Wolverine World Wide Inc. (NYSE:WWW) Director William K. Gerber sold 2,162 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $21.88, for a total transaction of $47,304.56. Following the transaction, the director now directly owns 12,162 shares of the company’s stock, valued at $266,104.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wolverine World Wide Inc. (NYSE:WWW) opened at 23.25 on Monday. Wolverine World Wide Inc. has a 52-week low of $14.74 and a 52-week high of $25.54. The company has a market capitalization of $2.29 billion, a P/E ratio of 22.75 and a beta of 0.68. The firm has a 50-day moving average of $22.09 and a 200 day moving average of $21.51.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Wolverine World Wide had a net margin of 4.02% and a return on equity of 13.38%. The business earned $603.70 million during the quarter, compared to analyst estimates of $631.09 million. During the same quarter in the previous year, the business posted $0.48 EPS. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. Equities analysts predict that Wolverine World Wide Inc. will post $1.34 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of WWW. Hsbc Holdings PLC acquired a new stake in Wolverine World Wide during the third quarter valued at approximately $212,000. Anchor Capital Advisors LLC raised its stake in Wolverine World Wide by 1.5% in the third quarter. Anchor Capital Advisors LLC now owns 46,616 shares of the company’s stock valued at $1,074,000 after buying an additional 668 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in Wolverine World Wide during the third quarter valued at approximately $235,000. Crawford Investment Counsel Inc. raised its stake in Wolverine World Wide by 3.4% in the third quarter. Crawford Investment Counsel Inc. now owns 109,640 shares of the company’s stock valued at $2,525,000 after buying an additional 3,650 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Wolverine World Wide by 123.7% in the third quarter. Citadel Advisors LLC now owns 376,248 shares of the company’s stock valued at $8,665,000 after buying an additional 208,075 shares in the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.

WWW has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, September 28th. Susquehanna started coverage on shares of Wolverine World Wide in a research note on Friday, August 12th. They issued a “negative” rating and a $20.00 price target for the company. Telsey Advisory Group increased their price target on shares of Wolverine World Wide from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. Wedbush started coverage on shares of Wolverine World Wide in a research note on Tuesday, November 1st. They issued an “outperform” rating and a $25.00 price target for the company. Finally, Argus reissued a “buy” rating on shares of Wolverine World Wide in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.40.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors.

5 Day Chart for NYSE:WWW

Receive News & Stock Ratings for Wolverine World Wide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide Inc. and related stocks with our FREE daily email newsletter.