Wolverine World Wide (NYSE:WWW)‘s stock had its “neutral” rating restated by Citigroup in a research note issued on Monday, MarketBeat Ratings reports. They presently have a $32.00 target price on the textile maker’s stock, up from their previous target price of $29.00. Citigroup’s price target indicates a potential upside of 6.60% from the company’s previous close.
Several other research analysts have also commented on WWW. Piper Jaffray Companies reaffirmed a “hold” rating and set a $25.00 price target on shares of Wolverine World Wide in a research report on Wednesday, November 1st. Pivotal Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price target for the stock from $32.00 to $33.00 in a research report on Wednesday, November 8th. Telsey Advisory Group lifted their price target on Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, November 9th. Buckingham Research lifted their price target on Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Finally, TheStreet lowered Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.68.
Wolverine World Wide (WWW) traded up $0.20 on Monday, reaching $30.02. The company’s stock had a trading volume of 1,375,621 shares, compared to its average volume of 866,632. The firm has a market capitalization of $2,853.20, a price-to-earnings ratio of 50.03, a price-to-earnings-growth ratio of 1.18 and a beta of 0.92. Wolverine World Wide has a 52 week low of $23.34 and a 52 week high of $33.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.06 and a current ratio of 3.09.
Large investors have recently added to or reduced their stakes in the company. American International Group Inc. increased its holdings in shares of Wolverine World Wide by 5.7% in the third quarter. American International Group Inc. now owns 75,023 shares of the textile maker’s stock valued at $2,164,000 after purchasing an additional 4,014 shares during the period. Shelton Capital Management acquired a new position in Wolverine World Wide during the second quarter worth $265,000. Alpha Windward LLC acquired a new position in Wolverine World Wide during the fourth quarter worth $570,000. JPMorgan Chase & Co. grew its holdings in Wolverine World Wide by 12.8% during the third quarter. JPMorgan Chase & Co. now owns 1,686,193 shares of the textile maker’s stock worth $48,799,000 after acquiring an additional 191,771 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in Wolverine World Wide during the second quarter worth $587,000. 92.22% 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.
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