Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $27.06.

WWW has been the topic of a number of research reports. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Pivotal Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their target price for the company from $32.00 to $33.00 in a research note on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $25.00 target price on shares of Wolverine World Wide in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Wolverine World Wide in a research note on Wednesday, October 11th. Finally, TheStreet cut shares of Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th.

Shares of Wolverine World Wide (WWW) traded down $0.18 on Friday, hitting $32.50. 56,689 shares of the stock were exchanged, compared to its average volume of 707,960. The company has a market cap of $3,126.85, a price-to-earnings ratio of 54.47, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.09 and a quick ratio of 2.06. Wolverine World Wide has a 52-week low of $20.94 and a 52-week high of $33.82.

Wolverine World Wide (NYSE:WWW) last announced its 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 firm had revenue of $581.30 million for 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%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. sell-side analysts expect that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

In related news, insider Michael Jeppesen sold 11,807 shares of Wolverine World Wide stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total transaction of $330,241.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph R. Gromek sold 18,928 shares of Wolverine World Wide stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $29.14, for a total transaction of $551,561.92. The disclosure for this sale can be found here. Company insiders own 5.65% of the company’s stock.

A number of institutional investors have recently modified their holdings of WWW. Citadel Advisors LLC raised its holdings in Wolverine World Wide by 568.4% in the third quarter. Citadel Advisors LLC now owns 639,185 shares of the textile maker’s stock worth $18,440,000 after buying an additional 543,559 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Wolverine World Wide by 22.1% in the third quarter. Victory Capital Management Inc. now owns 2,903,558 shares of the textile maker’s stock worth $83,768,000 after buying an additional 525,150 shares during the last quarter. FMR LLC raised its holdings in Wolverine World Wide by 21.7% in the second quarter. FMR LLC now owns 2,357,199 shares of the textile maker’s stock worth $66,025,000 after buying an additional 420,194 shares during the last quarter. Prudential Financial Inc. raised its holdings in Wolverine World Wide by 30.1% in the third quarter. Prudential Financial Inc. now owns 1,501,962 shares of the textile maker’s stock worth $43,332,000 after buying an additional 347,340 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Wolverine World Wide in the second quarter worth about $9,618,000. 92.26% of the stock is owned by institutional investors and hedge funds.

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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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