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Investing.com - Wolverine World Wide (NYSE:WWW) received a reaffirmed Buy rating and $36.00 price target from Stifel following the company’s third-quarter earnings report. According to InvestingPro data, this target represents a significant 134% upside from the current price of $15.39, suggesting analysts see substantial growth potential despite recent volatility.
The footwear manufacturer posted revenue of $470.3 million for the third quarter of 2025, exceeding both Stifel’s estimate of $466.6 million and the consensus forecast of $462.6 million. Active Brands delivered 8.8% currency-adjusted growth, with Saucony and Merrell brands growing 24.9% and 3.5% respectively, though the Wolverine brand itself declined 8.2%. This performance contributes to the company’s $1.82 billion in revenue over the last twelve months, with a healthy gross profit margin of 45.9%.
Wolverine World Wide updated its full-year 2025 revenue guidance to between $1,855 million and $1,870 million, slightly below Stifel’s previous estimate but capturing the Street consensus of $1,868 million at the high end. The company’s adjusted earnings per share guidance of $1.29-$1.34 aligns with both Stifel and consensus expectations. InvestingPro data shows the company has maintained dividend payments for 38 consecutive years, demonstrating long-term financial stability.
Stifel noted that an inventory accounting change increased third-quarter adjusted earnings per share by $0.02 and gross margin by 50 basis points, creating what the firm called "a messier comparison" for the quarter.
The research firm characterized pre-market pressure on the stock as "overdone" while maintaining its Buy rating, with estimates currently under review.
In other recent news, Wolverine World Wide announced a quarterly cash dividend of $0.10 per share, consistent with previous payouts, leading to an annual dividend of $0.40 per share. UBS has raised its price target for Wolverine World Wide to $39, maintaining a Buy rating, citing strong performance in the Saucony and Merrell brands as key drivers. However, Williams Trading downgraded the company from Buy to Hold, adjusting its price target to $27 due to concerns about slowing sales growth in the Saucony brand. S&P Global Ratings upgraded Wolverine’s $600 million revolver rating to ’BB-’ from ’B+’, highlighting a reduced secured debt load. Moody’s also improved Wolverine’s credit ratings, acknowledging the company’s turnaround progress, which has enhanced its operating income and credit metrics. These developments reflect a mixed outlook for Wolverine World Wide, with positive momentum in some areas and concerns in others.
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