Wolverine World Wide, Inc. (NYSE:WWW) Insider Isabel Soriano Sells 7,687 Shares of Stock

Wolverine World Wide, Inc. (NYSE:WWW) insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the sale, the insider now directly owns 34,206 shares in the company, valued at approximately $806,235.42. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Wolverine World Wide Trading Down 0.1 %

Shares of WWW stock opened at $22.83 on Friday. The stock’s 50-day moving average price is $22.80 and its 200 day moving average price is $17.53. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. Wolverine World Wide, Inc. has a 52-week low of $7.88 and a 52-week high of $24.64.

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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide’s payout ratio is currently -44.94%.

Institutional Investors Weigh In On Wolverine World Wide

Large investors have recently modified their holdings of the stock. Texas Permanent School Fund Corp raised its holdings in Wolverine World Wide by 40.3% during the second quarter. Texas Permanent School Fund Corp now owns 97,073 shares of the textile maker’s stock worth $1,312,000 after purchasing an additional 27,905 shares in the last quarter. American Century Companies Inc. increased its position in Wolverine World Wide by 31.2% during the 2nd quarter. American Century Companies Inc. now owns 104,942 shares of the textile maker’s stock worth $1,419,000 after purchasing an additional 24,969 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Wolverine World Wide by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 293,030 shares of the textile maker’s stock worth $3,962,000 after buying an additional 17,711 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Wolverine World Wide by 9.3% in the 2nd quarter. Hsbc Holdings PLC now owns 11,425 shares of the textile maker’s stock valued at $153,000 after buying an additional 973 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Wolverine World Wide in the second quarter valued at approximately $146,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $15.00 price target on shares of Wolverine World Wide in a research report on Thursday, November 7th. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their target price for the company from $21.00 to $29.00 in a report on Wednesday, December 11th. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Thursday, October 3rd. Finally, StockNews.com lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.38.

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.