Ultime notizie per Wolverine World Wide (NYSE:WWW) Azioni

Wolverine World Wide

Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.

Wolverine World Wide Inc

<p>Ratings for Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $16.4, a high estimate of $20.00, and a low estimate of $14.00. This current average reflects an increase of 17.14% from the previous average price target of $14.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730383249_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The standing of Wolverine World Wide among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$15.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Anna Andreeva</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$18.00</td>
<td>-</td>
</tr>
<tr>
<td>Edward Yruma</td>
<td>Keybanc</td>
<td>Announces</td>
<td>Overweight</td>
<td>$20.00</td>
<td>-</td>
</tr>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$14.00</td>
<td>$14.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Wolverine World Wide. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Wolverine World Wide compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Wolverine World Wide's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Wolverine World Wide's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/WWW/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Wolverine World Wide analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>All You Need to Know About Wolverine World Wide</h2>
<p>Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.</p>
<h3>Wolverine World Wide's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Wolverine World Wide's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately <strong>-27.82%</strong>. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Wolverine World Wide's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>3.22%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>5.32%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>0.75%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of <strong>3.69</strong>, caution is advised due to increased financial risk.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
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<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Cracking The Code: Understanding Analyst Reviews For Wolverine World Wide

<p>Telsey Advisory Group  analyst Dana Telsey   maintains Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Market Perform and maintains $15 price target.</p>


News

Price Target

Telsey Advisory Group Maintains Market Perform on Wolverine World Wide, Maintains $15 Price Target

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Shares of companies within the broader consumer discretionary sector are trading higher following better-than-expected consumer sentiment data. Strong earnings from RH and anticipated rate cuts may be lifting the sector.

