Wolverine World Wide, Inc. (NYSE: WWW) rated to Buy with price target $34 by Stifel
Stifel rated Wolverine World
Wide, Inc. (NYSE: WWW) to Buy with price target $34.
Wolverine World Wide, Inc.
is a designer, manufacturer and marketer of a range of casual shoes, rugged outdoor and work footwear. Approximately 46.6 million pairs of the Company?s branded footwear were sold during the fiscal year ended January 3, 2009 (fiscal 2008). The products are marketed throughout the world under brand names, including Bates, Cat Footwear, Chaco, Cush, Harley-Davidson Footwear, Hush Puppies, HyTest, Merrell, Patagonia Footwear, Sebago and Wolverine. The Company?s footwear products are organized under four operating units: the Wolverine Footwear Group, the Outdoor Group, the Heritage Brands Group and The Hush Puppies Company. The Company operates in Branded Footwear, Apparel and Licensing segment. The Company?s Other Business units consist of its retail stores, leathers and pigskin procurement operations. The Company acquired the Chaco and ULU Footwear businesses in January 2009. The Company acquired the Cushe Footwear business in January 2009.