Wolverine World Wide, Inc. (NYSE:WWW) Insider Sells $529,680.00 in Stock

Wolverine World Wide, Inc. (NYSE:WWW) insider Amy M. Klimek sold 24,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $22.07, for a total transaction of $529,680.00. Following the transaction, the insider now directly owns 20,238 shares in the company, valued at approximately $446,652.66. The trade was a 54.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wolverine World Wide Stock Up 2.4 %

Shares of NYSE:WWW opened at $22.03 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. The company’s 50-day moving average price is $16.47 and its 200 day moving average price is $14.33. Wolverine World Wide, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $22.86.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio (DPR) is -44.94%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WWW shares. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Thursday, October 3rd. Robert W. Baird boosted their target price on shares of Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Piper Sandler reiterated an “overweight” rating and issued a $18.00 price target on shares of Wolverine World Wide in a research note on Friday, August 23rd. Telsey Advisory Group restated a “market perform” rating and set a $15.00 price objective on shares of Wolverine World Wide in a research note on Thursday, November 7th. Finally, Argus upgraded Wolverine World Wide to a “hold” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in shares of Wolverine World Wide during the third quarter valued at about $35,000. Canada Pension Plan Investment Board bought a new position in shares of Wolverine World Wide in the second quarter valued at approximately $68,000. Cedar Mountain Advisors LLC acquired a new position in shares of Wolverine World Wide during the third quarter valued at approximately $70,000. GAMMA Investing LLC raised its holdings in Wolverine World Wide by 15.9% during the third quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock worth $78,000 after purchasing an additional 616 shares in the last quarter. Finally, Natixis acquired a new stake in Wolverine World Wide in the first quarter worth approximately $112,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

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.