Wolverine World Wide PT Lowered to $34.00 (WWW)
Equities researchers at Telsey Advisory Group decreased their price target on shares of Wolverine World Wide (NYSE:WWW) from $38.00 to $34.00 in a research report issued on Tuesday, Analyst Ratings Net reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 3.60% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Wolverine World Wide from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. Separately, analysts at Zacks upgraded shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 6th. They now have a $36.60 price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Wolverine World Wide presently has a consensus rating of “Hold” and an average price target of $50.16.
Wolverine World Wide (NYSE:WWW) opened at 32.82 on Tuesday. Wolverine World Wide has a 52 week low of $19.86 and a 52 week high of $34.10. The stock’s 50-day moving average is $32.98 and its 200-day moving average is $29.89. The company has a market cap of $1.651 billion and a price-to-earnings ratio of 34.27.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of 0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Monday, December 30th.
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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