Wolverine World Wide stock price target raised to $30 by UBS

Investing.com - UBS raised its price target on Wolverine World Wide (NYSE:WWW) to $30.00 from $22.00 on Monday, while maintaining a Buy rating on the footwear company’s stock. The stock, currently trading at $24.24, sits near its 52-week high of $24.64, having surged 11.3% in the past week.

The investment firm expects Wolverine to report strong second-quarter results, driven by momentum at its Saucony brand and solid performance from Merrell. UBS forecasts that the company will exceed consensus earnings per share estimates by 4 cents for the quarter. With earnings scheduled for August 6, InvestingPro subscribers can access comprehensive earnings analysis tools and 12 additional exclusive insights about WWW’s performance.

UBS noted that Wolverine is likely to provide only third-quarter guidance due to ongoing uncertainty regarding tariffs. The firm’s base case scenario anticipates the company will deliver an outlook for the third quarter that aligns with current market expectations.

The options market is pricing in a potential 10.4% stock price movement following Wolverine’s earnings report, which exceeds the historical average move of 7.6%, according to UBS.

UBS identified both upside and downside risks surrounding the upcoming earnings report, suggesting the event has potential for above-average volatility in Wolverine’s stock price.

In other recent news, Wolverine World Wide has seen significant developments that could interest investors. Williams Trading raised its price target for the company to $25, citing momentum in its Active Group, particularly with the Saucony and Merrell brands. The firm revised its fiscal year 2025 estimates, projecting Saucony revenue to increase by 20.6% and Merrell by 7.8%. Argus analysts also upgraded Wolverine’s stock rating to Buy, setting a new price target of $20, highlighting the company’s successful turnaround strategy and robust sales.

Additionally, UBS increased its price target to $22, maintaining a Buy rating, attributing this to Wolverine’s continued investment in its Active brands and strategic initiatives. The company has also appointed Cheryl Abel-Hodges and Jack Boyle to its Board of Directors, effective July 1, 2025. Williams Trading previously adjusted its price target to $21 following a U.S.-China tariff agreement, noting that the company’s first-quarter earnings and revenue exceeded expectations. These developments reflect Wolverine’s efforts to improve its business performance and adapt to market conditions.

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