Wolverine World Wide’s price target was raised to $32.78 as analysts cited strong Q2 results, accelerating growth at key brands, and progress on turnaround initiatives—partially offset by lingering brand and macro uncertainty.
Analyst Commentary
- Bullish analysts highlighted strong Q2 results, with double-digit growth from key brands Saucony and Merrell.
- Increased conviction in Wolverine's ability to achieve at least $2B in FY26 revenue, based on improved Active revenue growth estimates and positive wholesale partner feedback for Saucony.
- Analysts noted further progress on the company’s turnaround strategy, including successful full-price selling initiatives and undervalued current valuation.
- Upside bias to earnings estimates was observed, driven by structural opportunities for sales growth and margin expansion, warranting a premium valuation.
- Some concerns persist among neutral analysts about required improvements across the brand portfolio and ongoing macroeconomic and wholesale channel headwinds.
What's in the News
- Wolverine World Wide reported no share repurchases in the recent buyback tranche, completing zero repurchases under the May 2024 program.
- Q3 2025 guidance projects revenue of $450–$460 million (2.1%–4.4% growth YoY), with expected diluted EPS of $0.24–$0.28 and adjusted EPS of $0.28–$0.32.
- Chaco unveiled two high-profile collaborations: a limited-edition Z/1 sandal with Waffle House and a Marley Family collection inspired by Bob Marley.
- Merrell expanded its performance running line with the ProMorph hybrid, debuting July 2025, and sponsored a successful relay race team for the launch.
- Wolverine launched the Workshop Wedge boot as part of a new American manufacturing initiative, and Cat Footwear introduced a Centennial collection marking Caterpillar Inc.’s 100-year history.
Valuation Changes
Summary of Valuation Changes for Wolverine World Wide
- The Consensus Analyst Price Target has risen slightly from $32.11 to $32.78.
- The Net Profit Margin for Wolverine World Wide remained effectively unchanged, moving only marginally from 8.53% to 8.67%.
- The Consensus Revenue Growth forecasts for Wolverine World Wide remained effectively unchanged, at 6.3% per annum.
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