Wolverine World Wide Receives a Buy from Robert W. Baird

By Jason Carr

Robert W. Baird analyst Jonathan Komp reiterated a Buy rating on Wolverine World Wide (NYSE: WWW) on September 14 and set a price target of $32. The company’s shares closed on Friday at $26.85.

According to TipRanks.com, Komp is a 4-star analyst with an average return of 5.7% and a 61.2% success rate. Komp covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Columbia Sportswear, and Duluth Holdings Inc.

Currently, the analyst consensus on Wolverine World Wide is Hold and the average price target is $29.33, representing a 9.2% upside.

In a report issued on September 5, Stifel Nicolaus also reiterated a Buy rating on the stock with a $31 price target.

The company has a one year high of $28.64 and a one year low of $20.58. Currently, Wolverine World Wide has an average volume of 631.2K.

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Wolverine World Wide, Inc. engages in the designing, manufacturing, and marketing of branded casual, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel. It operates through the following segments: Outdoor & Lifestyle Group; Boston Group; Heritage Group; and Multi-Brand Group.