Insider Selling: Wolverine World Wide, Inc. (NYSE:WWW) Insider Sells 10,214 Shares of 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 stock was sold at an average price of $20.11, for a total transaction of $205,403.54. Following the transaction, the insider now owns 19,093 shares in the company, valued at approximately $383,960.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Wolverine World Wide Stock Down 0.9 %

NYSE:WWW opened at $22.11 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. Wolverine World Wide, Inc. has a 12-month low of $7.58 and a 12-month high of $22.60. The stock’s fifty day simple moving average is $16.15 and its 200-day simple moving average is $14.20. The firm has a market capitalization of $1.77 billion, a P/E ratio of -24.84 and a beta of 1.78.

Wolverine World Wide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 1.81%. Wolverine World Wide’s payout ratio is currently -44.94%.

Analysts Set New Price Targets

WWW has been the topic of a number of research reports. Piper Sandler reiterated an “overweight” rating and set a $18.00 target price on shares of Wolverine World Wide in a research report on Friday, August 23rd. KeyCorp raised Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Thursday, August 8th. Argus raised Wolverine World Wide to a “hold” rating in a research note on Friday, August 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $15.00 price target on shares of Wolverine World Wide in a research note on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Institutional Trading of Wolverine World Wide

A number of institutional investors and hedge funds have recently modified their holdings of WWW. Pacer Advisors Inc. bought a new position in Wolverine World Wide during the 2nd quarter worth approximately $64,295,000. Jennison Associates LLC acquired a new stake in Wolverine World Wide in the third quarter worth $10,974,000. Federated Hermes Inc. boosted 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 purchasing an additional 535,355 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Wolverine World Wide in the 2nd quarter valued at $7,098,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Wolverine World Wide in the 2nd quarter valued at $3,979,000. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Company Profile

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.