Wolverine World Wide (NYSE:WWW) Receives “Market Perform” Rating from Telsey Advisory Group

Wolverine World Wide (NYSE:WWW)‘s stock had its “market perform” rating reiterated by stock analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They presently have a $23.00 target price on the textile maker’s stock. Telsey Advisory Group’s target price points to a potential upside of 21.92% from the company’s current price.

A number of other research firms also recently issued reports on WWW. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price target for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Moderate Buy” and an average price target of $20.38.

Wolverine World Wide Stock Up 2.5 %

Shares of NYSE WWW opened at $18.87 on Wednesday. The stock has a market capitalization of $1.51 billion, a PE ratio of -21.20 and a beta of 1.88. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The firm has a fifty day moving average of $22.56 and a 200-day moving average of $18.67. Wolverine World Wide has a 52-week low of $8.25 and a 52-week high of $24.64.

Insider Buying and Selling

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.57, for a total value of $181,182.59. Following the completion of the transaction, the insider now directly owns 34,206 shares of the company’s stock, valued at $806,235.42. This represents a 18.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Wolverine World Wide

A number of hedge funds and other institutional investors have recently made changes to their positions in WWW. FMR LLC boosted its stake in Wolverine World Wide by 2.2% in the fourth quarter. FMR LLC now owns 11,766,527 shares of the textile maker’s stock valued at $261,217,000 after acquiring an additional 249,456 shares during the period. State Street Corp lifted its holdings in shares of Wolverine World Wide by 0.5% in the 3rd quarter. State Street Corp now owns 3,065,736 shares of the textile maker’s stock worth $53,405,000 after purchasing an additional 16,228 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Wolverine World Wide in the 4th quarter worth approximately $64,943,000. JPMorgan Chase & Co. boosted its position in Wolverine World Wide by 70.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker’s stock valued at $53,854,000 after purchasing an additional 998,916 shares during the period. Finally, Geode Capital Management LLC grew its stake in Wolverine World Wide by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,791,789 shares of the textile maker’s stock worth $31,219,000 after buying an additional 17,400 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.