Wolverine World Wide, Inc. (NYSE:WWW) Receives $19.38 Average PT from Brokerages

Wolverine World Wide, Inc. (NYSE:WWW) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $19.38.

Several research firms have recently issued reports on WWW. Telsey Advisory Group restated a “market perform” rating and set a $15.00 price objective on shares of Wolverine World Wide in a report on Thursday, November 7th. StockNews.com upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Finally, BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Thursday, October 3rd.

Insider Activity

In related news, insider Amy M. Klimek sold 24,000 shares of Wolverine World Wide stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.07, for a total value of $529,680.00. Following the completion of the transaction, the insider now owns 20,238 shares in the company, valued at $446,652.66. The trade was a 54.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Isabel Soriano sold 7,687 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.57, for a total value of $181,182.59. Following the transaction, the insider now owns 34,206 shares in the company, valued at $806,235.42. This represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,901 shares of company stock valued at $916,266 in the last quarter. 2.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wolverine World Wide

A number of large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in shares of Wolverine World Wide by 487.8% during the 3rd quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock worth $641,000 after purchasing an additional 30,519 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Wolverine World Wide during the third quarter valued at approximately $3,034,000. JPMorgan Chase & Co. lifted its position in shares of Wolverine World Wide by 1,263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock valued at $24,857,000 after acquiring an additional 1,322,254 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Wolverine World Wide by 338.6% in the third quarter. XTX Topco Ltd now owns 47,346 shares of the textile maker’s stock worth $825,000 after acquiring an additional 36,551 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Wolverine World Wide by 12.5% during the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after purchasing an additional 563 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Stock Up 0.7 %

Shares of WWW stock opened at $23.38 on Friday. The stock’s fifty day moving average price is $22.91 and its 200 day moving average price is $18.03. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. Wolverine World Wide has a 1-year low of $8.05 and a 1-year high of $24.64. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -26.26 and a beta of 1.88.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.