Wolverine World Wide, Inc. (NYSE:WWW)‘s stock had its “hold” rating reissued by research analysts at Pivotal Research in a research report issued on Thursday. They currently have a $32.00 price objective on the textile maker’s stock. Pivotal Research’s target price indicates a potential upside of 10.57% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a research note on Monday, September 25th. Robert W. Baird reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Wolverine World Wide in a research note on Sunday, September 17th. ValuEngine cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Saturday, August 12th. Finally, Piper Jaffray Companies set a $25.00 price objective on shares of Wolverine World Wide and gave the company a “hold” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.06.

Shares of Wolverine World Wide (WWW) opened at 28.94 on Thursday. Wolverine World Wide has a 12 month low of $20.58 and a 12 month high of $29.62. The firm has a market cap of $2.80 billion, a P/E ratio of 34.01 and a beta of 0.98. The stock’s 50 day moving average price is $27.08 and its 200-day moving average price is $26.19.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $573.78 million. During the same period last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Wolverine World Wide will post $1.62 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Saturna Capital bought a new position in shares of Wolverine World Wide during the third quarter worth $22,000. Glen Harbor Capital Management LLC raised its holdings 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 worth $104,000 after acquiring an additional 594 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Wolverine World Wide by 449.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,373 shares of the textile maker’s stock worth $109,000 after acquiring an additional 4,395 shares during the period. Barclays PLC acquired a new stake in shares of Wolverine World Wide during the first quarter worth $119,000. Finally, Bank of Montreal Can raised its holdings 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 worth $121,000 after acquiring an additional 635 shares during the period. 90.84% of the stock is currently owned by institutional investors.

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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