.png "Wolverine World Wide (NYSE: WWW)")
Robert W. Baird analyst Jonathan Komp reiterated a Buy rating on Wolverine World Wide (NYSE: WWW) on August 8 and set a price target of $43. The company’s shares closed yesterday at $37.68, close to its 52-week high of $37.92.
According to TipRanks.com, Komp is a 5-star analyst with an average return of 21.3% and a 74.6% success rate. Komp covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Columbia Sportswear, and Duluth Holdings Inc.
Wolverine World Wide has an analyst consensus of Strong Buy, with a price target consensus of $40.57, implying a 7.7% upside from current levels. In a report issued on August 1, Susquehanna also upgraded the stock to Buy with a $41 price target.
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Wolverine World Wide’s market cap is currently $3.58B and has a P/E ratio of 56.89. The company has a Price to Book ratio of 3.55.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Michael Jeppesen, the Pres, Gl Ops & Heritage Groups of WWW sold 47,640 shares for a total of $1,500,660.
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 designing, manufacturing, licensing and marketing of branded casual, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel. It operates through the following segments: Wolverine Outdoor & Lifestyle Group; Wolverine Boston Group; Wolverine Heritage Group; and Wolverine Multi-Brand Group. The Wolverine Outdoor & Lifestyle Group segment brands include Merrell, Cat, Hush Puppies, and Chaco. The Wolverine Boston Group segment brands include Sperry, Saucony, and Keds. The Wolverine Heritage Group segment brands include Wolverine, Bates, Harley-Davidson, and HyTest. The Wolverine Multi-Brand Group segment brands include Stride Rite and its multi-brand consumer-direct businesses. The company was founded by G. A. Krause in 1883 and is headquartered in Rockford, MI.
