Wolverine World Wide stock price target raised to $36 by Stifel on Saucony growth

Investing.com - Stifel raised its price target on Wolverine World Wide (NYSE:WWW) to $36.00 from $30.00 on Wednesday, while maintaining a Buy rating on the footwear company’s stock. The company’s shares, currently trading at $31.50, have shown remarkable momentum with a 44% gain year-to-date. According to InvestingPro, the stock has delivered an impressive 137% return over the past year.

The price target increase reflects Stifel’s higher revenue growth estimates for Wolverine’s Active segment in fiscal years 2025 and 2026, with particular emphasis on the performance of the Saucony brand. The company currently generates annual revenue of $1.82 billion, with InvestingPro analysis showing 8 analysts revising their earnings estimates upward for the upcoming period.

Stifel cited encouraging results from its proprietary Back-to-School 2025 Athletic Footwear Survey, which showed Saucony resonating well with new wholesale partners. The brand has expanded to 1,300 new lifestyle-oriented retail doors, with approximately 400 more expected to be added in the second half of 2025.

The research firm expressed increased confidence in Wolverine’s ability to generate at least $2 billion in fiscal 2026 revenue, with Saucony projected to contribute $600 million to that total.

Stifel also characterized Wolverine’s third-quarter 2025 guidance of $450-460 million in revenue and adjusted diluted earnings per share of $0.28-$0.32 as conservative, noting that the company’s second-quarter results included a revenue beat of $23 million.

In other recent news, Wolverine World Wide reported a strong performance in its second-quarter 2025 earnings, exceeding both earnings per share (EPS) and revenue forecasts. The company achieved an EPS of $0.35, surpassing the expected $0.23, and reported revenue of $474 million, beating the anticipated $444 million. Following this performance, Stifel raised its price target for Wolverine World Wide to $30.00 from $25.00, maintaining a Buy rating. Stifel highlighted the company’s $28 million revenue beat and noted that Wolverine’s guidance for the third quarter appears conservative, suggesting potential for upside.

Additionally, UBS also increased its price target for Wolverine to $36.00 from $30.00, citing the company’s ongoing investments in its Active brands as a key factor for future sales and earnings growth. In another development, Wolverine World Wide announced the formation of its first Junior Board, consisting of 11 early-career professionals. This advisory body will meet monthly to provide perspectives from emerging talent and foster communication with the executive team and CEO. These recent developments reflect Wolverine’s strategic initiatives and strong market performance.

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