Wolverine World Wide (NYSE:WWW)‘s stock had its “neutral” rating reiterated by investment analysts at Buckingham Research in a note issued to investors on Wednesday. They currently have a $32.00 price target on the textile maker’s stock. Buckingham Research’s price objective suggests a potential upside of 5.51% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Citigroup upped their price objective on Wolverine World Wide from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Zacks Investment Research lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday. Pivotal Research set a $33.00 price target on Wolverine World Wide and gave the stock a “hold” rating in a research report on Thursday, February 22nd. DA Davidson upgraded Wolverine World Wide from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, February 22nd. Finally, ValuEngine upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.21.
WWW stock opened at $30.33 on Wednesday. Wolverine World Wide has a 1-year low of $23.45 and a 1-year high of $33.82. The company has a market capitalization of $2,905.24, a PE ratio of 18.49, a P/E/G ratio of 1.20 and a beta of 0.98. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.20 and a current ratio of 2.97.
In other Wolverine World Wide news, insider James D. Zwiers sold 100,600 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $29.79, for a total transaction of $2,996,874.00. Following the transaction, the insider now owns 190,893 shares of the company’s stock, valued at approximately $5,686,702.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.81% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of WWW. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Wolverine World Wide by 50.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,883 shares of the textile maker’s stock worth $156,000 after buying an additional 1,646 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Wolverine World Wide during the 4th quarter worth $171,000. Community Financial Services Group LLC acquired a new position in Wolverine World Wide during the 4th quarter worth $212,000. Fox Run Management L.L.C. acquired a new position in Wolverine World Wide during the 4th quarter worth $308,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Wolverine World Wide during the 4th quarter worth $310,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.
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Wolverine World Wide Company Profile
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.
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