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

Wolverine World Wide (NYSE:WWW - Get Free Report)'s stock had its "market perform" rating reiterated by investment analysts at Telsey Advisory Group in a report released on Friday,Benzinga reports. They presently have a $17.00 price target on the textile maker's stock. Telsey Advisory Group's price objective indicates a potential upside of 1.81% from the company's previous close. Telsey Advisory Group also issued estimates for Wolverine World Wide's Q2 2025 earnings at $0.22 EPS, FY2025 earnings at $1.10 EPS and FY2026 earnings at $1.30 EPS.

Several other equities research analysts also recently issued reports on the company. StockNews.com downgraded Wolverine World Wide from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. UBS Group lifted their price objective on Wolverine World Wide from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Stifel Nicolaus dropped their price objective on Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Robert W. Baird lifted their price objective 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, Piper Sandler dropped their price objective on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.71.

Wolverine World Wide Stock Up 9.2%

Shares of NYSE:WWW traded up $1.41 during mid-day trading on Friday, hitting $16.70. 2,516,715 shares of the company traded hands, compared to its average volume of 1,339,411. The firm has a market cap of $1.35 billion, a P/E ratio of 30.36 and a beta of 1.62. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. Wolverine World Wide has a 52-week low of $9.58 and a 52-week high of $24.64. The firm's 50 day simple moving average is $13.01 and its 200 day simple moving average is $18.17.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its earnings results on Thursday, May 8th. The textile maker reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. The business had revenue of $412.30 million for the quarter, compared to the consensus estimate of $395.94 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The company's revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. On average, equities analysts anticipate that Wolverine World Wide will post 1.23 EPS for the current year.

Institutional Investors Weigh In On Wolverine World Wide

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Wolverine World Wide by 70.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker's stock valued at $53,854,000 after acquiring an additional 998,916 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Wolverine World Wide by 5.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker's stock valued at $37,091,000 after purchasing an additional 86,475 shares during the period. Savant Capital LLC acquired a new position in Wolverine World Wide during the 4th quarter valued at approximately $205,000. Pacer Advisors Inc. acquired a new position in Wolverine World Wide during the 4th quarter valued at approximately $64,943,000. Finally, Amundi boosted its position in Wolverine World Wide by 161.5% during the 4th quarter. Amundi now owns 47,074 shares of the textile maker's stock valued at $1,067,000 after purchasing an additional 29,072 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Company Profile

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.