Wolverine World Wide, Inc. (NYSE:WWW) Insider Amy M. Klimek Sells 10,214 Shares of Stock

Wolverine World Wide, Inc. (NYSE:WWW) insider Amy M. Klimek sold 10,214 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.11, for a total transaction of $205,403.54. Following the completion of the sale, the insider now owns 19,093 shares of the company’s stock, valued at $383,960.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Wolverine World Wide Price Performance

NYSE:WWW opened at $22.11 on Wednesday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -24.84 and a beta of 1.78. The company has a 50-day moving average of $16.15 and a 200-day moving average of $14.20. Wolverine World Wide, Inc. has a 52 week low of $7.58 and a 52 week high of $22.60. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be paid a $0.10 dividend. 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 dividend payout ratio is currently -44.94%.

Analysts Set New Price Targets

A number of research firms have weighed in on WWW. UBS Group raised shares of Wolverine World Wide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $20.00 in a research report on Friday, July 19th. Argus upgraded Wolverine World Wide to a “hold” rating in a research note on Friday, August 16th. 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 report on Thursday, October 3rd. KeyCorp upgraded Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Thursday, August 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $18.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Wolverine World Wide presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Hedge Funds Weigh In On Wolverine World Wide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Manning & Napier Advisors LLC acquired a new position in Wolverine World Wide during the second quarter worth $7,098,000. Federated Hermes Inc. boosted its position in Wolverine World Wide by 10,607.4% in the second quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker’s stock valued at $7,306,000 after buying an additional 535,355 shares in the last quarter. SG Americas Securities LLC bought a new stake in Wolverine World Wide during the second quarter worth about $548,000. Panagora Asset Management Inc. acquired a new stake in shares of Wolverine World Wide during the second quarter worth approximately $3,979,000. Finally, US Bancorp DE raised its stake in shares of Wolverine World Wide by 487.8% in the third quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock valued at $641,000 after acquiring an additional 30,519 shares during the last quarter. Institutional investors 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.