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Robert W. Baird Remains a Hold on Wolverine World Wide (WWW)

Robert W. Baird analyst Jonathan Komp maintained a Hold rating on Wolverine World Wide (WWWResearch Report) on January 10 and set a price target of $13.00. The company’s shares closed yesterday at $12.82.

According to TipRanks, Komp is a 5-star analyst with an average return of 12.6% and a 52.77% success rate. Komp covers the Consumer Goods sector, focusing on stocks such as Crocs, VF, and Deckers Outdoor.

Wolverine World Wide has an analyst consensus of Hold, with a price target consensus of $13.33, representing a 3.98% upside. In a report released on January 10, Telsey Advisory also maintained a Hold rating on the stock with a $14.00 price target.

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Based on Wolverine World Wide’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $691.4 million and a net profit of $39 million. In comparison, last year the company earned a revenue of $636.7 million and had a net profit of $0

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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