<p><strong>Guess? Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ges#NYSE">GES</a>) posted mixed second-quarter fiscal 2025 results, with the top line increasing year over year. The bottom line declined from the year-ago quarter&#39;s reported figure and missed the consensus mark.</p>
<p>The company is lowering its fiscal 2025 revenue and earnings outlook to reflect the current weaker consumer environment. That said, it is effectively managing its costs and inventories while still supporting business growth through investments in marketing, new stores and infrastructure. The acquisition of rag &amp; bone is likely to have contributed to the positive performance.</p>
<h2>GES&#39;s Quarterly Performance: Key Metrics &amp; Insights</h2>
<p>GES reported adjusted earnings of 42 cents per share that missed the Zacks Consensus Estimate of 44 cents. However, the bottom line declined 42% from earnings of 72 cents in the year-ago quarter. The company&#39;s bottom-line performance reflects its decision to substantially boost marketing investments compared with last year&#39;s levels. This increased spending was aimed at supporting the international expansion of its brands, including the core Guess brand and the new additions to the portfolio, such as Guess Jeans and rag &amp; bone.</p>
<p>Net revenues amounted to $732.6 million, up 10% year over year. On a constant-currency (cc) basis, net revenues rose 13%. The strong performance was driven by the Rag &amp; Bone acquisition and robust wholesale results in Europe and Americas regions. All segments, except Asia, registered top-line growth. The consensus mark for quarterly revenues was pegged at $732 million.</p>
<div class="chart_embed">
<h3>Guess?, Inc. Price, Consensus and EPS Surprise</h3>
<p><img alt="Guess?, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/be/1724936439.png" style="height:268px; width:577px" title="" /></p>
<p>Guess?, Inc. price-consensus-eps-surprise-chart | Guess?, Inc. Quote</p>
<p>Gross margin contracted to 43.7% from 44.3% reported in the year-ago quarter. As a percentage of sales, SG&amp;A expenses increased to 38.7% from 34.6% in the prior-year quarter&#39;s level.</p>
</div>
<p>Adjusted earnings from operations were $37.9 million, down 41.6% from $65 million reported in the year-ago quarter. The adjusted operating margin came in at 5.2%, down from 9.8% reported in the same quarter last year. The downtick was mainly caused by increased expenses, the impact of newly-acquired businesses and higher promotions. However, it was partially offset by initial markups and the positive impact of higher revenues.</p>
<h2>Guess? Provides Q2 Revenue &amp; Margin Insights by Segment</h2>
<p>Revenues in the <strong>Americas Retail</strong> segment rose 8% in U.S. dollars and 9% at constant currency or cc. However, retail comparable sales, including e-commerce, declined 10% in both U.S. dollars and at cc. The segment&#39;s operating margin fell 7.6% to 1.5% in the quarter.</p>
<p><strong>Americas Wholesale</strong> revenues soared 93% on a reported basis and 94% at cc. The segment&#39;s operating margin declined 6.4% to 18.9% due to the impact of newly-acquired businesses.</p>
<p>The <strong>Europe</strong> segment&#39;s revenues increased 5% and 8% on a reported basis and at cc, respectively. Retail comp sales (including e-commerce) moved up 1% on a reported basis and 4% at cc. The segmental operating margin was 9.8%, down 3.1% year over year.</p>
<p><strong>Asia </strong>revenues declined 8% on a reported basis and 4% at cc. Retail comp sales (including e-commerce) fell 14% and 10% on a reported basis and at cc, respectively. The operating margin in the segment stood at negative 2.3%, down 1.4% year over year. The downside was primarily due to lower revenues and increased expenses.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a2/75931.jpg?v=656106988" /></p>
<p>Image Source: Zacks Investment Research</p>
<p><strong>Licensing</strong> revenues rose 4% on a reported basis and at cc. Segmental operating margin was 93.3% compared with 94.1% in the year-ago quarter. The reduction in the operating margin was primarily due to increased expenses.</p>
<h2>GES&#39;s Financial Health Snapshot &amp; Shareholder Friendly Move</h2>
<p>The Zacks Rank #3 (Hold) company exited the quarter with cash and cash equivalents of $218.9 million and long-term debt and finance lease obligations of nearly $187.8 million. Stockholders&#39; equity was around $491.2 million.</p>
<p>Net cash from operating activities for the six months ended Aug. 3, 2024, was $21.7 million. Free cash flow for the same period amounted to negative almost $23 million. For the fiscal 2025, free cash flow is envisioned to be $100 million.</p>
<p>GES announced a quarterly dividend of 30 cents per share on the company&#39;s common stock, payable on Sep. 27, 2024, to shareholders on record as of Sep. 11.</p>
<p>In the fiscal second quarter, management repurchased nearly 2.3 million shares for $50 million. Following this transaction, the company had a remaining capacity of $139.8 million in its share repurchase program.</p>
<h2>What to Expect From GES in the Future?</h2>
<p>For the fiscal 2025, Guess? projects revenue growth to be between 9.5% and 11%, down from the previous range of 10.7-12.7%.</p>
<p>The adjusted operating margin is expected to be between 7.3% and 7.8%, revised from the earlier forecast of 7.7% to 8.5% for the fiscal 2025. The GAAP operating margin is anticipated to range from 7.2-7.7% compared with the previous estimate of 7.3-8.1%.</p>
<p>Management forecasts fiscal 2025 adjusted earnings per share to be between $2.42 and $2.70, down from the earlier range of $2.62 to $3.00 and compared with $3.14 reported in the fiscal 2024. On a GAAP basis, EPS are expected to fall between $1.92 and $2.14 compared with the previous projection of $2.59 to $2.89 and $3.09 in the fiscal 2024.</p>
<p>For third-quarter fiscal 2025, management expects revenue growth in the 14.5-16.5% band. Adjusted operating margin is likely to be between 4.7% and 5.8%. On an adjusted basis, EPS are forecast in the range of 33-45 cents. On a GAAP basis, EPS are anticipated in the range of 28-38 cents.</p>
<p>Shares of this Zacks Rank #3 (Hold) company have declined 13.5% in the past three months compared with the industry&#39;s 2.8% decline.</p>
<h2>3 Promising Stocks</h2>
<p>A few better-ranked stocks are <strong>Wolverine World Wide</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/www#NYSE">WWW</a>), <strong>Kontoor Brands Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ktb#NYSE">KTB</a>) and <strong>Steven Madden, Ltd.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).</p>
<p>Wolverine World Wide designs, manufactures and distributes of a wide variety of casual and active apparel and footwear. WWW sports a Zacks Rank #1 (Strong Buy) at present.</p>
<p>The Zacks Consensus Estimate for WWW&#39;s current financial-year sales indicates a decline of almost 23% from the year-ago reported figures.</p>
<p>Kontoor Brands is an apparel company. The stock currently carries a Zacks Rank #2 (Buy).</p>
<p>The Zacks Consensus Estimate for KTB&#39;s 2024 earnings and sales indicates growth of 12.7% and 0.1%, respectively, from the 2023 reported figures. KTB has a trailing four-quarter average earnings surprise of 12.3%.</p>
<p>Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank of 2.</p>
<p>The Zacks Consensus Estimate for Steven Madden&#39;s 2024 earnings and sales indicates growth of 6.9% and 12.6%, respectively, from the year-ago reported actuals. SHOO has a trailing four-quarter average earnings surprise of 9.5%.</p>
<p><a href="https://www.zacks.com/stock/news/2329117/guess-lags-on-q2-earnings-cuts-fy25-view-on-consumer-slowdown?cid=CS-BENZ-FT-analyst_blog|earnings_article-2329117">To read this article on Zacks.com click here.</a></p>


