Wolverine World Wide (NYSE:WWW) received a $36.00 target price from investment analysts at Stifel Nicolaus in a report issued on Monday, TipRanks reports. The firm currently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ target price points to a potential upside of 22.87% from the stock’s previous close.
Several other equities analysts have also recently commented on WWW. ValuEngine cut Wolverine World Wide from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Pivotal Research reissued a “hold” rating and set a $30.00 price objective (down previously from $34.00) on shares of Wolverine World Wide in a report on Friday, August 2nd. Telsey Advisory Group restated a “market perform” rating and set a $34.00 price objective (down from $38.00) on shares of Wolverine World Wide in a research report on Monday, August 5th. Finally, Argus lowered Wolverine World Wide from a “buy” rating to a “hold” rating and set a $29.19 target price for the company. in a research note on Friday, May 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Wolverine World Wide has an average rating of “Hold” and a consensus target price of $36.80.
NYSE WWW traded up $0.65 during midday trading on Monday, hitting $29.30. The company had a trading volume of 1,053,052 shares, compared to its average volume of 776,454. The firm has a fifty day simple moving average of $25.94 and a two-hundred day simple moving average of $30.49. Wolverine World Wide has a fifty-two week low of $23.05 and a fifty-two week high of $39.77. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.80 and a beta of 1.07.
Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in Wolverine World Wide by 30.9% during the second quarter. Victory Capital Management Inc. now owns 2,996,053 shares of the textile maker’s stock valued at $82,511,000 after purchasing an additional 707,375 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Wolverine World Wide by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 2,657,377 shares of the textile maker’s stock worth $73,184,000 after buying an additional 39,993 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Wolverine World Wide by 12.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,427,186 shares of the textile maker’s stock worth $66,359,000 after buying an additional 259,811 shares during the period. Invesco Ltd. boosted its stake in Wolverine World Wide by 1.5% in the 2nd quarter. Invesco Ltd. now owns 1,958,208 shares of the textile maker’s stock valued at $53,930,000 after buying an additional 28,609 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in Wolverine World Wide by 3.3% in the 1st quarter. Champlain Investment Partners LLC now owns 1,924,285 shares of the textile maker’s stock valued at $68,755,000 after buying an additional 61,915 shares in the last quarter. 92.80% of the stock is owned by hedge funds and other institutional investors.
About Wolverine World Wide
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.
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