Wolverine World Wide (NYSE:WWW) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Wolverine World Wide (NYSE:WWW - Get Free Report) had its price objective lifted by stock analysts at Robert W. Baird from $15.00 to $20.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the textile maker's stock. Robert W. Baird's price objective would indicate a potential upside of 40.68% from the company's current price.

A number of other research firms have also issued reports on WWW. Telsey Advisory Group reissued a "market perform" rating and issued a $17.00 target price on shares of Wolverine World Wide in a report on Thursday, May 1st. Stifel Nicolaus dropped their price objective on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group raised their target price on shares of Wolverine World Wide from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. StockNews.com lowered shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Finally, Baird R W raised Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.75.

Wolverine World Wide Price Performance

WWW stock opened at $14.22 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $1.15 billion, a P/E ratio of 25.85 and a beta of 1.74. The business has a 50 day simple moving average of $12.96 and a 200-day simple moving average of $18.19. Wolverine World Wide has a twelve month low of $9.58 and a twelve month high of $24.64.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company had revenue of $494.70 million for the quarter, compared to the consensus estimate of $485.74 million. During the same period last year, the firm posted ($0.30) EPS. Wolverine World Wide's revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities analysts anticipate that Wolverine World Wide will post 1.23 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WWW. Barclays PLC raised its position in Wolverine World Wide by 767.1% during the third quarter. Barclays PLC now owns 250,830 shares of the textile maker's stock worth $4,368,000 after acquiring an additional 221,904 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Wolverine World Wide in the 3rd quarter valued at $113,000. JPMorgan Chase & Co. lifted its stake in shares of Wolverine World Wide by 1,263.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker's stock worth $24,857,000 after purchasing an additional 1,322,254 shares during the period. GAMMA Investing LLC boosted its holdings 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 during the last quarter. Finally, Range Financial Group LLC purchased a new stake in shares of Wolverine World Wide in the fourth quarter valued at $1,072,000. Institutional investors and hedge funds own 90.25% of the company's stock.

Wolverine World Wide Company Profile

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.

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