Brokerage Firm Rating Update on Wolverine World Wide (WWW)

Wolverine World Wide (WWW) : The consensus on Wolverine World Wide (WWW) based on 11 analyst recommendation on the company stock is 2.73, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Wolverine World Wide (WWW) : Currently there are 11 street experts covering Wolverine World Wide (WWW) stock. The most bullish and bearish price target for the stock is $28 and $20 respectively for the short term. The average price target of all the analysts comes to $24.23. The estimated standard deviation from the target is $3.27.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Briley maintains the rating on Wolverine World Wide (NYSE:WWW). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $24 per share to $26 per share. The rating by the firm was issued on August 26, 2016.

Wolverine World Wide (NYSE:WWW): The stock opened at $23.03 and touched an intraday high of $23.24 on Wednesday. During the day, the stock corrected to an intraday low of $22.83, however, the bulls stepped in and pushed the price higher to close in the green at $23.2 with a gain of 1.00% for the day. The total traded volume for the day was 598,349. The stock had closed at $22.97 in the previous trading session.

Wolverine World Wide, Inc. is a designer, manufacturer and marketer of casual footwear and apparel, outdoor and athletic footwear and apparel, childrens footwear, industrial work boots and apparel, and uniform shoes and boots. The Company operates in three operating segments: Lifestyle Group, consisting of Sperry Top-Sider footwear and apparel, Stride Rite footwear and apparel, Hush Puppies footwear and apparel, Keds footwear and apparel, and Soft Style footwear; Performance Group, consisting of Merrell footwear and apparel, Saucony footwear and apparel, Chaco footwear, and Cushe footwear, and Heritage Group, consisting of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Sebago footwear and apparel, Harley-Davidson footwear, and HyTest safety footwear. The Other category consists of the Companys multi-brand consumer-direct business, leather marketing operations, and sourcing operations that include third-party commission revenues.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.