Wolverine World Wide (NYSE:WWW) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Wolverine World Wide to “Buy” from “Hold.” However, the broader analyst consensus remains “Hold,” with five Buy ratings and six Hold ratings and an average price target of $23.11.
• Wolverine World Wide reported quarterly EPS of $0.40, beating estimates of $0.38, while revenue rose 6.8% year over year to $506.4 million. Management guided to fiscal 2026 EPS of $1.55–$1.65.
• The stock opened at $21.00, with a $1.72 billion market capitalization and a 12-month trading range of $13.47 to $32.80. Institutional investors own approximately 90.25% of the company.

Wolverine World Wide (NYSE:WWW - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Several other analysts have also recently weighed in on WWW. UBS Group lifted their price objective on Wolverine World Wide from $29.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Telsey Advisory Group reissued a "market perform" rating and issued a $21.00 target price on shares of Wolverine World Wide in a research report on Friday, August 14th. KeyCorp restated an "overweight" rating and issued a $25.00 target price on shares of Wolverine World Wide in a research note on Thursday, August 13th. Stifel Nicolaus lifted their price target on Wolverine World Wide from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Finally, Seaport Research Partners reaffirmed a "buy" rating and issued a $30.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $23.11.

Wolverine World Wide Stock Up 2.7%

Shares of NYSE WWW opened at $21.00 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. Wolverine World Wide has a 12 month low of $13.47 and a 12 month high of $32.80. The firm has a market capitalization of $1.72 billion, a PE ratio of 16.28 and a beta of 1.73. The firm has a fifty day simple moving average of $18.42 and a two-hundred day simple moving average of $17.52.

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

Institutional Trading of Wolverine World Wide

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Wolverine World Wide by 295.7% in the 1st quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker's stock worth $460,000 after buying an additional 24,701 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $660,000 after buying an additional 2,321 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Wolverine World Wide by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker's stock worth $20,929,000 after acquiring an additional 537,854 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Wolverine World Wide by 13.4% in 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 acquiring an additional 26,870 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Wolverine World Wide by 4.8% in the second quarter. Invesco Ltd. now owns 997,217 shares of the textile maker's stock worth $18,030,000 after acquiring an additional 45,982 shares during the last quarter. 90.25% of the stock is owned by institutional investors.

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.

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