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Wolverine World Wide (NYSE:WWW) was upgraded by analysts at KeyCorp from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, reports.

Several other analysts have also recently commented on the stock. Analysts at Argus downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Wolverine World Wide in a research note on Wednesday, July 16th. They now have a $24.00 price target on the stock, down previously from $26.00. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Wolverine World Wide currently has a consensus rating of “Hold” and a consensus target price of $29.63.

Wolverine World Wide (NYSE:WWW) opened at 24.70 on Tuesday. Wolverine World Wide has a 52-week low of $24.00 and a 52-week high of $34.10. The stock has a 50-day moving average of $25.24 and a 200-day moving average of $26.41. The company has a market cap of $2.506 billion and a P/E ratio of 21.37.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.04. The company had revenue of $613.50 million for the quarter, compared to the consensus estimate of $608.50 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Wolverine World Wide will post $1.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, November 3rd. Investors of record on Wednesday, October 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, September 29th.

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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