Susquehanna Remains a Buy on Wolverine World Wide (WWW)


In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Wolverine World Wide (WWW), with a price target of $43. The company’s shares opened today at $34.56.

According to TipRanks.com, Poser is a 5-star analyst with an average return of 6.6% and a 55.3% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Deckers Outdoor.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wolverine World Wide with a $39.33 average price target, a 13.8% upside from current levels. In a report issued on January 23, Robert W. Baird also reiterated a Buy rating on the stock with a $40 price target.

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The company has a one-year high of $39.77 and a one-year low of $27.93. Currently, Wolverine World Wide has an average volume of 681.6K.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.

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.

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