Earnings

Mid Cap

Dividends

Retail Sales

Small Cap

Management

Markets

Trading Ideas

SHOO

Guess? Lags on Q2 Earnings, Cuts FY25 View on Consumer Slowdown

Wolverine World Wide shares are trading higher after Piper Sandler issued an Overweight rating on the stock announced a $18 price target.

<p>Piper Sandler  analyst Anna Andreeva   assumes Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Overweight rating and announces Price Target of $18.</p>


Initiation

Piper Sandler Assumes Wolverine World Wide at Overweight, Announces Price Target of $18

<p><strong>Carter&#39;s, Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cri#NYSE">CRI</a>) has been doing well, thanks to its robust business strategies. The company is benefiting from the success of its pricing strategy, inventory-management efforts and better product offerings. Management is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing, expanding international markets and efficiently controlling expenses.</p>
<h3>Delving Deeper</h3>
<p>Carter&#39;s has made significant pricing actions to address market conditions and enhance profitability. In second-quarter 2024, the company saw improved price realization and profit margins, thanks to the strength in its product offerings and lower inbound freight rates, along with better inventory management.</p>
<p>We note that the company is focused on essential core products. This focus, coupled with a compelling value proposition, wherein average retail price points are around $11, makes Carter&#39;s an attractive option for budget-conscious consumers. Its pricing strategy involves keeping its brands competitively priced, which has proven effective in maintaining competitiveness in the market.</p>
<p>The company&#39;s new Oshkosh back-to-school launch, the premium fashion denim and bottoms, has received positive feedback from customers. Also, Little Planet and PurelySoft, its newest and sustainable brands, have been performing well. Management expects about $50 million with respect to the incremental investments in pricing and marketing in the second half of 2024. The impact of this price adjustment will be around $40 million on its annual operating income.</p>
<p>Although Carter&#39;s top line continued to witness the impacts of inflation on reduced consumer spending, the demand trends in the wholesale segment showed improvement in the second quarter. The company noted that its wholesale segment is gaining from leaner inventories with wholesale customers.</p>
<p>As a result, CRI registered growth in its U.S. Wholesale sales. In the reported quarter, it saw higher demand in its U.S. Wholesale segment, led by the exclusive brands. It experienced double-digit growth in the replenishment wholesale sales in the quarter. The company&#39;s supply chain continues to strengthen the business, offsetting lower product costs for the rest of this year. For the U.S. Wholesale business, management projects strong growth in 2024.</p>
<p>Carter&#39;s, which shares space with <strong>Wolverine </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/www#NYSE">WWW</a>), <strong>Skechers </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>) and <strong>Steven Madden</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>), focuses on efficient cost management and operational improvements. The company has been witnessing a notable expansion in its margin rates, driven in part by lower inbound freight rates, which were the significant contributor to the margins. In the second quarter, the gross margin expanded 150 basis points (bps) on lower product input costs, a decline in inbound freight rates and soft sales to the off-price channel, which were partly offset by inventory provisions. The adjusted operating margin increased 70 bps to 7%.</p>
<p>Margins have been driving the bottom line as well. In the second quarter, Carter&#39;s reported adjusted earnings of 76 cents per share, which surpassed the Zacks Consensus Estimate of 45 cents. The figure rose 18.8% from earnings of 64 cents per share in the prior-year quarter.</p>
<p>For the rest of 2024, Carter&#39;s anticipates lower product costs, which are expected to enable it to strengthen its product offerings and sharpen price points, thereby improving profitability. It anticipates inbound freight costs down more than 20%.</p>
<h3>Other Stocks</h3>
<p>Wolverine has been making significant strides in its transformation plan. The company is enhancing its consumer engagement with innovative marketing campaigns and strengthening its global presence. Its strategic initiatives emphasize consumer-centricity, with investments in talent acquisition, consumer insights and innovation. This approach enhances brand loyalty, fosters product innovation and drives long-term growth by meeting evolving consumer demands.&nbsp; With a consistent focus on product innovation and market positioning, Wolverine is well-positioned for continued growth and increased market share.</p>
<p>Skechers&#39; diversified portfolio of footwear, focusing on comfort-based products and leveraging a multi-brand strategy, is proving successful. The company is investing in global infrastructure, including retail stores, e-commerce platforms and distribution centers. It continues to expand its direct-to-consumer segment and bolsterinternational sales growth. Additionally, the company plans to open new stores, thereby enhancing its omnichannel capabilities. Its top line jumped 7.2% year over year, backed by a 6.9% rise in international sales and a 7.7% increase in domestic sales in second-quarter 2024.</p>
<p>Steven Madden&#39;s solid performance across its wholesale, direct-to-consumer and licensing segments highlights the execution of its robust strategic initiatives and positions it well for growth. The company is focused on leveraging digital capabilities, expanding categories beyond footwear, such as handbags and apparel, and enhancing its international market presence. In the second quarter, Steven Madden&#39;s revenues increased 17.6% year over year, with Wholesale revenues growing 22.5% and DTC revenues rising 6.4%.</p>
<p><a href="https://www.zacks.com/stock/news/2322687/carter-s-cri-pricing-actions-wholesale-channel-bode-well?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2322687">To read this article on Zacks.com click here.</a></p>


