Analyst Rating Update on Wolverine World Wide (WWW)

Wolverine World Wide (NYSE:WWW) : 11 analysts are covering Wolverine World Wide (NYSE:WWW) and their average rating on the stock is 2.82, which is read as a Hold. 2 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. A Zacks Investment Research rank of 3, which recommends a Hold 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 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Wolverine World Wide (NYSE:WWW) : The most positive equity analysts on Wolverine World Wide (NYSE:WWW) expects the shares to touch $25, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $19.8 with an expected fluctuation of $2.66 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Sterne Agee CRT downgrades its rating on Wolverine World Wide (NYSE:WWW). The rating major has initiated the coverage with underperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on April 27, 2016.

Wolverine World Wide (NYSE:WWW): stock turned positive on Tuesday. Though the stock opened at $19.23, the bulls momentum made the stock top out at $19.5 level for the day. The stock recorded a low of $18.86 and closed the trading day at $19.08, in the green by 0.53%. The total traded volume for the day was 1,294,130. The stock had closed at $18.98 in the previous days trading.

In an insider trading activity, 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, 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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