Wolverine World Wide Price Target Increased to $64.00 by Analysts at DA Davidson (WWW)
Analysts at DA Davidson increased their price target on shares of Wolverine World Wide (NYSE:WWW) from $58.00 to $64.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 10.40% from the company’s current price.
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 52 week low of $38.39 and a 52 week 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 price-to-earnings ratio of 38.45.
Wolverine World Wide (NYSE:WWW) last announced its earnings results on Tuesday, October 8th. The company reported $1.16 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.72 earnings per share. Wolverine World Wide’s revenue was up 103.0% compared to the same quarter last year. Analysts expect that Wolverine World Wide will post $2.81 EPS for the current fiscal year.
A number of other firms have also recently commented on WWW. 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. Separately, analysts at Brean Capital reiterated a “buy” rating on shares of Wolverine World Wide in a research note to investors on Tuesday. Finally, 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. One 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. Wolverine World Wide currently has an average rating of “Hold” and an average target price of $55.74.
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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