Wolverine (WWW) is Upgraded by Sterne Agee CRT to Neutral

Wolverine (WWW) is Upgraded by Sterne Agee CRT to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Underperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Wolverine World Wide Inc. has dropped 22.12% during the last 3-month period . Year-to-Date the stock performance stands at -42.72%.

Wolverine World Wide, Inc. (NYSE:WWW) has lost 5.22% during the past week and dropped 7.17% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 4.43%. Wolverine World Wide, Inc. (NYSE:WWW) has underperformed the index by 5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Wolverine World Wide, Inc. (NYSE:WWW) ended Thursday session in red amid volatile trading. The shares closed down 0.48 points or 2.79% at $16.71 with 816,701 shares getting traded. Post opening the session at $17.1, the shares hit an intraday low of $16.7 and an intraday high of $17.25 and the price vacillated in this range throughout the day. The company has a market cap of $1,719 million and the number of outstanding shares have been calculated to be 102,889,460 shares. The 52-week high of Wolverine World Wide, Inc. (NYSE:WWW) is $35.2 and the 52-week low is $16.7.

Currently the company Insiders own 4.94% of Wolverine World Wide, Inc. shares according to the proxy statements. Institutional Investors own 90.42% of Wolverine World Wide, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -11.07%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Wolverine World Wide Inc /De/, Boromisa Jeffrey M, had purchased 2,500 shares in a transaction dated on October 29, 2015. The transaction was executed at $18.49 per share with total amount equaling $46,225.

Wolverine World Wide, Inc. is a designer, manufacturer and marketer of a range of casual footwear and apparel, performance outdoor footwear and apparel, industrial work shoes, boots and apparel, and uniform shoes and boots. In addition to its branded footwear, apparel and licensing operations, it also operates 89 retail stores in North America and 12 retail stores in the United Kingdom that feature footwear and apparel, and operates a performance leathers business through its Wolverine Leathers Division. The products are marketed under brand names, which include Bates, Cat Footwear, Chaco, Cushe, Harley-Davidson Footwear, Hush Puppies, HyTest, Merrell, Patagonia Footwear, Sebago, Soft Style and Wolverine. Approximately 52 million pairs/units of its footwear and apparel were sold, during the year ended December 31, 2011. In October 2012, it announced that a consortium comprised of Wolverine Worldwide, Golden Gate Capital and Blum Capital Partners acquired Collective Brands, Inc.