La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Wolverine World Wide a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Wolverine World Wide..

Wolverine World Wide (NYSE:WWW) Azioni, Catena delle Opzioni

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

U.S. stocks were higher, with the Nasdaq Composite gaining around 200 points on Thursday.
Shares of HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) rose sharply during Thursday's session after the company reported better-than-expected third-quarter financial results and issued FY24 <a href="https://www.benzinga.com/news/earnings/24/11/41790530/hubspot-shares-climb-after-strong-q3-results-eps-beat-revenues-beat">guidance above estimates</a>.
HubSpot reported quarterly earnings of $2.22 per share, which beat the analyst consensus estimate of $1.91. Quarterly revenue clocked in at $669.7 million which beat the analyst consensus estimate of $646.9 million and is an increase over sales of $557.55 million from the same period last year.
HubSpot shares jumped 7.9% to $645.11 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares jumped 47% to $247.63 after the company reported better-than-expected third-quarter financial results.</li>
<li>Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) surged 39% to $48.57 following third-quarter earnings.</li>
<li>Emergent BioSolutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) gained 34.8% to $12.40 after the company announced it evaluated the safety and efficacy of its new clinical trial of Brincidofovir in treating Mpox across Africa. PANTHER will conduct a clinical trial under The Leadership of Africa Centres for Disease Control and Prevention.</li>
<li>FARO Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) gained 32.8% to $25.07 following third-quarter results.</li>
<li>Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) gained 32.7% to $11.61 after the company reported better-than-expected quarterly EPS and sales.</li>
<li>Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) gained 28.2% to $18.46 after the company reported better-than-expected quarterly financial results.</li>
<li>Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) jumped 26.2% to $16.51 following upbeat quarterly results.</li>
<li>Wolverine World Wide, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) jumped 26.2% to $20.25 following strong quarterly results.</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) gained 22.4% to $68.66 after the company reported better-than-expected quarterly financial results.</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) rose 21.4% to $19.98 following third-quarter results.</li>
<li>Clearwater Analytics Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) gained 20.9% to $34.56 following better-than-expected quarterly earnings.</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) gained 17% to $8.32 following upbeat earnings.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) rose 16% to $120.80 following stronger-than-expected quarterly earnings.</li>
<li>Guardant Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>) gained 15.5% to $29.20 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Kyndryl Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) gained 15.3% to $27.81 after reporting upbeat quarterly results.</li>
<li>Warner Bros. Discovery, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NYSE">WBD</a>) surged 14.7% to $9.61 following third-quarter earnings.</li>
<li>EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) gained 13.7% to $230.60 after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.</li>
<li>McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) rose 10.4% to $606.61 as the company reported better-than-expected second-quarter financial results.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) gained 9.7% to $16.95.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) gained 6.6% to $67.46.</li>
<li>Arm Holdings plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NYSE">ARM</a>) gained 5.4% to $152.43 following second-quarter results.</li>
</ul>
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HubSpot Posts Better-Than-Expected Results, Joins Under Armour, Lyft, Wolverine World Wide, Zillow And Other Big Stocks Moving Higher On Thursday

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.

Price Target

Analyst Ratings

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

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Wolverine World Wide shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 guidance.

Revenue from its ongoing business to be approximately $1.730 to $1.745 billion. This range compares to the previous outlook of approximately $1.71 to $1.73 billion and represents a decline of approximately 13.1% to 12.4%
<ul>
<li>Revenue from its ongoing business to be approximately $1.730 to $1.745 billion. This range compares to the previous outlook of approximately $1.71 to $1.73 billion and represents a decline of approximately 13.1% to 12.4% and a constant currency decline of approximately 13.3% to 12.6% compared to 2023.</li>
</ul>

Guidance

Wolverine World Wide Raised FY24 Revenues To $1.730B-$1.745B (From $1.71B-$1.73B) Vs. $1.73B Estimate; Adjusted Diluted EPS To $0.80-$0.90 (From $0.75-$0.85) Vs. $0.84 Estimate

Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.22 by 31.82 percent. The company reported quarterly sales of $440.200 million which beat the analyst consensus estimate of $421.442 million by 4.45 percent. This is a 16.58 percent decrease over sales of $527.700 million the same period last year.

