Analyst Price Target Update on Wolverine World Wide (NYSE:WWW)

Wolverine World Wide (NYSE:WWW): 10 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $19.8 in Wolverine World Wide (NYSE:WWW). However, the stock price could fluctuate by $ 2.66 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $25 price target with the lower price estimate is calculated at $15

Many analysts have stated their opinion on the company shares. Major Brokerage house, Sterne Agee CRT downgrades its ratings on Wolverine World Wide (NYSE:WWW). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 27, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Wolverine World Wide Inc /De/, Boromisa Jeffrey M had purchased shares worth of $46,225 in a transaction dated on October 29, 2015. A total of 2,500 shares were purchased at a price of $18.49 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Wolverine World Wide (NYSE:WWW) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.4 points or 2.05% at $19.13 with 851,704 shares getting traded. Post opening the session at $19.44, the shares hit an intraday low of $19.06 and an intraday high of $19.46 and the price was in this range throughout the day. The company has a market cap of $1,904 million and the number of outstanding shares have been calculated to be 99,553,536 shares. The 52-week high of Wolverine World Wide (NYSE:WWW) is $29.94 and the 52-week low is $14.74.

Wolverine World Wide, Inc. is a designer, manufacturer and marketer of casual footwear and apparel, outdoor and athletic footwear and apparel, childrens footwear, industrial work boots and apparel, and uniform shoes and boots. The Company operates in three operating segments: Lifestyle Group, consisting of Sperry Top-Sider footwear and apparel, Stride Rite footwear and apparel, Hush Puppies footwear and apparel, Keds footwear and apparel, and Soft Style footwear; Performance Group, consisting of Merrell footwear and apparel, Saucony footwear and apparel, Chaco footwear, and Cushe footwear, and Heritage Group, consisting of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Sebago footwear and apparel, Harley-Davidson footwear, and HyTest safety footwear. The Other category consists of the Companys multi-brand consumer-direct business, leather marketing operations, and sourcing operations that include third-party commission revenues.

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