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

Wolverine World Wide (NYSE:WWW)‘s stock had its “market perform” rating reissued by analysts at Telsey Advisory Group in a research note 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 12.20% from the company’s current price.

WWW has been the topic of several other research reports. StockNews.com cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Four equities 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 presently has an average rating of “Moderate Buy” and an average price target of $20.38.

Wolverine World Wide Trading Down 1.4 %

WWW stock opened at $20.50 on Wednesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. Wolverine World Wide has a 1-year low of $8.25 and a 1-year high of $24.64. The business has a 50 day simple moving average of $22.73 and a two-hundred day simple moving average of $18.63. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -23.03 and a beta of 1.88.

Insider Buying and Selling

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the sale, the insider now owns 34,206 shares of the company’s stock, valued at approximately $806,235.42. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wolverine World Wide

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. acquired a new stake in Wolverine World Wide during the 4th quarter valued at approximately $64,943,000. JPMorgan Chase & Co. lifted its position in Wolverine World Wide by 1,263.0% during the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock valued at $24,857,000 after purchasing an additional 1,322,254 shares during the period. Jennison Associates LLC purchased a new stake in Wolverine World Wide in the third quarter valued at $10,974,000. Jacobs Levy Equity Management Inc. grew its position in Wolverine World Wide by 51.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock worth $17,324,000 after purchasing an additional 335,669 shares during the period. Finally, Barclays PLC raised its stake in shares of Wolverine World Wide by 767.1% during the 3rd quarter. Barclays PLC now owns 250,830 shares of the textile maker’s stock valued at $4,368,000 after buying an additional 221,904 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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.