Wolverine World Wide Rating Increased to Positive at Susquehanna (WWW)

By admin | 6 years ago

Wolverine World Wide (NYSE: WWW) was upgraded by Susquehanna from a “neutral” rating to a “positive” rating in a research note issued on Wednesday.

WWW has been the subject of a number of other recent research reports. Analysts at Jefferies Group (NYSE: JEF) upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $49.00 price target on the stock, up previously from $37.00. Separately, analysts at Sterne Agee downgraded shares of Wolverine World Wide from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, April 24th. They now have a $33.00 price target on the stock. Finally, analysts at DA Davidson reiterated a “neutral” rating on shares of Wolverine World Wide in a research note to investors on Monday, April 23rd. They now have a $42.00 price target on the stock.

Wolverine World Wide traded up 0.21% on Wednesday, hitting $43.82. Wolverine World Wide has a 1-year low of $30.77 and a 1-year high of $44.03. The company has a market cap of $2.110 billion and a price-to-earnings ratio of 18.26.

The company last announced its quarterly results on Monday, April 23rd. It reported $0.64 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.55 EPS by $0.09. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that Wolverine World Wide will post $0.95 earnings per share next quarter.

Wolverine World Wide, Inc. is a designer, manufacturer and marketer of a range of casual, rugged outdoor and work footwear.

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