In a report released today, Dana Telsey from Telsey Advisory maintained a Hold rating on Wolverine World Wide (WWW – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $11.24.
According to TipRanks, Telsey is an analyst with an average return of -4.2% and a 40.33% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as Abercrombie Fitch, Nordstrom, and Oxford Industries.
Wolverine World Wide has an analyst consensus of Hold, with a price target consensus of $13.33, a 18.59% upside from current levels. In a report released on January 4, Piper Sandler also downgraded the stock to a Hold with a $13.00 price target.
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The company has a one-year high of $26.74 and a one-year low of $9.50. Currently, Wolverine World Wide has an average volume of 1.4M.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WWW in relation to earlier this year.
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Wolverine World Wide, Inc. engages in the design, manufacture and sale of branded casual, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel. It operates through the following segments: Wolverine Michigan Group and Wolverine Boston Group. The Wolverine Michigan Group consists of Merrell footwear and apparel, Cat footwear, Wolverine footwear and apparel, Chaco footwear, Hush Puppies footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and Hytest safety footwear. The Wolverine Boston Group consists of Sperry footwear and apparel, Saucony footwear and apparel, Keds footwear and apparel, and the Kids footwear business, which includes the Stride Rite licensed business, as well as kids’ footwear offerings from Saucony, Sperry, Keds, Merrell, Hush Puppies and Cat. The company was founded by G. A. Krause in 1883 and is headquartered in Rockford, MI.
Read More on WWW:
- Wolverine World Wide downgraded to Neutral from Overweight at Piper Sandler
- Insiders pour millions into these 3 stocks — this is what makes them attractive buys
- Stifel keeps Hold rating on Wolverine World Wide, lowers price target to $12
- Wolverine initiates workforce reduction, to divest Keds and Leathers businesses
- Wolverine World Wide downgraded to Hold from Buy at Williams Trading
