Wolverine World Wide Coverage Initiated by Analysts at Macquarie (WWW)
Investment analysts at Macquarie initiated coverage on shares of Wolverine World Wide (NYSE:WWW) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Tuesday, August 19th. They now have a $30.00 price target on the stock. Separately, 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. Finally, 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Wolverine World Wide has a consensus rating of “Hold” and an average target price of $29.67.
Wolverine World Wide (NYSE:WWW) opened at 26.89 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 $26.3. The company has a market cap of $2.729 billion and a P/E ratio of 23.03.
Wolverine World Wide (NYSE:WWW) last released its 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.
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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