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 reissued their market perform rating on shares of Wolverine World Wide (NYSE:WWW - Free Report) in a report issued on Wednesday morning, MarketBeat reports. The brokerage currently has a $29.00 target price on the textile maker's stock, up from their prior target price of $17.00. Telsey Advisory Group also issued estimates for Wolverine World Wide's Q3 2026 earnings at $0.37 EPS.

A number of other equities research analysts have also recently issued reports on WWW. Argus upgraded shares of Wolverine World Wide from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a research report on Friday, May 16th. UBS Group raised their target price on shares of Wolverine World Wide from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Piper Sandler reaffirmed an "overweight" rating and issued a $25.00 target price (up previously from $20.00) on shares of Wolverine World Wide in a research note on Tuesday. Baird R W raised shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Finally, Stifel Nicolaus dropped their target price on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.38.

Wolverine World Wide Stock Performance

Wolverine World Wide stock traded down $0.27 during mid-day trading on Wednesday, reaching $27.48. The company had a trading volume of 3,338,141 shares, compared to its average volume of 1,994,826. Wolverine World Wide has a 52 week low of $9.58 and a 52 week high of $28.57. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 26.94 and a beta of 1.74. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 1.58. The company has a 50 day moving average of $20.05 and a 200-day moving average of $17.12.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The textile maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.12. Wolverine World Wide had a net margin of 4.73% and a return on equity of 31.99%. The company had revenue of $474.20 million during the quarter, compared to analysts' expectations of $447.82 million. During the same quarter in the prior year, the company posted $0.15 EPS. The business's revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts expect that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

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

Institutional Trading of Wolverine World Wide

A number of hedge funds have recently modified their holdings of WWW. Natixis bought a new stake in shares of Wolverine World Wide in the fourth quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Wolverine World Wide in the 4th quarter valued at approximately $64,000. Hilltop National Bank acquired a new stake in Wolverine World Wide during the 2nd quarter valued at approximately $85,000. PNC Financial Services Group Inc. increased its position in Wolverine World Wide by 10.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,132 shares of the textile maker's stock valued at $127,000 after purchasing an additional 863 shares during the period. Finally, GAMMA Investing LLC grew 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 worth $145,000 after buying an additional 2,619 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.