Update shared on 21 Nov 2025
Fair value Decreased 11%Analysts have lowered their average price target for Wolverine World Wide by approximately $3 to $24.33. They cite softer near-term revenue growth expectations, modestly higher discount rates, and ongoing cautious company guidance, despite selective brand strength.
Analyst Commentary
Recent analyst reports on Wolverine World Wide reflect a mix of optimism regarding select brand performance and skepticism rooted in slowing growth factors and conservative outlooks. Below are key takeaways from the latest research perspectives:
Bullish Takeaways- Bullish analysts highlight that quarterly results have exceeded consensus estimates, signaling operational improvements despite a challenging environment.
- There is renewed conviction that a strategic shift toward higher value brands could structurally enhance both growth and margins in the business over the long term.
- Improvements in Active category revenue forecasts for fiscal years 2025 and 2026 are seen as a positive indicator for the company’s ability to return to growth in upcoming periods.
- Bearish analysts remain cautious due to consistently conservative company guidance, which implies revenue deceleration into the final quarter of the fiscal year.
- There are concerns about slowing year-over-year sales growth for the Saucony brand, particularly with lifestyle products for men where supply is outpacing demand.
- Lowered price targets across several research institutions reflect heightened uncertainty about near-term execution and muted overall topline expectations.
- Downgrades and neutral ratings point to an expectation that growth in key segments could continue to moderate in the absence of a clear turnaround in sales momentum.
What's in the News
- Wolverine World Wide issued earnings guidance for Q4 and full-year 2025, projecting fiscal year revenue between $1.855 billion and $1.87 billion, and diluted EPS of $1.08 to $1.13. Growth is expected to be led by flagship brands Merrell and Saucony (Corporate Guidance).
- Merrell and Gramicci announced a new collaboration to launch special editions of the Moab 2 Siren hiking boot in October 2025. This partnership merges trail performance with modern style (Product-Related Announcement).
- Cat Footwear released the Reclaimer Wedge, a rugged, stylish work boot available in multiple colorways and both men's and women's sizes. Features focus on comfort and durability (Product-Related Announcement).
- Wolverine partnered with the University of Michigan to launch a limited-edition Maker Wedge Boot. The boot features design nods to the school's legacy and supports a Name, Image, Likeness (NIL) partnership with two student athletes (Client Announcement).
- Merrell teamed up with lifestyle brand LONELY GHOST on a limited-edition capsule collection, including special versions of the Moab Speed 2 Vent 2K. Community launch events are planned in New York City (Client Announcement).
Valuation Changes
- Consensus Analyst Price Target has fallen by about $3, from $27.33 to $24.33.
- Discount Rate has risen slightly, moving from 10.28% to 10.51%.
- Revenue Growth expectations have moderated, decreasing from 5.73% to 5.49%.
- Net Profit Margin has edged up marginally, improving from 7.36% to 7.43%.
- Future P/E has declined from 19.58x to 17.49x. This reflects lower anticipated earnings multiples.
Disclaimer
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