Wolverine World Wide, Inc. (NYSE:WWW) Insider Sells $205,403.54 in Stock

Wolverine World Wide, Inc. (NYSE:WWW) insider Amy M. Klimek sold 10,214 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.11, for a total transaction of $205,403.54. Following the completion of the sale, the insider now directly owns 19,093 shares of the company’s stock, valued at $383,960.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wolverine World Wide Trading Down 2.7 %

NYSE:WWW opened at $21.51 on Thursday. Wolverine World Wide, Inc. has a twelve month low of $7.58 and a twelve month high of $22.86. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The business has a 50 day moving average price of $16.32 and a two-hundred day moving average price of $14.28.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio (DPR) is presently -44.94%.

Institutional Investors Weigh In On Wolverine World Wide

A number of large investors have recently added to or reduced their stakes in WWW. Manning & Napier Advisors LLC acquired a new stake in shares of Wolverine World Wide during the 2nd quarter worth $7,098,000. Federated Hermes Inc. raised its position in shares of Wolverine World Wide by 10,607.4% during the second quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker’s stock worth $7,306,000 after acquiring an additional 535,355 shares during the last quarter. SG Americas Securities LLC bought a new stake in Wolverine World Wide in the second quarter worth approximately $548,000. Panagora Asset Management Inc. bought a new stake in Wolverine World Wide in the second quarter worth approximately $3,979,000. Finally, US Bancorp DE increased its holdings in Wolverine World Wide by 487.8% in the third quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock worth $641,000 after purchasing an additional 30,519 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WWW. UBS Group upgraded shares of Wolverine World Wide from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.00 to $20.00 in a report on Friday, July 19th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $15.00 price objective on shares of Wolverine World Wide in a research report on Thursday, November 7th. BNP Paribas raised shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Thursday, October 3rd. Piper Sandler restated an “overweight” rating and issued a $18.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 23rd. Finally, Argus upgraded shares of Wolverine World Wide to a “hold” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.00.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.