Earnings Beats

Carter's Pricing Actions & Wholesale Channel Bode Well

<p>Keybanc  analyst Edward Yruma   upgrades Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) from Sector Weight to Overweight and announces $20 price target.</p>


Upgrades

Keybanc Upgrades Wolverine World Wide to Overweight, Announces $20 Price Target

<p>Analysts' ratings for Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for Wolverine World Wide, presenting an average target of $15.8, a high estimate of $20.00, and a low estimate of $14.00. Witnessing a positive shift, the current average has risen by 14.49% from the previous average price target of $13.80.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723129213_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Wolverine World Wide by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$14.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$14.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$20.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Mitch Kummetz</td>
<td>Seaport Global</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Wolverine World Wide. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Wolverine World Wide compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of Wolverine World Wide's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Wolverine World Wide's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/WWW/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Wolverine World Wide analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Delving into Wolverine World Wide's Background</h2>
<p>Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.</p>
<h3>Wolverine World Wide: A Financial Overview</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Wolverine World Wide faced challenges, resulting in a decline of approximately <strong>-34.12%</strong> in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Wolverine World Wide's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>-3.75%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Wolverine World Wide's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>-5.57%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Wolverine World Wide's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>-0.76%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Wolverine World Wide's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>4.04</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


In-Depth Examination Of 5 Analyst Recommendations For Wolverine World Wide

<p>Baird  analyst Jonathan Komp   maintains Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Neutral and raises the price target from $13 to $15.</p>


Baird Maintains Neutral on Wolverine World Wide, Raises Price Target to $15

<p>Telsey Advisory Group  analyst Dana Telsey   maintains Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Market Perform and maintains $14 price target.</p>


Telsey Advisory Group Maintains Market Perform on Wolverine World Wide, Maintains $14 Price Target

