Notable Mover: Is Buying Wolverine World Wide, Inc. Here a Winning Strategy?

Notable Mover: Is Buying Wolverine World Wide, Inc. Here a Winning Strategy?

The stock of Wolverine World Wide, Inc. (NYSE:WWW) is a huge mover today! About 461,020 shares traded hands. Wolverine World Wide, Inc. (NYSE:WWW) has risen 18.89% since April 28, 2016 and is uptrending. It has outperformed by 12.97% the S&P500.
The move comes after 6 months positive chart setup for the $2.16 billion company. It was reported on Dec, 1 by Barchart.com. We have $23.51 PT which if reached, will make NYSE:WWW worth $86.40M more.

Analysts await Wolverine World Wide, Inc. (NYSE:WWW) to report earnings on February, 28. They expect $0.31 earnings per share, down 6.06% or $0.02 from last year’s $0.33 per share. WWW’s profit will be $29.62 million for 18.23 P/E if the $0.31 EPS becomes a reality. After $0.49 actual earnings per share reported by Wolverine World Wide, Inc. for the previous quarter, Wall Street now forecasts -36.73% negative EPS growth.

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

Out of 14 analysts covering Wolverine (NYSE:WWW), 3 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 21% are positive. Wolverine has been the topic of 25 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Wolverine World Wide, Inc. (NYSE:WWW) has “Sell” rating given on Tuesday, September 8 by Zacks. As per Wednesday, September 23, the company rating was upgraded by Citigroup. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, October 21. The stock of Wolverine World Wide, Inc. (NYSE:WWW) has “Neutral” rating given on Friday, September 18 by Susquehanna. The stock of Wolverine World Wide, Inc. (NYSE:WWW) has “Underperform” rating given on Wednesday, April 27 by Sterne Agee CRT. The stock has “Outperform” rating given by Wedbush on Wednesday, November 2. The company was downgraded on Wednesday, August 19 by Zacks. As per Monday, August 10, the company rating was upgraded by Stifel Nicolaus. Zacks downgraded the stock to “Sell” rating in Wednesday, September 2 report. The firm earned “Market Perform” rating on Thursday, September 17 by Telsey Advisory Group.

According to Zacks Investment Research, “WOLVERINE WORLD WIDE INC. Wolverine World Wide, Inc. designs, manufactures, distributes and markets various brands and styles of footwear. The wide variety of footwear sold by the Company includes casual shoes, slippers, moccasins, dress shoes, boots, uniform shoes and work boots and shoes. The Company is also a domestic tanner of pigskin.”

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.07, from 0.96 in 2016Q1. The ratio increased, as 41 funds sold all Wolverine World Wide, Inc. shares owned while 62 reduced positions. 28 funds bought stakes while 71 increased positions. They now own 87.37 million shares or 4.09% more from 83.94 million shares in 2016Q1.
Aperio Gru Ltd Liability, a California-based fund reported 21,082 shares. Ironbridge Capital Management Limited Partnership has 285,476 shares for 0.25% of their US portfolio. Crawford Investment Counsel accumulated 105,990 shares or 0.09% of the stock. Tiaa Cref Mgmt Lc, a New York-based fund reported 480,835 shares. Invesco Ltd has 0% invested in the company for 200,776 shares. Pnc Serv Incorporated has 104,353 shares for 0% of their US portfolio. State Of Wisconsin Inv Board last reported 0.06% of its portfolio in the stock. Prudential Financial last reported 0.03% of its portfolio in the stock. Amalgamated National Bank & Trust has 11,509 shares for 0.02% of their US portfolio. Moreover, Kennedy Capital Management Inc has 0.2% invested in Wolverine World Wide, Inc. (NYSE:WWW) for 488,330 shares. Ubs Asset Management Americas Inc last reported 0% of its portfolio in the stock. Janus Capital Management Limited has 10.02 million shares for 0.17% of their US portfolio. Jpmorgan Chase Com owns 643,247 shares or 0% of their US portfolio. Comerica Bancshares has 212,313 shares for 0.04% of their US portfolio. Moreover, Cambiar Invsts Llc has 0.37% invested in Wolverine World Wide, Inc. (NYSE:WWW) for 1.30M shares.

Insider Transactions: Since November 7, 2016, the stock had 0 insider buys, and 1 sale for $47,305 net activity. On Monday, November 7 the insider GERBER WILLIAM K sold $47,305.

WWW Company Profile

Wolverine World Wide, Inc., incorporated on March 3, 1969, 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’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors. The Firm operates in three operating divisions: Lifestyle Group, consisting of Sperry footwear and apparel, Stride Rite footwear and apparel, Hush Puppies footwear and apparel, Keds footwear and apparel, and Soft Style footwear; Performance Group, consisting of Merrell footwear and apparel, Saucony footwear and apparel, and Chaco footwear, and Heritage Group, consisting of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Sebago footwear and apparel, Harley-Davidson footwear and HyTest safety footwear. The Other category consists of the Company’s multi-brand consumer-direct business and leather business. The multi-brand consumer-direct division includes brick and mortar and e-commerce activities that sell and distribute footwear and apparel from the Company’s brand portfolio and other brands. The Wolverine Leathers Division markets pigskin leather for use primarily in the footwear industry.

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