Impact of Brokerage Rating on Wolverine World Wide, Inc.(WWW)

Many Wolverine World Wide, Inc.(WWW) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Wolverine World Wide was Downgraded by KeyBanc Capital Mkts to Sector Weight on Feb 3, 2017.

Company has reported several Insider transactions to the SEC, on Nov 9, 2016, William K Gerber (director) sold 2,162 shares at 21.88 per share price.On Nov 2, 2015, Jeffrey M Boromisa (director) purchased 2,500 shares at 18.49 per share price.On Aug 6, 2015, Michael Jeppesen (Pres., Global Operations Group) sold 15,000 shares at 28.43 per share price.

Wolverine World Wide Last issued its quarterly earnings results on Oct 18, 2016. The company reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.48. The company had revenue of $603.70 million for the quarter, compared to analysts expectations of $628.29 million. The companys revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.

Wolverine World Wide, Inc. (NYSE:WWW) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.73 by 11 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Wolverine World Wide, Inc. (NYSE:WWW) shares are expected to touch $23.64 in the short term. This short term price target has been shared by 11 analysts. However, the standard deviation of short term price estimate has been valued at 3.56. The target price could hit $30 on the higher end and $19 on the lower end.

Wolverine World Wide, Inc. (NYSE:WWW) rose 0.51% or 0.12 points on Tuesday and made its way into the gainers of the day. After trading began at $23.46 the stock was seen hitting $23.92 as a peak level and $23.46 as the lowest level. The stock ended up at $23.66. The daily volume was measured at 822,684 shares. The 52-week high of the share price is $25.54 and the 52-week low is $16.44. The company has a market cap of $2,334 million.

WOLVERINE WORLD WIDE INC. Wolverine World Wide, Inc. designs, manufactures, distributes and markets various brands and styles of footwear. The wide variety of footwear sold by the Company includes casual shoes, slippers, moccasins, dress shoes, boots, uniform shoes and work boots and shoes. The Company is also a domestic tanner of pigskin.

Wolverine

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