<p>For Fiscal year 2024, the Company currently expects:</p>
<ul>
<li>Revenue&nbsp;from its ongoing business to be approximately&nbsp;$1.71&nbsp;to&nbsp;$1.73 billion. This range compares to the previous&nbsp;outlook&nbsp;of approximately&nbsp;$1.68&nbsp;to&nbsp;$1.73 billion&nbsp;and represents a decline of approximately&nbsp;14.2%&nbsp;to&nbsp;13.2%&nbsp;and a constant currency decline of approximately&nbsp;14.1%&nbsp;to&nbsp;13.1%&nbsp;compared to 2023.</li>
<li>Gross margin&nbsp;of approximately&nbsp;44.5%, up 460 basis points compared to 2023, which remains unchanged from the previous&nbsp;outlook.</li>
<li>Operating margin&nbsp;to be approximately 6.0 % and adjusted operating margin to be approximately&nbsp;7.4%, up 350 basis points compared to 2023. This compares to the previous operating margin&nbsp;outlook&nbsp;of approximately&nbsp;5.7%&nbsp;and adjusted operating margin of approximately&nbsp;7.0%.</li>
<li>The effective tax rate&nbsp;to be approximately&nbsp;18.5%, as compared to the previous&nbsp;outlook&nbsp;of&nbsp;18.0%</li>
<li>Diluted earnings per share&nbsp;in the range of&nbsp;$0.53&nbsp;to&nbsp;$0.63&nbsp;and adjusted diluted earnings per share in the range of&nbsp;$0.75&nbsp;to&nbsp;$0.85. This compares to the previous&nbsp;outlook&nbsp;for diluted earnings per share in the range of&nbsp;$0.43&nbsp;to&nbsp;$0.63&nbsp;and adjusted diluted EPS between&nbsp;$0.65&nbsp;and&nbsp;$0.85. These full-year EPS expectations continue to include an approximate&nbsp;$0.10&nbsp;negative impact from foreign currency exchange rate fluctuations.</li>
<li>Diluted weighted average shares&nbsp;of approximately 80 million, unchanged from previous&nbsp;guidance.</li>
<li>Inventory&nbsp;to decline by at least&nbsp;$75 million&nbsp;at year end compared to the prior year end, unchanged from previous&nbsp;guidance.</li>
<li>Net Debt&nbsp;at year end to be approximately&nbsp;$565 million, a reduction of&nbsp;$175 million&nbsp;from the prior year end, unchanged from previous&nbsp;guidance</li>
</ul>


Guidance

Wolverine World Wide Sees FY24 Revenues Of $1.71B-$1.73B Vs. $1.73B Estimate (Prior View: $1.68B-$1.73B); Sees Adjusted Diluted EPS Of $0.75-$0.85 Vs. $0.81 Estimate (Prior View: $0.65-$0.85)

<p>Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.12 by 25 percent. This is a 21.05 percent decrease over earnings of $0.19 per share from the same period last year.  The company reported quarterly sales of $425.20 million which beat the analyst consensus estimate of $411.06 million by 3.44 percent.  This is a 27.82 percent decrease over sales of $589.10 million the same period last year.</p>


Wolverine World Wide Q2 Adj $0.15 Beats $0.12 Estimate, Sales $425.20M Beat $411.06M Estimate

Wolverine World Wide shares are trading higher after UBS upgraded the stock from Neutral to a Buy and raised its price target from $13 to $20.

<p>Analysts' ratings for Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) over the last quarter vary from bullish to bearish, as provided by 9 analysts.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $14.11, with a high estimate of $20.00 and a low estimate of $10.00. Surpassing the previous average price target of $11.12, the current average has increased by 26.89%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721401259_0.png" alt="price target chart" /></p>
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Wolverine World Wide by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$20.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Mitch Kummetz</td>
<td>Seaport Global</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Sam Poser</td>
<td>Williams Trading</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$14.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$10.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Mitch Kummetz</td>
<td>Seaport Global</td>
<td>Announces</td>
<td>Buy</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$10.00</td>
<td>$10.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Wolverine World Wide. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Wolverine World Wide compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Wolverine World Wide's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Wolverine World Wide's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/WWW/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Wolverine World Wide analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Unveiling the Story Behind Wolverine World Wide</h2>
<p>Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.</p>
<h3>Understanding the Numbers: Wolverine World Wide's Finances</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Wolverine World Wide faced challenges, resulting in a decline of approximately <strong>-34.12%</strong> in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Wolverine World Wide's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>-3.75%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>-5.57%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>-0.76%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Wolverine World Wide's debt-to-equity ratio surpasses industry norms, standing at <strong>4.04</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Beyond The Numbers: 9 Analysts Discuss Wolverine World Wide Stock

<p>UBS  analyst Jay Sole   upgrades Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) from Neutral to Buy and raises the price target from $13 to $20.</p>


