Wolverine World Wide PT Raised to $65.00 at Telsey Advisory Group (WWW)
Telsey Advisory Group upped their price target on shares of Wolverine World Wide (NYSE:WWW) from $64.00 to $65.00 in a research note issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 10.26% from the stock’s previous close.
Shares of Wolverine World Wide (NYSE:WWW) traded down 1.31% during mid-day trading on Wednesday, hitting $58.18. The stock had a trading volume of 469,075 shares. Wolverine World Wide has a 1-year low of $38.39 and a 1-year high of $60.37. The stock’s 50-day moving average is $56.96 and its 200-day moving average is $53.24. The company has a market cap of $2.921 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 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 $2.80 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on WWW. 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $54.49.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.