Wolverine World Wide, Inc. (NYSE:WWW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Wolverine World Wide, Inc. (NYSE:WWW) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.38.

A number of research analysts have commented on WWW shares. StockNews.com upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price target for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $15.00 price objective on shares of Wolverine World Wide in a research report on Thursday, November 7th. Finally, BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Thursday, October 3rd.

Wolverine World Wide Stock Performance

Shares of WWW opened at $24.03 on Friday. The company’s 50 day simple moving average is $22.95 and its 200-day simple moving average is $18.14. The firm has a market cap of $1.92 billion, a PE ratio of -27.00 and a beta of 1.88. Wolverine World Wide has a 12-month low of $8.05 and a 12-month high of $24.64. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91.

Insiders Place Their Bets

In other news, insider Isabel Soriano sold 7,687 shares of Wolverine World Wide stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the transaction, the insider now owns 34,206 shares of the company’s stock, valued at $806,235.42. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Amy M. Klimek sold 10,214 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.11, for a total transaction of $205,403.54. Following the completion of the sale, the insider now directly owns 19,093 shares in the company, valued at approximately $383,960.23. The trade was a 34.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,901 shares of company stock worth $916,266. Corporate insiders own 2.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Legato Capital Management LLC acquired a new stake in Wolverine World Wide during the 4th quarter valued at $739,000. Savant Capital LLC purchased a new stake in Wolverine World Wide during the 4th quarter worth about $205,000. Pacer Advisors Inc. acquired a new position in Wolverine World Wide in the 4th quarter valued at about $64,943,000. KBC Group NV lifted its holdings in Wolverine World Wide by 43.8% in the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock valued at $96,000 after purchasing an additional 1,311 shares in the last quarter. Finally, Sheets Smith Wealth Management acquired a new stake in shares of Wolverine World Wide during the 4th quarter worth about $273,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

Wolverine World Wide Company Profile

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.