Wolverine World Wide Given Average Recommendation of “Hold” by Brokerages (NYSE:WWW)
Wolverine World Wide (NYSE:WWW) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the company, Analyst Ratings Network reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $29.60.
Several analysts have recently commented on the stock. Analysts at Macquarie initiated coverage on shares of Wolverine World Wide in a research note on Tuesday, August 26th. They set a “neutral” rating and a $29.00 price target on the stock. Separately, 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. Finally, 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.
Wolverine World Wide (NYSE:WWW) opened at 26.56 on Wednesday. Wolverine World Wide has a 1-year low of $24.00 and a 1-year high of $34.10. The stock has a 50-day moving average of $25.26 and a 200-day moving average of $26.38. The company has a market cap of $2.695 billion and a price-to-earnings ratio of 22.94.
Wolverine World Wide (NYSE:WWW) last announced its earnings results 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. On average, analysts predict that Wolverine World Wide will post $1.60 earnings per share 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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