Wolverine World Wide (WWW) PT Raised to $33 at Citi
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UPDATE: DA Davidson Upgrades Wolverine World Wide (WWW) to Buy; 'Heavy Lifting Complete'
February 22, 2018 6:19 AM EST(Updated - February 22, 2018 8:01 AM EST)
(updated to add analyst comments)
DA Davidson upgraded Wolverine World Wide (NYSE: WWW) from Neutral to Buy with a price target of $36.00 (from $33.00).
Analyst Andrew Burns commented, "Exiting a multi-year restructuring effort, WWW is... More
Wolverine World Wide (WWW) PT Raised to $25 at Susquehanna
February 22, 2018 2:59 AM ESTSusquehanna raised its price target on Wolverine World Wide (NYSE: WWW) to $25.00 (from $22.00) while maintaining a Negative rating.
... MoreWolverine World Wide (WWW) PT Lowered to $33 at Telsey
February 22, 2018 1:09 AM ESTTelsey lowered its price target on Wolverine World Wide (NYSE: WWW) to $33.00 (from $35.00) while maintaining a Market Perform rating.
... MoreWolverine World Wide (WWW) Reports In-Line Q4 EPS, Slight Miss on Revenues; Offers FY18 EPS/Revenue Outlook In-Line with Estimates
February 21, 2018 6:33 AM ESTWolverine World Wide (NYSE: WWW) reported Q4 EPS of $0.41, in-line with the analyst estimate of $0.41. Revenue for the quarter came in at $578 million versus the consensus estimate of $580.26 million.
Fourth Quarter Results
Reported revenue of $578.6 million decreased 20.7% during the fourth quarter, or decreased 7.1% after taking into effect the quarterly calendar change. Underlying revenue increased 1.7%, including nearly 18% underlying growth for Merrell.Reported gross margin was 38.4%, compared to 36.6% in the prior year. Adjusted gross margin on a constant currency basis was 38.5%, compared to 37.1% in the prior... More