Wolverine World Wide (WWW) Receives Analyst Rating

Wolverine World Wide (WWW) : 11 analysts are covering Wolverine World Wide (WWW) and their average rating on the stock is 2.73, 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. 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 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 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Wolverine World Wide (WWW) : The most positive equity analysts on Wolverine World Wide (WWW) expects the shares to touch $28, whereas, the least positive believes that the stock will trade at $20 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $24.23 with an expected fluctuation of $3.27 from the mean.


Also, In a research note released to the investors, Briley maintains its rating on Wolverine World Wide (NYSE:WWW).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Briley raises the new price target from $24 per share to $26 per share. The rating by the firm was issued on August 26, 2016.

Wolverine World Wide (NYSE:WWW): After opening at $21.67, the stock dipped to an intraday low of $21.54 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $22.34 and the buying power remained strong till the end. The stock closed at $22.29 for the day, a gain of 1.97% for the day session. The total traded volume was 570,806. The stocks close on the previous trading day was $21.86.

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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