UBS Upgrades Wolverine World Wide to Buy, Raises Price Target to $20

<p>The Zacks Shoes and Retail Apparel industry continues to deal with hardships from elevated costs, reduced spending trends on discretionary items and increased marketing investments. These headwinds have been the key burdens on the participating companies&#39; profits. Additionally, adverse currency movements threaten industry players due to their worldwide presence.<br />
However, the industry looks lucrative owing to rising consumer awareness about leading a healthy lifestyle, which has resulted in positive demand trends for activewear and athletic shoes. New and innovative designs have been the key drivers for the industry participants. Players focused on product innovation, store expansion, digital investments and omnichannel growth are expected to gain. Investments in products and e-commerce portals bode well for players like <strong>Adidas AG</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTC">ADDYY</a>), <strong>Skechers </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>), <strong>Caleres Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cri#NYSE">CRI</a>) and <strong>Wolverine World Wide</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/www#NYSE">WWW</a>).</p>
<p><strong>About the Industry</strong></p>
<p>The Zacks Shoes and Retail Apparel industry comprises companies that design, source and market clothing, footwear and accessories for men, women and children under various brand names. Product offerings of the companies mostly include athletic and casual footwear, fashion apparel and activewear, sports equipment, bags, balls, and other sports and fashion accessories. The companies showcase their products through their branded outlets and websites. Some companies distribute products via other retail stores, such as national chains, online retailers, sporting goods stores, department stores, mass merchandisers, independent retailers and catalogs.</p>
<p><strong>A Look at What&#39;s Shaping the Shoes and Retail Apparel Industry&#39;s Future</strong></p>
<p><em><strong>Cost Headwinds: </strong></em>Companies in the industry are witnessing elevated costs due to factors like commodity cost inflation and reinvestments. Supply-chain constraints and elevated logistic costs have been acting as deterrents. Many companies expect increased logistic costs to hurt margins in the near term. Elevated marketing expenses, higher operating overhead and demand-creating expenses and increased investments to enhance store and digital operations have been raising SG&amp;A costs. Also, industry participants are witnessing rising costs to support brand campaigns and digital investments. The exit from the Russia business due to the Ukraine-Russia conflict is likely to be the key concern for some players. A tough and competitive labor market is another headwind. These factors pose a threat to the industry players&#39; margins.<br />
<em><strong>Consumer Demand Trends:</strong> </em>Players in the industry have been benefiting from strong consumer demand for activewear/athleisure products and footwear. The trend is expected to continue in 2024. Athletic goods and apparel companies offer products from footwear, sweatshirts, leggings, pants, jackets and tops to yoga wear and running clothes for men and women. The increasing focus on fashion is boosting the demand for innovative clothes and footwear in the United States. Industry participants have been focused on product innovations, active promotions, store expansion and enhancing e-commerce capabilities to gain market share. Favorable health and wellness trends have been the key to inspiring footwear manufacturers to expand their product portfolios. The companies continue to innovate styles, materials and colors and incorporate functional designs to grab a large share of the fast-growing market. Multi-functional shoes, which cater to casual and formal looks, have been gaining popularity.<br />
<em><strong>E-Commerce Investments:</strong></em> E-commerce has been playing a crucial role in the athleisure market&#39;s growth. The companies in the market segment are looking to build a customer base through websites, social media and other digital channels. As consumers continue to shop from home, the growth of athletic-inspired apparel and digital sales are likely to continue. Companies focused on expanding their athletic-based apparel lines and building on e-commerce capabilities are expected to witness growth in the long run. Efforts to accelerate deliveries through investments in supply chains and order fulfillment avenues are likely to provide an edge to industry players. Simultaneously, companies are investing in renovations and improved checkouts, as well as mobile point-of-sale capabilities, to make stores attractive. Efforts to enhance experiences through multiple channels are likely to contribute significantly to improving traffic and transactions in stores and online.</p>
<p><strong>Zacks Industry Rank Indicates Dull Prospects</strong></p>
<p>The Zacks Shoes and Retail Apparel Industry is an 11-stock group within the broader Zacks Consumer Discretionary sector. The industry currently carries a Zacks Industry Rank #164, which places it in the bottom 34% of more than 250 Zacks industries.<br />
The group&#39;s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.<br />
The industry&#39;s positioning in the bottom 50% of the Zacks-ranked industries is the result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are losing confidence in this group&#39;s earnings growth potential.<br />
Before we present a few stocks that you may want to consider for your portfolio, let&#39;s look at the industry&#39;s recent stock market performance and valuation picture.</p>
<p><strong>Industry vs. Sector</strong></p>
<p>The Zacks Shoes and Retail Apparel industry has underperformed the sector and the S&amp;P 500 in the past year.<br />
Stocks in the industry have collectively declined 28%. The Zacks Consumer Discretionary sector and the Zacks S&amp;P 500 composite have risen 2.7% and 23.7%, respectively.</p>
<h3>One-Year Price Performance</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/price_20240702.jpg" style="height:385px; width:620px" /></p>
