Susquehanna Thinks Wolverine World Wide’s Stock is Going to Recover

Susquehanna analyst Sam Poser maintained a Buy rating on Wolverine World Wide (WWWResearch Report) today and set a price target of $41. The company’s shares closed yesterday at $31.75, close to its 52-week low of $30.41.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.7% and a 54.3% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Deckers Outdoor.

Currently, the analyst consensus on Wolverine World Wide is a Moderate Buy with an average price target of $38.75.

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Based on Wolverine World Wide’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $35.2 million. In comparison, last year the company had a net profit of $45.8 million.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, David Kollat, a Director at WWW sold 9,870 shares for a total of $354,728.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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