Wolverine World Wide, Inc. (NYSE:WWW) had its price target lifted by equities research analysts at Buckingham Research from $24.00 to $28.00 in a report released on Thursday. The firm currently has a “neutral” rating on the textile maker’s stock. Buckingham Research’s target price would suggest a potential upside of 0.90% from the stock’s current price.

A number of other brokerages have also weighed in on WWW. KeyCorp reissued a “hold” rating on shares of Wolverine World Wide in a report on Wednesday, October 11th. Robert W. Baird reissued a “buy” rating and issued a $32.00 price target on shares of Wolverine World Wide in a report on Sunday, September 17th. Morgan Stanley raised their price target on shares of Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a report on Monday, September 25th. ValuEngine lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 target price on shares of Wolverine World Wide in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Wolverine World Wide presently has an average rating of “Hold” and a consensus target price of $25.65.

Shares of Wolverine World Wide (NYSE WWW) opened at $27.75 on Thursday. The company has a quick ratio of 1.95, a current ratio of 3.09 and a debt-to-equity ratio of 0.74. The firm has a market cap of $2,670.00, a P/E ratio of 17.96, a P/E/G ratio of 1.38 and a beta of 0.94. Wolverine World Wide has a fifty-two week low of $20.94 and a fifty-two week high of $29.62.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $581.30 million during the quarter, compared to analyst estimates of $552.36 million. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. Wolverine World Wide’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. research analysts expect that Wolverine World Wide will post 1.62 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of Wolverine World Wide by 32.0% during the third quarter. Wells Fargo & Company MN now owns 142,666 shares of the textile maker’s stock worth $4,116,000 after purchasing an additional 34,555 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Wolverine World Wide by 568.4% during the third quarter. Citadel Advisors LLC now owns 639,185 shares of the textile maker’s stock worth $18,440,000 after purchasing an additional 543,559 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 purchasing an additional 191,771 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Wolverine World Wide by 2.8% during the third quarter. Legal & General Group Plc now owns 233,017 shares of the textile maker’s stock worth $6,724,000 after purchasing an additional 6,429 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Wolverine World Wide by 1.8% during the third quarter. Nordea Investment Management AB now owns 437,236 shares of the textile maker’s stock worth $12,614,000 after purchasing an additional 7,734 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.

About Wolverine World Wide

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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