Baird has raised its rating on Wolverine World Wide (WWW, Financial) from Neutral to Outperform, maintaining a price target of $15. This upgrade comes in response to an improved risk/reward profile following a recent decline in the stock's value. Currently, Wolverine's shares have plunged by 55% from their peak, despite a limited impact from China-to-U.S. sourcing and conservative projections for 2025 growth, particularly in the Saucony brand and the company's consolidated gross margin.
The firm expresses optimism regarding the minimal impact that tariffs might have on earnings. Baird also highlights the revival of the Saucony brand as a potential buffer against current market challenges. This brand resurgence is believed to offer some stability and future growth prospects for Wolverine World Wide.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Wolverine World Wide Inc (WWW, Financial) is $19.67 with a high estimate of $25.00 and a low estimate of $15.00. The average target implies an upside of 82.27% from the current price of $10.79. More detailed estimate data can be found on the Wolverine World Wide Inc (WWW) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Wolverine World Wide Inc's (WWW, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Wolverine World Wide Inc (WWW, Financial) in one year is $11.41, suggesting a upside of 5.75% from the current price of $10.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Wolverine World Wide Inc (WWW) Summary page.
