Wolverine World Wide downgraded to Neutral at Piper Sandler [Seeking Alpha]
Wolverine World Wide, Inc. (WWW)
Last wolverine world wide, inc. earnings: 4/22 06:30 am
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US:NYSE Investor Relations:
wolverineworldwide.gcs-web.com/investor-relations
Company Research
Source: Seeking Alpha
Wolverine World Wide downgraded to Neutral at Piper SandlerJan. 05, 2023 9:11 AM ETWolverine World Wide, Inc. (WWW)By:Kevin P. CurranSA News EditorGAPSWolverine World Wide (NYSE:Equity analysts Abbie Zvejnieks and Edward Yruma advised that still-elevated inventory levels are likely to weigh onmargins into 2023. Further, concerns about debt levels continue to grow in a rising rate environment.â??Although we remain constructive on the LT opportunity of WWW's corporate strategy review (including the announced divestiture of Keds and Wolverine Leathers), we are pointing investors to strong growing brands with healthy balance sheets,â? the analysts concluded.Alongside the downgrade from Overweight to Neutral, the pair cut their price target on the stock to $13 from a prior $23. Shares of the Michigan-based footwear manufacturer fell 3.98% shortly before Thursdayâ??s market open.Previously:Schnitzer Steel Non-GAAP EPS of -$0.44 beats by $0.02, revenue of $599M misses by $3.73MRead more on
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WWW
News
- Wolverine's (WWW) Q1 Earnings Coming Up: What Lies Ahead? [Yahoo! Finance]Yahoo! Finance
- Wolverine World Wide's (NYSE:WWW) Dividend Will Be $0.10 [Yahoo! Finance]Yahoo! Finance
- Wolverine World Wide (NYSE:WWW) investors are sitting on a loss of 73% if they invested three years ago [Yahoo! Finance]Yahoo! Finance
- Wolverine World Wide's Saucony running shoes gaining in popularity - analyst [Seeking Alpha]Seeking Alpha
- Wolverine Worldwide Declares Quarterly DividendBusiness Wire
WWW
Earnings
- 2/21/24 - Beat
WWW
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- WWW's page on the SEC website