Wolverine World Wide, Inc. (WWW)’s Stock Is Buy After Achieving 52-Week High

June 17, 2018 - By Marie Mckinney

Wolverine World Wide, Inc. (NYSE:WWW) Logo

Investors sentiment decreased to 1.01 in Q1 2018. Its down 0.12, from 1.13 in 2017Q4. It worsened, as 21 investors sold Wolverine World Wide, Inc. shares while 88 reduced holdings. 39 funds opened positions while 71 raised stakes. 86.46 million shares or 1.80% less from 88.04 million shares in 2017Q4 were reported.
Credit Suisse Ag holds 0% or 116,765 shares. Bnp Paribas Arbitrage invested in 30,723 shares. 64,643 are held by Thrivent Financial For Lutherans. Stevens L P stated it has 0.01% in Wolverine World Wide, Inc. (NYSE:WWW). Moreover, Eagle Boston Inv Incorporated has 0.16% invested in Wolverine World Wide, Inc. (NYSE:WWW). Connable Office Incorporated holds 0.05% of its portfolio in Wolverine World Wide, Inc. (NYSE:WWW) for 8,852 shares. Martingale Asset Lp stated it has 0% in Wolverine World Wide, Inc. (NYSE:WWW). Hsbc Pcl holds 0% of its portfolio in Wolverine World Wide, Inc. (NYSE:WWW) for 17,603 shares. Captrust Finance reported 565 shares. Wellington Mgmt Gp Llp reported 1.73 million shares stake. American Century Inc reported 52,145 shares or 0% of all its holdings. Sawgrass Asset Mngmt Ltd Limited Liability Company reported 43,220 shares or 0.06% of all its holdings. Stone Ridge Asset Management Limited Liability owns 41,222 shares. The Missouri-based Kennedy Capital Mngmt Incorporated has invested 0.35% in Wolverine World Wide, Inc. (NYSE:WWW). Paloma Partners Mgmt Company owns 39,647 shares.

Since February 23, 2018, it had 0 insider purchases, and 8 insider sales for $5.94 million activity. Shares for $3.00 million were sold by ZWIERS JAMES D on Tuesday, February 27. ODONOVAN TIMOTHY J had sold 16,180 shares worth $481,031. Shares for $1.23M were sold by Stornant Michael D on Friday, May 18. 18,475 shares valued at $551,848 were sold by JEPPESEN MICHAEL on Friday, February 23. GERBER WILLIAM K sold $174,633 worth of stock or 5,870 shares. The insider Klimek Amy M. sold $124,614.

The stock of Wolverine World Wide, Inc. (NYSE:WWW) hit a new 52-week high and has $38.33 target or 5.00 % above today’s $36.50 share price. The 5 months bullish chart indicates low risk for the $3.46B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $38.33 price target is reached, the company will be worth $172.95M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.69% or $0.25 during the last trading session, reaching $36.5. About 1.03 million shares traded or 54.39% up from the average. Wolverine World Wide, Inc. (NYSE:WWW) has risen 31.74% since June 17, 2017 and is uptrending. It has outperformed by 19.17% the S&P500.

Analysts await Wolverine World Wide, Inc. (NYSE:WWW) to report earnings on August, 8. They expect $0.45 EPS, up 4.65 % or $0.02 from last year’s $0.43 per share. WWW’s profit will be $42.65 million for 20.28 P/E if the $0.45 EPS becomes a reality. After $0.50 actual EPS reported by Wolverine World Wide, Inc. for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth.

Wolverine World Wide, Inc. (NYSE:WWW) Ratings Coverage

Among 6 analysts covering Wolverine World Wide (NYSE:WWW), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Wolverine World Wide had 7 analyst reports since January 23, 2018 according to SRatingsIntel. Piper Jaffray maintained Wolverine World Wide, Inc. (NYSE:WWW) rating on Friday, January 26. Piper Jaffray has “Hold” rating and $33.0 target. The stock of Wolverine World Wide, Inc. (NYSE:WWW) has “Buy” rating given on Wednesday, May 30 by Argus Research. Susquehanna upgraded the stock to “Neutral” rating in Thursday, May 10 report. DA Davidson upgraded Wolverine World Wide, Inc. (NYSE:WWW) on Thursday, February 22 to “Buy” rating. Citigroup maintained Wolverine World Wide, Inc. (NYSE:WWW) on Thursday, February 22 with “Neutral” rating. The firm has “Neutral” rating given on Wednesday, April 18 by Buckingham Research. On Tuesday, January 23 the stock rating was maintained by Susquehanna with “Sell”.

Another recent and important Wolverine World Wide, Inc. (NYSE:WWW) news was published by Streetinsider.com which published an article titled: “3 Data Points You Need to Know This Week (SHOO) (SKX) (WWW)” on June 12, 2018.

Wolverine World Wide, Inc. designs, makes, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company has market cap of $3.46 billion. The firm operates through four divisions: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It has a 36500 P/E ratio. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; childrenÂ’s footwear; industrial work boots and apparel; and uniform shoes and boots.

Wolverine World Wide, Inc. (NYSE:WWW) Institutional Positions Chart

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