Wolverine World Wide Inc. Reaches New 12-Month High at $60.37 (WWW)
Wolverine World Wide (NYSE:WWW)’s share price reached a new 52-week high during trading hours on Tuesday, AnalystRatings.NET reports. The company traded as high as $60.37 and last traded at $59.02, with a volume of 1,607,243 shares traded. The stock had previously closed at $57.85.
Several analysts have recently commented on the stock. Analysts at Brean Capital reiterated a “buy” rating on shares of Wolverine World Wide in a research note to investors on Tuesday. Separately, analysts at Thomson Reuters/Verus upgraded shares of Wolverine World Wide from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Zacks downgraded shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $61.40 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $53.18.
Wolverine World Wide has a 52-week low of $38.39 and a 52-week high of $60.35. The stock’s 50-day moving average is $56.91 and its 200-day moving average is $53.19. The company has a market cap of $2.964 billion and a P/E ratio of 37.74.
Wolverine World Wide (NYSE:WWW) last announced its earnings results on Tuesday, October 8th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.14. The company had revenue of $716.70 million for the quarter, compared to the consensus estimate of $712.31 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 103.0% on a year-over-year basis.
Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, performance outdoor footwear and apparel, industrial work shoes, boots and apparel, and uniform shoes and boots.
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