Wolverine World Wide (WWW) Receives a Buy from Susquehanna

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 closed yesterday at $36.56.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 4.7% and a 54.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Deckers Outdoor.

Wolverine World Wide has an analyst consensus of Moderate Buy, with a price target consensus of $39.75.

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Based on Wolverine World Wide’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $35.2 million. In comparison, last year the company had a net profit of $45.8 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, David Kollat, a Director at WWW sold 9,870 shares for a total of $354,728.

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 three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group and Wolverine Heritage Group.

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