Wolverine World Wide (NYSE:WWW - Get Free Report) had its target price raised by equities research analysts at UBS Group from $30.00 to $36.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the textile maker's stock. UBS Group's price objective would suggest a potential upside of 30.10% from the stock's current price.
Other research analysts have also issued reports about the company. Argus upgraded Wolverine World Wide from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a report on Friday, May 16th. KeyCorp reaffirmed an "overweight" rating and issued a $32.00 target price (up previously from $25.00) on shares of Wolverine World Wide in a report on Thursday. Robert W. Baird raised their price objective on shares of Wolverine World Wide from $15.00 to $20.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Stifel Nicolaus cut their price target on 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. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $25.00 price target (up from $20.00) on shares of Wolverine World Wide in a report on Tuesday. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.38.
Check Out Our Latest Research Report on WWW
Wolverine World Wide Price Performance
NYSE:WWW traded up $0.69 during trading hours on Thursday, reaching $27.67. 2,410,556 shares of the company were exchanged, compared to its average volume of 1,509,687. Wolverine World Wide has a twelve month low of $9.58 and a twelve month high of $28.57. The firm has a market cap of $2.24 billion, a PE ratio of 31.71 and a beta of 1.74. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 1.76. The stock's 50-day moving average is $19.45 and its 200-day moving average is $16.99.
Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The textile maker reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.12. The business had revenue of $474.20 million during the quarter, compared to analysts' expectations of $447.82 million. Wolverine World Wide had a net margin of 4.15% and a return on equity of 28.74%. The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. On average, sell-side analysts anticipate that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.
Institutional Trading of Wolverine World Wide
Several hedge funds and other institutional investors have recently made changes to their positions in WWW. Natixis acquired a new position in Wolverine World Wide in the fourth quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Wolverine World Wide during the 4th quarter valued at $64,000. Hilltop National Bank acquired a new stake in shares of Wolverine World Wide in the second quarter valued at about $85,000. PNC Financial Services Group Inc. grew its holdings in Wolverine World Wide by 10.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,132 shares of the textile maker's stock valued at $127,000 after purchasing an additional 863 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Wolverine World Wide by 48.7% during the 2nd quarter. GAMMA Investing LLC now owns 8,000 shares of the textile maker's stock valued at $145,000 after purchasing an additional 2,619 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company's stock.
About Wolverine World Wide
(
Get Free Report)
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.
Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Wolverine World Wide, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wolverine World Wide wasn't on the list.
While Wolverine World Wide currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.