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Wunderlich initiated coverage on shares of Wolverine World Wide (NYSE:WWW) in a research note issued on Thursday. The firm set a “buy” rating and a $32.00 price target on the stock. Wunderlich’s price target would indicate a potential upside of 20.85% from the company’s current price.

Shares of Wolverine World Wide (NYSE:WWW) opened at 26.48 on Thursday. Wolverine World Wide has a 52 week low of $24.00 and a 52 week high of $34.10. The stock’s 50-day moving average is $25.2 and its 200-day moving average is $26.35. The company has a market cap of $2.687 billion and a price-to-earnings ratio of 23.55.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Tuesday, July 15th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter 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.

WWW has been the subject of a number of other recent research reports. Analysts at CL King upgraded shares of Wolverine World Wide from a “neutral” rating to a “buy” rating in a research note on Tuesday. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.82.

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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