Follow-up: Wolverine World Wide downgraded to Sell at Citigroup Citigroup downgraded Wolverine World Wide to Sell from Neutral citing slowing growth at Sperry and continued challenges in the first half of 2014 from weather and tough comps. Citi lowered its price target for shares to $25 from $35. Shares of Wolverine are down 9% to $25.52 in afternoon trading following the company's Q4 results
Wolverine World Wide reports Q2 adjusted EPS 27c, consensus 20c Reports Q2 revenue $630.1M, consensus $618.76M. Adjusting for the impact of foreign exchange, retail store closures and termination of the Patagonia license agreement, adjusted revenue grew 6.9% versus the prior year.