Fintel reports that on December 11, 2024, Stifel upgraded their outlook for Wolverine World Wide (NYSE:WWW) from Hold to Buy.
Analyst Price Forecast Suggests 8.25% Upside
As of December 3, 2024, the average one-year price target for Wolverine World Wide is $24.59/share. The forecasts range from a low of $21.21 to a high of $29.40. The average price target represents an increase of 8.25% from its latest reported closing price of $22.72 / share.
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The projected annual revenue for Wolverine World Wide is 2,942MM, an increase of 64.63%. The projected annual non-GAAP EPS is 2.33.
What is the Fund Sentiment?
There are 470 funds or institutions reporting positions in Wolverine World Wide. This is an increase of 26 owner(s) or 5.86% in the last quarter. Average portfolio weight of all funds dedicated to WWW is 0.11%, an increase of 16.09%. Total shares owned by institutions increased in the last three months by 15.00% to 96,880K shares. 
The put/call ratio of WWW is 0.28, indicating a bullish outlook.
What are Other Shareholders Doing?
FLPSX - Fidelity Low-Priced Stock Fund holds 5,501K shares representing 6.87% ownership of the company. In its prior filing, the firm reported owning 5,167K shares , representing an increase of 6.07%. The firm increased its portfolio allocation in WWW by 43.52% over the last quarter.
Earnest Partners holds 5,210K shares representing 6.51% ownership of the company. In its prior filing, the firm reported owning 5,322K shares , representing a decrease of 2.15%. The firm increased its portfolio allocation in WWW by 17.47% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 5,103K shares representing 6.37% ownership of the company. In its prior filing, the firm reported owning 5,168K shares , representing a decrease of 1.29%. The firm increased its portfolio allocation in WWW by 14.16% over the last quarter.
CALF - Pacer US Small Cap Cash Cows 100 ETF holds 4,715K shares representing 5.89% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,437K shares representing 3.04% ownership of the company. In its prior filing, the firm reported owning 2,434K shares , representing an increase of 0.12%. The firm increased its portfolio allocation in WWW by 21.16% over the last quarter.
Wolverine World Wide Background Information
(This description is provided by the company.)
Founded in 1883 on the belief in the possibility of opportunity, Wolverine World Wide, Inc. is one of the world’s leading marketers and licensors of branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel. Through a diverse portfolio of highly recognized brands, its products are designed to empower, engage and inspire its consumers every step of the way. The company’s portfolio includes Merrell®, Sperry®, Hush Puppies®, Saucony®, Wolverine®, Keds®, Stride Rite®, Chaco®, Bates®, and HYTEST®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 130 years, the company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories.
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