Stifel Nicolaus Sticks to Its Buy Rating for Wolverine World Wide (WWW)

In a report released yesterday, Peter McGoldrick from Stifel Nicolaus maintained a Buy rating on Wolverine World Wide, with a price target of $25.00. The company’s shares closed yesterday at $18.56.

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McGoldrick covers the Consumer Cyclical sector, focusing on stocks such as Columbia Sportswear, Nike, and VF. According to TipRanks, McGoldrick has an average return of -2.3% and a 47.62% success rate on recommended stocks.

Currently, the analyst consensus on Wolverine World Wide is a Moderate Buy with an average price target of $23.57, representing a 26.99% upside. In a report released on December 9, UBS also reiterated a Buy rating on the stock with a $28.00 price target.

Based on Wolverine World Wide’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $470.3 million and a net profit of $25.1 million. In comparison, last year the company earned a revenue of $440.2 million and had a net profit of $23.6 million

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WWW in relation to earlier this year. Last month, DeMonty Price, a Director at WWW bought 25,000.00 shares for a total of $394,250.00.