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Susquehanna Sticks to Their Hold Rating for Wolverine World Wide

Investing.com
·2-min read


Susquehanna analyst Sam Poser reiterated a Hold rating on Wolverine World Wide (NYSE:WWW) on Wednesday, setting a price target of $18, which is approximately 3.69% below the present share price of $18.69.

Poser expects Wolverine World Wide to post earnings per share (EPS) of $0.16 for the second quarter of 2020.

The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Wolverine World Wide, with an average price target of $26.
The analysts price targets range from a high of $34 to a low of $18.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $439.3 million and a net profit of $16.9 million. The company's market cap is $1.44 billion.

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According to TipRanks.com, Susquehanna analyst Sam Poser is ranked 0 out of 5 stars with an average return of -5.8% and a 43.5% 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.