Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.06.
WWW has been the subject of a number of analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Wolverine World Wide in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Piper Jaffray Companies reissued a “hold” rating and issued a $26.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, November 8th. TheStreet lowered shares of Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus set a $34.00 price objective on shares of Wolverine World Wide and gave the stock a “buy” rating in a research report on Saturday, December 16th.
Shares of Wolverine World Wide (NYSE WWW) traded down $0.34 during trading hours on Friday, hitting $32.77. 138,019 shares of the company were exchanged, compared to its average volume of 714,865. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74. Wolverine World Wide has a 1 year low of $20.94 and a 1 year high of $33.82. The company has a market cap of $3,141.20 and a P/E ratio of 54.67.
In related news, insider Michael Jeppesen sold 11,807 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total value of $330,241.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph R. Gromek sold 18,928 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $29.14, for a total transaction of $551,561.92. The disclosure for this sale can be found here. Corporate insiders own 5.65% of the company’s stock.
Several large investors have recently modified their holdings of WWW. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Wolverine World Wide by 50.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,883 shares of the textile maker’s stock worth $156,000 after acquiring an additional 1,646 shares during the period. Community Financial Services Group LLC purchased a new position in shares of Wolverine World Wide during the fourth quarter worth approximately $212,000. Advisory Services Network LLC increased its position in shares of Wolverine World Wide by 5.3% during the second quarter. Advisory Services Network LLC now owns 8,336 shares of the textile maker’s stock worth $234,000 after acquiring an additional 421 shares during the period. Shelton Capital Management purchased a new position in shares of Wolverine World Wide during the second quarter worth approximately $265,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Wolverine World Wide during the second quarter worth approximately $304,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.
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.
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