Wolverine World Wide Given New $46.00 Price Target at Sterne Agee (WWW)
Research analysts at Sterne Agee hoisted their target price on shares of Wolverine World Wide (NYSE:WWW) from $43.00 to $46.00 in a report released on Wednesday, Stock Ratings Network.com reports. The firm currently has an “underperform” rating on the stock. Sterne Agee’s target price would suggest a potential downside of 20.65% from the stock’s previous close.
WWW has been the subject of a number of other recent research reports. Analysts at DA Davidson raised their price target on shares of Wolverine World Wide from $58.00 to $64.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Wolverine World Wide from $64.00 to $65.00 in a research note to investors on Wednesday. They now have a “not rated” rating on the stock. Finally, analysts at Brean Capital reiterated a “buy” rating on shares of Wolverine World Wide in a research note to investors on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Wolverine World Wide presently has a consensus rating of “Hold” and an average price target of $55.74.
Shares of Wolverine World Wide (NYSE:WWW) traded down 1.66% during mid-day trading on Wednesday, hitting $57.97. 730,358 shares of the company’s stock traded hands. Wolverine World Wide has a one year low of $38.39 and a one year high of $60.37. The stock has a 50-day moving average of $56.96 and a 200-day moving average of $53.24. The company has a market cap of $2.910 billion and a P/E ratio of 38.45.
Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 103.0% on a year-over-year basis. On average, analysts predict that Wolverine World Wide will post $2.81 earnings per share for the current fiscal year.
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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