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Williams Trading Stick to Their Buy Rating for Wolverine World Wide

Published 09/03/2021, 05:07 AM
Updated 09/03/2021, 05:07 AM


Williams Trading analyst Sam Poser maintained a Buy rating on Wolverine World Wide (NYSE:WWW) on Monday, setting a price target of $53, which is approximately 45.64% above the present share price of $36.39.

Poser expects Wolverine World Wide to post earnings per share (EPS) of $0.53 for the third quarter of 2021.

The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Wolverine World Wide, with an average price target of $46.13.
The analysts price targets range from a high of $56 to a low of $36.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $631.9 million and a net profit of $63.8 million. The company's market cap is $2.99 billion.

According to TipRanks.com, Williams Trading analyst Sam Poser is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.8% and a 58.33% success rate.

Wolverine World Wide, Inc. engages in the design, manufacture and sale of branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel. It operates through the following segments: Wolverine Michigan Group and Wolverine Boston Group. The Wolverine Michigan Group consists of Merrell footwear and apparel, Cat footwear, Wolverine footwear and apparel, Chaco footwear, Hush Puppies footwear and apparel, Bates uniform footwear, Harley-Davidson (NYSE:HOG) footwear and Hytest safety footwear. The Wolverine Boston Group consists of Sperry footwear and apparel, Saucony footwear and apparel, Keds footwear and apparel, and the Kids footwear business, which includes the Stride Rite licensed business, as well as kids' footwear offerings from Saucony, Sperry, Keds, Merrell, Hush Puppies and Cat. The company was founded by G. A. Krause in 1883 and is headquartered in Rockford, MI.

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