Wolverine World Wide (NYSE:WWW) Stock

Wolverine World Wide

Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.

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Wolverine World Wide (WWW) stock climbs after strong earnings report. Analyst upgrades to Buy with $29 price target and expects growth potential.

Wolverine World Wide Shares Up 156%, Analyst Expects Further Upside From 2025 Being An &#39;Inflection Year&#39;

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HubSpot Posts Better-Than-Expected Results, Joins Under Armour, Lyft, Wolverine World Wide, Zillow And Other Big Stocks Moving Higher On Thursday

Wolverine World Wide Inc

UBS analyst Jay Sole maintains Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Buy and lowers the price target from $29 to $26.

UBS Maintains Buy on Wolverine World Wide, Lowers Price Target to $26

Baird analyst Jonathan Komp maintains Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Neutral and lowers the price target from $21 to $18.

Baird Maintains Neutral on Wolverine World Wide, Lowers Price Target to $18

Telsey Advisory Group analyst Dana Telsey maintains Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Market Perform and lowers the price target from $23 to $17.

Telsey Advisory Group Maintains Market Perform on Wolverine World Wide, Lowers Price Target to $17

Telsey Advisory Group analyst Dana Telsey maintains Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Market Perform and maintains $23 price target.

Telsey Advisory Group Maintains Market Perform on Wolverine World Wide, Maintains $23 Price Target

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Wolverine Worldwide shares are trading lower after the company issued FY25 guidance below estimates.

Guidance

Wolverine Worldwide Sees FY25 Adj EPS Of $1.05 - $1.20 Vs. $1.34 Est.

Wolverine World Wide Sees FY25 Revenue Of $1.795B - $1.825B Vs. $1.85B Est.

Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) reported quarterly adjusted earnings of $0.42 per share which met the analyst consensus estimate. This is a 240 percent increase over losses of $(0.30) per share from the same period last year. The company reported quarterly sales of $494.70 million which beat the analyst consensus estimate of $486.84 million by 1.62 percent. This is a 6.08 percent decrease over sales of $526.70 million the same period last year.

Earnings

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Wolverine World Wide Q4 Adj $0.42, Inline, Sales $494.70M Beat $486.84M Estimate

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Earnings Scheduled For February 19, 2025

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Shares of footwear stocks are trading lower in sympathy with Deckers, which fell after Q3 earnings.

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Shares of companies within the broader consumer discretionary sector are trading higher following softer-than-expected December inflation data.

Wolverine World Wide shares are trading higher after Stifel upgraded the stock from Hold to Buy and raised its price target from $21 to $29.

Shares of Wolverine World Wide, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) have been climbing since last month, after the company <a href="https://www.benzinga.com/news/24/11/41813599/hubspot-posts-better-than-expected-results-joins-under-armour-lyft-wolverine-world-wide-zillow-and-o">reported strong quarterly results</a>.
"Following stabilization and balance sheet progress across 2024, 2025 is an inflection year," according to Stifel.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58beb7e7b85e93000190633d/jim-duffy">Analyst Jim Duffy</a> upgrading the rating for Wolverine World Wide from Hold to Buy, while raising the price target from $21 to $29.
The Wolverine World Wide Thesis: The company's earnings growth potential is "compelling," with prospects of high-margin revenue generation due to streamlined expenses and a decline in interest expenses due to lower debt balances, Duffy said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Although the stock has rallied 156% year-to-date in 2024, execution across 2025 could build "credibility for sustainable growth," lending upside, he added.
"Spring orders, Saucony momentum, and distribution expansion support growth visibility into 2025 shifting investor focus to multi-year earnings power," the analyst wrote.
"Debt aversion made us late to discount improvement potential though with continued signals of foundational improvements and revenue momentum, we expect valuation framework shifts from EV/EBITDA to P/E and investor focus shifts to opportunities," he further stated.
Price Action: Shares of Wolverine World Wide had risen by 6.38% to $24.17 at the time of publication on Wednesday.
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Image: Shutterstock

Wolverine World Wide Shares Up 156%, Analyst Expects Further Upside From 2025 Being An 'Inflection Year'

Stifel analyst Jim Duffy upgrades Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) from Hold to Buy and raises the price target from $21 to $29.

Stifel Upgrades Wolverine World Wide to Buy, Raises Price Target to $29

U.S. stocks were higher, with the Nasdaq Composite gaining around 200 points on Thursday.
Shares of HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) rose sharply during Thursday's session after the company reported better-than-expected third-quarter financial results and issued FY24 <a href="https://www.benzinga.com/news/earnings/24/11/41790530/hubspot-shares-climb-after-strong-q3-results-eps-beat-revenues-beat">guidance above estimates</a>.
HubSpot reported quarterly earnings of $2.22 per share, which beat the analyst consensus estimate of $1.91. Quarterly revenue clocked in at $669.7 million which beat the analyst consensus estimate of $646.9 million and is an increase over sales of $557.55 million from the same period last year.
HubSpot shares jumped 7.9% to $645.11 on Thursday.
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<li>Wolverine World Wide, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) jumped 26.2% to $20.25 following strong quarterly results.</li>
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Telsey Advisory Group analyst Dana Telsey maintains Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Market Perform and maintains $15 price target.

Telsey Advisory Group Maintains Market Perform on Wolverine World Wide, Maintains $15 Price Target

Wolverine World Wide shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 guidance.

Revenue from its ongoing business to be approximately $1.730 to $1.745 billion. This range compares to the previous outlook of approximately $1.71 to $1.73 billion and represents a decline of approximately 13.1% to 12.4%
<ul>
<li>Revenue from its ongoing business to be approximately $1.730 to $1.745 billion. This range compares to the previous outlook of approximately $1.71 to $1.73 billion and represents a decline of approximately 13.1% to 12.4% and a constant currency decline of approximately 13.3% to 12.6% compared to 2023.</li>
</ul>

Wolverine World Wide Raised FY24 Revenues To $1.730B-$1.745B (From $1.71B-$1.73B) Vs. $1.73B Estimate; Adjusted Diluted EPS To $0.80-$0.90 (From $0.75-$0.85) Vs. $0.84 Estimate

Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.22 by 31.82 percent. The company reported quarterly sales of $440.200 million which beat the analyst consensus estimate of $421.442 million by 4.45 percent. This is a 16.58 percent decrease over sales of $527.700 million the same period last year.

Wolverine World Wide Q3 2024 Adj. EPS $0.29 Beats $0.22 Estimate, Sales $440.200M Beat $421.442M Estimate

Press Releases

Wolverine Worldwide's Work Group Appoints Mike Maloney as Chief Product Officer

MERRELL, BIG BROTHERS BIG SISTERS OF AMERICA DESIGN ICONIC HIKER TO FOSTER INCLUSIVE OUTDOOR EXPERIENCES

Saucony® Signs Jackie Gaughan, 2024 U.S. Women's Olympic Marathon Trials Qualifier

MERRELL ANNOUNCES NOREEN NAROO-PUCCI AS CHIEF PRODUCT OFFICER

MERRELL DISRUPTS HIKE FOOTWEAR WITH SPEEDARC SURGE BOA: A LIGHTWEIGHT FUSION FOR EFFORTLESS HIKING

Wolverine Worldwide Announces Fourth Quarter and Full Year Fiscal 2024 Conference Call for February 19, 2025

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