<p><strong>Shoes and Retail Apparel Industry&#39;s Valuation</strong></p>
<p>On the basis of forward 12-month price-to-earnings (P/E), commonly used for valuing Consumer Discretionary stocks, the industry is currently trading at 18.28X compared with the S&amp;P 500&#39;s 21.5X and the sector&#39;s 16.6X.<br />
Over the last five years, the industry traded as high as 37.75X and as low as 18.28X, with a median of 27.01X, as the chart below shows.</p>
<h3>Price-to-Earnings Ratio (Past 5 Years)</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/pe_20240702.jpg" /></p>
<p><strong>4 Shoes &amp; Retail Apparel Stocks to Watch</strong></p>
<p><strong>Wolverine: </strong>Wolverine is engaged in the designing, manufacturing and distribution of a wide variety of casual as well as active apparel and footwear. The company also manufactures children&#39;s footwear and specially designed boots and accessories for industrial purposes. Its focus on brand structure, increasing efficiency by removing costs, strategic review of its portfolio, improving working capital and lowering leverage bode well. Wolverine continues to focus on strengthening its DTC business. Speed-to-market initiatives, deployment of digital product development tools, expansion of e-commerce platforms and frequent introduction of products are steadily contributing to its performance.<br />
Management looks forward to generating $150 million of annual cost savings for 2024, which is likely to be invested in growth brands. The Zacks Consensus Estimate for WWW&#39;s 2024 earnings is pegged at 80 cents per share, which indicates significant growth from 5 cents reported in the year-ago quarter. The consensus estimate for WWW&#39;s 2024 EPS has been unchanged in the past 30 days. The company has a trailing four-quarter negative earnings surprise of 6.3%, on average. Shares of this Zacks Rank #1 (Strong Buy) company have declined 11.9% in the past year.</p>
<h3>Price and Consensus: WWW</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/www_20240702.jpg" style="height:407px; width:620px" /></p>
<p><strong>Skechers:</strong> This Manhattan Beach, CA-based company designs, develops, markets and distributes footwear for men, women and children in the United States and overseas under the SKECHERS name, as well as several unique brand names. The company&#39;s emphasis on new product lines, store remodeling projects, cost-containment efforts, inventory management and global distribution platform bodes well. SKX is focused on executing its long-term growth strategy, with a diverse assortment of innovative and comfortable products. This is expected to drive its top line in the near and long term.<br />
Skechers is investing strategically to improve infrastructure worldwide, primarily in e-commerce platforms and distribution centers. The company&#39;s international business is a significant sales growth driver. SKX has a trailing four-quarter earnings surprise of 34.1%, on average. The Zacks Consensus Estimate for the footwear company&#39;s 2024 sales and earnings indicates growth of 10.6% and 16.9%, respectively, from the year-ago quarter&#39;s reported figures. The consensus estimate for SKX&#39;s 2024 EPS has moved up by 0.5% in the past 30 days. Shares of this Zacks Rank #2 (Buy) company have rallied 26.3% in the past year.</p>
<h3>Price and Consensus: SKX</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/skx_20240702.jpg" /></p>
<p><strong>Caleres: </strong>Caleres is a leading footwear retailer and wholesaler in the United States, China, Canada and Guam. The company operates through Famous Footwear and Brand Portfolio segments. The Saint Louis, MO-based company has been benefiting from positive consumer demand trends and accelerated recovery in the footwear marketplace, aiding its sales. The momentum in the Famous Footwear brand is expected to contribute meaningfully to sales growth. Strong performances of CAL&#39;s emerging brands, including Vionic, Sam Edelman, Allen Edmonds and Blowfish Malibu, are expected to be growth drivers.<br />
Management anticipates the strong performance of the Famous Footwear brand and gains from the Brand Portfolio segments, leveraging a diversified brand model and the continued execution of strategic priorities to aid CAL&#39;s performance. Caleres&#39; focus on consumers&#39; evolving preferences and efforts to drive growth across its omnichannel ecosystem bode well. The Zacks Consensus Estimate for CAL&#39;s fiscal 2024 sales and earnings indicates growth of 0.7% and 5.3%, respectively, from the year-ago quarter&#39;s reported figures. The consensus estimate for CAL&#39;s fiscal 2024 EPS has been unchanged in the past 30 days. The company has a trailing four-quarter earnings surprise of 4.9%, on average. Shares of this Zacks Rank #2 company have rallied 31.9% in the past year.</p>
<h3>Price and Consensus: CAL</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/cal_20240702.jpg" style="height:398px; width:620px" /></p>
<p><strong>Adidas: </strong>The leading manufacturer and seller of athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia Pacific and Latin America is poised to gain from strong demand, compelling products and robust performance of its online business. Adidas has been benefiting from improved sell-through of all Adidas products in the market. Moreover, the company has been witnessing improved margins, driven by the recently implemented price increases and an improved channel mix.<br />
The Zacks Consensus Estimate for ADDYY&#39;s 2024 sales indicates growth of 5.1% from the year-ago quarter&#39;s reported figure. The consensus estimate for ADDYY&#39;s 2024 earnings is pegged at $1.68, whereas it reported a loss of 36 cents in the year-ago quarter. Adidas delivered an earnings surprise of 70.5%, on average, in the trailing four quarters. This Zacks Rank #3 (Hold) stock has rallied 22.1% in the past year.</p>
<h3>Price and Consensus: ADDYY</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/addyy_20240702.jpg" /></p>
<p><a href="https://www.zacks.com/commentary/2296020/4-steady-shoes-retail-apparel-stocks-in-a-troubled-industry?cid=CS-BENZ-FT-industry_outlook-2296020">To read this article on Zacks.com click here.</a></p>


