Amy Klimek Sells 11,528 Shares of Wolverine World Wide (NYSE:WWW) Stock

Wolverine World Wide, Inc. (NYSE:WWW) insider Amy Klimek sold 11,528 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $22.32, for a total value of $257,304.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wolverine World Wide Price Performance

WWW stock traded down $0.32 during trading on Monday, hitting $22.38. The company had a trading volume of 1,813,429 shares, compared to its average volume of 1,583,989. The company has a fifty day moving average price of $28.01 and a two-hundred day moving average price of $22.43. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 1.58. The company has a market cap of $1.82 billion, a P/E ratio of 21.94 and a beta of 1.81. Wolverine World Wide, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $32.80.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, August 6th. The textile maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.12. Wolverine World Wide had a return on equity of 31.99% and a net margin of 4.73%.The firm had revenue of $474.20 million during the quarter, compared to the consensus estimate of $447.82 million. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts expect that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 2nd will be given a $0.10 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.40 annualized dividend and a yield of 1.8%. Wolverine World Wide’s payout ratio is presently 39.22%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Wolverine World Wide from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. UBS Group lifted their price objective on Wolverine World Wide from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wolverine World Wide in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.71.

Institutional Investors Weigh In On Wolverine World Wide

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AlphaQuest LLC raised its position in shares of Wolverine World Wide by 370.0% during the third quarter. AlphaQuest LLC now owns 3,257 shares of the textile maker’s stock worth $89,000 after acquiring an additional 2,564 shares during the last quarter. Alta Wealth Advisors LLC bought a new stake in Wolverine World Wide in the third quarter valued at about $241,000. Vanguard Personalized Indexing Management LLC bought a new stake in Wolverine World Wide in the third quarter valued at about $256,000. Y Intercept Hong Kong Ltd bought a new stake in Wolverine World Wide in the third quarter valued at about $216,000. Finally, Covestor Ltd increased its holdings in Wolverine World Wide by 16,025.0% in the third quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 1,282 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

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.