Analyst Rating Update on Wolverine World Wide (WWW)

Wolverine World Wide (WWW) : 12 analysts are covering Wolverine World Wide (WWW) and their average rating on the stock is 2.58, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Wolverine World Wide (WWW) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Wolverine World Wide (WWW) : 11 Wall Street analysts covering Wolverine World Wide (WWW) believe that the average level the stock could reach for the short term is $23.18. The maximum price target given is $28 and the minimum target for short term is around $15, hence the standard deviation is calculated at $4.51.

Company shares have received an average consensus rating of Hold for the current week


Wolverine World Wide (NYSE:WWW): The stock opened at $23.14 on Wednesday but the bulls could not build on the opening and the stock topped out at $23.73 for the day. The stock traded down to $22.86 during the day, due to lack of any buying support eventually closed down at $23.59 with a loss of -0.08% for the day. The stock had closed at $23.61 on the previous day. The total traded volume was 1,140,709 shares.

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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