Wolverine World Wide, Inc. (WWW) Given Average Rating of “Hold” by Brokerages

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.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm had revenue of $581.30 million during the quarter, compared to the consensus estimate of $552.36 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. equities research analysts predict that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

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.

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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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