Wolverine World Wide, Inc. (NYSE:WWW)‘s stock had its “buy” rating reissued by equities researchers at Robert W. Baird in a research report issued to clients and investors on Sunday. They currently have a $32.00 price target on the textile maker’s stock. Robert W. Baird’s target price would suggest a potential upside of 19.18% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies set a $25.00 price target on shares of Wolverine World Wide and gave the company a “hold” rating in a report on Wednesday, August 9th. ValuEngine raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Friday, August 11th. BidaskClub downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $24.14.

Shares of Wolverine World Wide (WWW) opened at 26.85 on Friday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 31.55 and a beta of 0.94. The company’s 50-day moving average is $26.79 and its 200-day moving average is $25.92. Wolverine World Wide has a 12-month low of $20.58 and a 12-month high of $28.64.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.14. Wolverine World Wide had a net margin of 3.32% and a return on equity of 15.81%. The business had revenue of $598.80 million for the quarter, compared to the consensus estimate of $573.78 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts predict that Wolverine World Wide will post $1.61 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC raised its position in shares of Wolverine World Wide by 16.7% during the first quarter. Glen Harbor Capital Management LLC now owns 4,158 shares of the textile maker’s stock valued at $104,000 after buying an additional 594 shares during the last quarter. Bank of Montreal Can raised its position in shares of Wolverine World Wide by 15.1% during the first quarter. Bank of Montreal Can now owns 4,840 shares of the textile maker’s stock valued at $121,000 after buying an additional 635 shares during the last quarter. Elkfork Partners LLC raised its position in shares of Wolverine World Wide by 16.7% during the first quarter. Elkfork Partners LLC now owns 5,292 shares of the textile maker’s stock valued at $132,000 after buying an additional 756 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Wolverine World Wide by 16.7% during the first quarter. Meadow Creek Investment Management LLC now owns 6,426 shares of the textile maker’s stock valued at $160,000 after buying an additional 918 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Wolverine World Wide during the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

About Wolverine World Wide

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.

Analyst Recommendations for Wolverine World Wide (NYSE:WWW)

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