ADDYY

4 Steady Shoes & Retail Apparel Stocks in a Troubled Industry

<p>In the preceding three months, 8 analysts have released ratings for Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $13.38, with a high estimate of $16.00 and a low estimate of $10.00. Witnessing a positive shift, the current average has risen by 23.2% from the previous average price target of $10.86.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719342107_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Wolverine World Wide by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mitch Kummetz</td>
<td>Seaport Global</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Sam Poser</td>
<td>Williams Trading</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$14.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$13.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$10.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Mitch Kummetz</td>
<td>Seaport Global</td>
<td>Announces</td>
<td>Buy</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$10.00</td>
<td>$10.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Wolverine World Wide. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Wolverine World Wide compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Wolverine World Wide's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Wolverine World Wide's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/WWW/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Wolverine World Wide analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Unveiling the Story Behind Wolverine World Wide</h2>
<p>Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.</p>
<h3>Wolverine World Wide: Delving into Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Wolverine World Wide faced challenges, resulting in a decline of approximately <strong>-34.12%</strong> in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Wolverine World Wide's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of <strong>-3.75%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Wolverine World Wide's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>-5.57%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Wolverine World Wide's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>-0.76%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Wolverine World Wide's debt-to-equity ratio surpasses industry norms, standing at <strong>4.04</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Where Wolverine World Wide Stands With Analysts

<p>Seaport Global  analyst Mitch Kummetz   maintains Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) with a Buy and raises the price target from $15 to $16.</p>


Seaport Global Maintains Buy on Wolverine World Wide, Raises Price Target to $16

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In a report released today, Anna Andreeva from Piper Sandler maintained a Buy rating on Wolverine World Wide (WWW – Research Report), with a price ...

Wolverine World Wide (WWW) Receives a Buy from Piper Sandler

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Wolverine World Wide declares $0.10 dividend

In a report released today, Dana Telsey from Telsey Advisory maintained a Hold rating on Wolverine World Wide (WWW – Research Report), with a price...

Telsey Advisory Keeps Their Hold Rating on Wolverine World Wide (WWW)

CROX

DECK

FIGS

LULU

ONON

RCKY

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Press Releases

Wolverine Assembles Team of Trades Workers and Athletes to Form the "Blue-Collar Crew"

Saucony® and Jae Tips Unveil the 'To-Do List' Collection, Launching Globally on September 20

Inspired by the World's Boldest Machinery, Cat Footwear Launches "Most Capable" Work Boot Ever Made With Invader Max

Wolverine and Old Rip Van Winkle Distillery Unveil Batch IV Of Their Collaboration 1000 Mile Boot

Merrell Unveils Interactive "Wander Wheel" Art Installation in New York City, Open to the Public for One Weekend Only

Saucony® Launches New Gore-Tex Collection

Wolverine Worldwide Announces Third Quarter Fiscal 2024 Conference Call for November 7, 2024

Wolverine Worldwide Appoints Susie Kuhn as Active Group President

MERRELL® AND THE JEEP® BRAND ANNOUNCE SECOND FOOTWEAR COLLABORATION, INSPIRED BY FUTURE OF OUTDOOR INNOVATION

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