Williams Trading has revised its price target for Wolverine World Wide (WWW, Financial), lowering it from $20 to $15 while maintaining a Buy rating. This adjustment is part of a broader reduction in estimates and price targets across their retail sector coverage, with an average decrease in price-to-earnings multiples of 20.4%. The move reflects concerns over the potential impact of increased tariffs on product costs, pricing strategies, and consumer demand.
The analysis notes that the imposition of an additional 145% tariff on products imported from China has significantly hindered product shipments to the United States. This development poses a challenge for companies like Wolverine World Wide that depend heavily on Chinese goods for their U.S. sales. The uncertainty surrounding these tariffs may lead many companies under their coverage to withhold or retract forward-looking financial guidance.
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 70.13% from the current price of $11.56. 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 downside of 1.3% from the current price of $11.56. 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.
