a potential downside of 27.69% from the current stock price.
• Other analysts have mixed ratings for Wolverine World Wide, with two holds, seven buys, and one strong buy, averaging a "Moderate Buy" rating and a consensus target of $21.63.
• The company recently reported earnings of $0.18 per share for the last quarter, surpassing estimates, with a year-over-year revenue increase of 4.4% totaling $412.30 million.

Telsey Advisory Group reiterated their market perform rating on shares of Wolverine World Wide (NYSE:WWW - Free Report) in a research report report published on Wednesday, MarketBeat.com reports. They currently have a $29.00 price objective on the textile maker's stock, up from their previous price objective of $17.00. Telsey Advisory Group also issued estimates for Wolverine World Wide's Q3 2026 earnings at $0.37 EPS.

Other equities research analysts have also issued research reports about the stock. UBS Group upped their target price on shares of Wolverine World Wide from $22.00 to $30.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Argus upgraded shares of Wolverine World Wide from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research report on Friday, May 16th. Stifel Nicolaus decreased their price objective on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Robert W. Baird boosted their target price on Wolverine World Wide from $15.00 to $20.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Baird R W raised Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Wolverine World Wide has an average rating of "Buy" and a consensus target price of $25.38.

Wolverine World Wide Price Performance

NYSE WWW traded down $0.27 during trading on Wednesday, reaching $27.48. 3,338,141 shares of the company traded hands, compared to its average volume of 1,994,826. Wolverine World Wide has a 1-year low of $9.58 and a 1-year high of $28.57. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 26.94 and a beta of 1.74. The stock's 50 day moving average price is $20.05 and its two-hundred day moving average price is $17.08. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.77 and a current ratio of 1.24.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The textile maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.23 by $0.12. Wolverine World Wide had a return on equity of 31.99% and a net margin of 4.73%. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $447.82 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Wolverine World Wide's quarterly revenue was up 11.5% on a year-over-year basis. As a group, analysts anticipate that Wolverine World Wide will post 1.23 EPS for the current year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. Wolverine World Wide's payout ratio is presently 39.22%.

Hedge Funds Weigh In On Wolverine World Wide

Several large investors have recently made changes to their positions in WWW. Natixis acquired a new position in Wolverine World Wide during the 4th quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Wolverine World Wide in the fourth quarter valued at approximately $64,000. Hilltop National Bank acquired a new stake in Wolverine World Wide during the 2nd quarter worth $85,000. GAMMA Investing LLC raised its position in shares of Wolverine World Wide by 48.7% during the 2nd quarter. GAMMA Investing LLC now owns 8,000 shares of the textile maker's stock valued at $145,000 after acquiring an additional 2,619 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Wolverine World Wide by 7.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,305 shares of the textile maker's stock valued at $184,000 after purchasing an additional 581 shares during the period. Institutional investors and hedge funds own 90.25% of the company's stock.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.