In a report released today, Jim Duffy from Stifel Nicolaus maintained a Hold rating on Wolverine World Wide (WWW – Research Report), with a price target of $9.00. The company’s shares closed last Friday at $10.90.
According to TipRanks, Duffy is a 5-star analyst with an average return of 7.6% and a 54.94% success rate. Duffy covers the Consumer Cyclical sector, focusing on stocks such as Fox Factory Holding, Crocs, and VF.
The word on The Street in general, suggests a Hold analyst consensus rating for Wolverine World Wide with a $9.30 average price target.
Based on Wolverine World Wide’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $526.7 million and a GAAP net loss of $90.7 million. In comparison, last year the company earned a revenue of $665 million and had a GAAP net loss of $361.6 million
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 (WWW) Company Description:
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.
