Insider Selling: Wolverine World Wide, Inc. (NYSE:WWW) Insider Sells $205,403.54 in Stock

Wolverine World Wide, Inc. (NYSE:WWW) insider Amy M. Klimek sold 10,214 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $20.11, for a total value of $205,403.54. Following the sale, the insider now directly owns 19,093 shares of the company’s stock, valued at approximately $383,960.23. This represents a 34.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wolverine World Wide Stock Performance

Shares of WWW stock opened at $22.03 on Friday. Wolverine World Wide, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $22.86. The business has a fifty day simple moving average of $16.47 and a 200-day simple moving average of $14.33. 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 company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio is currently -44.94%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $15.00 price target on shares of Wolverine World Wide in a report on Thursday, November 7th. UBS Group raised Wolverine World Wide from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.00 to $20.00 in a report on Friday, July 19th. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Thursday, October 3rd. Argus raised Wolverine World Wide to a “hold” rating in a report on Friday, August 16th. Finally, Robert W. Baird raised their target price on Wolverine World Wide from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Earnest Partners LLC increased its position in Wolverine World Wide by 1.7% during the 2nd quarter. Earnest Partners LLC now owns 5,321,797 shares of the textile maker’s stock worth $71,951,000 after purchasing an additional 90,407 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Wolverine World Wide during the 2nd quarter worth about $64,295,000. Bank of New York Mellon Corp increased its position in Wolverine World Wide by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 994,443 shares of the textile maker’s stock worth $13,445,000 after purchasing an additional 60,481 shares in the last quarter. Sei Investments Co. increased its position in Wolverine World Wide by 1.8% during the 1st quarter. Sei Investments Co. now owns 688,530 shares of the textile maker’s stock worth $7,718,000 after purchasing an additional 12,266 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in Wolverine World Wide during the 3rd quarter worth about $10,974,000. Hedge funds and other 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.