Why Shares of Wolverine Worldwide (WWW) Are Down Today

Recent Developments

Wolverine Worldwide (NYSE:WWW), a major player in the footwear industry, experienced a 7.2% drop in its share price during morning trading. This decline followed a downgrade from Piper Sandler, which shifted its rating from Overweight to Neutral and significantly reduced its price target.

Analyst Anna Andreeva from Piper Sandler lowered the target price from $22.00 to $16.00, marking a reduction of more than 27%. This adjustment reflects a more cautious outlook on Wolverine Worldwide’s future, causing concern among shareholders.

Sharp declines in stock prices often create opportunities for investors to acquire quality companies at a discount. Could this be a favorable moment to invest in Wolverine Worldwide?

Market Reaction and Insights

Wolverine Worldwide’s stock is known for its volatility, having experienced 28 swings of more than 5% over the past year. Today’s decline suggests that investors view the recent news as important, though not transformative for the company’s overall outlook.

One of the most notable price movements in the past year occurred two months ago, when shares plummeted 28.1% after the company released its third-quarter results and issued a full-year earnings forecast that missed analyst expectations.

Although Wolverine Worldwide’s revenue and adjusted earnings per share for the third quarter surpassed Wall Street’s consensus, the market’s attention shifted to the company’s guidance for 2025. The projected adjusted earnings per share for the year, ranging from $1.29 to $1.34, had a midpoint slightly below analyst estimates. This less optimistic forecast for future profitability overshadowed the strong quarterly performance, resulting in a steep drop in the stock price.

Since the start of the year, Wolverine Worldwide’s shares have declined by 4.7%. Currently trading at $17.36 per share, the stock is down 46.4% from its 52-week high of $32.40 reached in August 2025. An investor who purchased $1,000 worth of Wolverine Worldwide stock five years ago would now see their investment valued at $534.98.

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