Wolverine World Wide, Inc. (NYSE:WWW)‘s stock had its “hold” rating restated by investment analysts at KeyCorp in a report released on Wednesday.

A number of other analysts have also commented on WWW. Zacks Investment Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Saturday, August 12th. ValuEngine raised Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Piper Jaffray Companies set a $25.00 price target on Wolverine World Wide and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Pivotal Research began coverage on Wolverine World Wide in a research note on Thursday, October 5th. They issued a “hold” rating and a $32.00 price target on the stock. Finally, Morgan Stanley raised their price target on Wolverine World Wide from $22.50 to $24.50 and gave the stock an “equal weight” rating in a research note on Monday, September 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Wolverine World Wide has an average rating of “Hold” and an average price target of $25.06.

Wolverine World Wide (WWW) traded down 1.188% on Wednesday, reaching $27.865. The company’s stock had a trading volume of 523,513 shares. The company’s 50 day moving average price is $27.46 and its 200-day moving average price is $26.33. The stock has a market cap of $2.69 billion, a PE ratio of 32.744 and a beta of 0.98. Wolverine World Wide has a 12-month low of $20.58 and a 12-month high of $29.62.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.14. The business had revenue of $598.80 million during the quarter, compared to analyst estimates of $573.78 million. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, equities analysts expect that Wolverine World Wide will post $1.62 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in WWW. Bank of Montreal Can lifted its position in Wolverine World Wide by 1.3% during the second quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock valued at $138,000 after purchasing an additional 64 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Wolverine World Wide during the second quarter valued at $202,000. Papp L Roy & Associates purchased a new position in Wolverine World Wide during the second quarter valued at $204,000. Riverhead Capital Management LLC lifted its position in Wolverine World Wide by 62.2% during the second quarter. Riverhead Capital Management LLC now owns 7,625 shares of the textile maker’s stock valued at $214,000 after purchasing an additional 2,925 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Wolverine World Wide during the second quarter valued at $221,000. Hedge funds and other institutional investors own 90.84% of the company’s stock.

Wolverine World Wide Company Profile

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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