Earnings

Earnings Beats

Wolverine World Wide Q3 2024 Adj. EPS $0.29 Beats $0.22 Estimate, Sales $440.200M Beat $421.442M Estimate

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Shares of companies within the broader consumer discretionary sector are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

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.
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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</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>Last 30D</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>1M Ago</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>2M Ago</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>3M Ago</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>
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. 
<img src="https://www.benzinga.com/files/images/story/2024/1730383249_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
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.
<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>Action Taken: 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>Rating: 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>Price Targets: 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>
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.
<a href="https://www.benzinga.com/quote/WWW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Wolverine World Wide analyst ratings.</a>
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>.
<h2>All You Need to Know About Wolverine World Wide</h2>
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.
<h3>Wolverine World Wide's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: 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.
Revenue Growth: 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 -27.82%. 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.
Net Margin: Wolverine World Wide's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 3.22%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.32%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.75%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 3.69, caution is advised due to increased financial risk.
<h2>Analyst Ratings: Simplified</h2>
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.
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.
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Cracking The Code: Understanding Analyst Reviews For Wolverine World Wide

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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.

Guess? Inc. (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.
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.
<h2>GES&#39;s Quarterly Performance: Key Metrics &amp; Insights</h2>
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.
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.
<div class="chart_embed">
<h3>Guess?, Inc. Price, Consensus and EPS Surprise</h3>
<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="" />
Guess?, Inc. price-consensus-eps-surprise-chart | Guess?, Inc. Quote
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.
</div>
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.
<h2>Guess? Provides Q2 Revenue &amp; Margin Insights by Segment</h2>
Revenues in the Americas Retail 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.
Americas Wholesale 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.
The Europe 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.
Asia 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.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a2/75931.jpg?v=656106988" />
Image Source: Zacks Investment Research
Licensing 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.
<h2>GES&#39;s Financial Health Snapshot &amp; Shareholder Friendly Move</h2>
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.
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.
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.
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.
<h2>What to Expect From GES in the Future?</h2>
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%.
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%.
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.
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.
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.
<h2>3 Promising Stocks</h2>
A few better-ranked stocks are Wolverine World Wide (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/www#NYSE">WWW</a>), Kontoor Brands Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ktb#NYSE">KTB</a>) and Steven Madden, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shoo#NASDAQ">SHOO</a>).
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.
The Zacks Consensus Estimate for WWW&#39;s current financial-year sales indicates a decline of almost 23% from the year-ago reported figures.
Kontoor Brands is an apparel company. The stock currently carries a Zacks Rank #2 (Buy).
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%.
Steven Madden designs, sources, markets and sells fashion-forward name-brand and private-label footwear. It currently has a Zacks Rank of 2.
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%.
<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>

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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.

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.

Initiation

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

Carter&#39;s, Inc. (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.
<h3>Delving Deeper</h3>
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.
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.
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.
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.
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.
Carter&#39;s, which shares space with Wolverine (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/www#NYSE">WWW</a>), Skechers (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>) and Steven Madden (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%.
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.
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%.
<h3>Other Stocks</h3>
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.
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.
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%.
<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>

Carter's Pricing Actions & Wholesale Channel Bode Well

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.

Upgrades

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

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.
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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</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>Last 30D</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>1M Ago</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>2M Ago</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>3M Ago</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>
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.
<img src="https://www.benzinga.com/files/images/story/2024/1723129213_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
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.
<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>Action Taken: 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>Rating: 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>Price Targets: 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>
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.
<a href="https://www.benzinga.com/quote/WWW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Wolverine World Wide analyst ratings.</a>
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>.
<h2>Delving into Wolverine World Wide's Background</h2>
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.
<h3>Wolverine World Wide: A Financial Overview</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Wolverine World Wide faced challenges, resulting in a decline of approximately -34.12% 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.
Net Margin: Wolverine World Wide's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -3.75%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Wolverine World Wide's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -5.57%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Wolverine World Wide's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.76%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Wolverine World Wide's debt-to-equity ratio is notably higher than the industry average. With a ratio of 4.04, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>What Are Analyst Ratings?</h2>
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.
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.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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

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.

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

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.

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

For Fiscal year 2024, the Company currently expects:
<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>

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)

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.

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

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)

Wolverine World Wide Non-GAAP EPS of $0.29, revenue of $440.2M

Telsey Advisory Sticks to Its Hold Rating for Wolverine World Wide (WWW)

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Press Releases

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

Wolverine Worldwide Declares Quarterly Dividend

Wolverine Worldwide Reports 2024 Third Quarter Revenue and Earnings Above Guidance

Chaco Introduces the All-New Comfort-First, Lightweight CushZ Sandal

Wolverine Worldwide Opens Boston Innovation Hub to Accelerate Product Design and Development

Wolverine and Jarritos Unite to Celebrate Heritage and Flavor with Limited-Edition Trade Wedge Boot

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