Institutional Investors Are Crazy About Wolverine World Wide Inc (NYSE:WWW)

October 13, 2017 - By Maria Brooks

 Institutional Investors Are Crazy  About Wolverine World Wide Inc (NYSE:WWW)

Sentiment for Wolverine World Wide Inc (NYSE:WWW)

Wolverine World Wide Inc (NYSE:WWW) institutional sentiment increased to 1.51 in 2017 Q2. Its up 0.48, from 1.03 in 2017Q1. The ratio is better, as 127 hedge funds opened new and increased equity positions, while 84 sold and trimmed positions in Wolverine World Wide Inc. The hedge funds in our partner’s database now have: 85.38 million shares, down from 88.06 million shares in 2017Q1. Also, the number of hedge funds holding Wolverine World Wide Inc in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 24 Reduced: 60 Increased: 80 New Position: 47.

Wolverine World Wide, Inc. is a designer, maker and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. The company has market cap of $2.70 billion. It operates in four divisions: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses. It has a 32.96 P/E ratio. It also operates a performance leather business.

The stock increased 0.65% or $0.18 on October 13, reaching $27.98. About 461,273 shares traded. Wolverine World Wide, Inc. (NYSE:WWW) has risen 48.14% since October 13, 2016 and is uptrending. It has outperformed by 31.44% the S&P500.

Analysts expect Wolverine World Wide, Inc. (NYSE:WWW) to report $0.37 EPS on October, 17.They anticipate $0.12 EPS change or 24.49 % from last quarter’s $0.49 EPS. WWW’s profit would be $35.72M giving it 18.90 P/E if the $0.37 EPS is correct. After having $0.43 EPS previously, Wolverine World Wide, Inc.’s analysts see -13.95 % EPS growth.

Arrowmark Colorado Holdings Llc holds 1.58% of its portfolio in Wolverine World Wide, Inc. for 4.57 million shares. Mesirow Financial Investment Management owns 774,085 shares or 1.45% of their US portfolio. Moreover, Champlain Investment Partners Llc has 1.36% invested in the company for 3.98 million shares. The Massachusetts-based Redwood Investments Llc has invested 1.23% in the stock. Silvercrest Asset Management Group Llc, a New York-based fund reported 3.57 million shares.#img1#

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

Ratings analysis reveals 19% of Wolverine’s analysts are positive. Out of 16 Wall Street analysts rating Wolverine, 3 give it “Buy”, 3 “Sell” rating, while 10 recommend “Hold”. The lowest target is $18 while the high is $34.0. The stock’s average target of $25.43 is -9.11% below today’s ($27.98) share price. WWW was included in 42 notes of analysts from August 10, 2015. Stifel Nicolaus upgraded it to “Hold” rating and $34.0 target in Monday, August 10 report. The stock of Wolverine World Wide, Inc. (NYSE:WWW) has “Neutral” rating given on Friday, September 18 by Susquehanna. Robert W. Baird maintained the stock with “Buy” rating in Thursday, September 14 report. The rating was maintained by Citigroup with “Neutral” on Wednesday, October 21. Citigroup upgraded the stock to “Neutral” rating in Wednesday, September 23 report. Susquehanna maintained the stock with “Sell” rating in Thursday, June 1 report. The stock of Wolverine World Wide, Inc. (NYSE:WWW) earned “Hold” rating by Piper Jaffray on Wednesday, August 12. Sterne Agee CRT upgraded the shares of WWW in report on Tuesday, January 5 to “Neutral” rating. The rating was downgraded by DA Davidson to “Neutral” on Thursday, September 17. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, May 11.

More notable recent Wolverine World Wide, Inc. (NYSE:WWW) news were published by: Crainsdetroit.com which released: “Rockford water tested for possible contamination from old waste dump used by …” on October 13, 2017, also Seekingalpha.com with their article: “Wolverine Worldwide announces sale of DoD footwear business” published on October 02, 2017, Nasdaq.com published: “Ex-Dividend Reminder: Wolverine World Wide, Ingredion and Tootsie Roll Industries” on September 27, 2017. More interesting news about Wolverine World Wide, Inc. (NYSE:WWW) were released by: Nasdaq.com and their article: “Zacks.com featured highlights: Wolverine World Wide, CGI Group and Scorpio Bulkers” published on October 13, 2017 as well as Prnewswire.com‘s news article titled: “Wolverine Worldwide Announces Sale Of US Department Of Defense Footwear Business” with publication date: September 29, 2017.

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