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

Wolverine World Wide, Inc. (NYSE:WWW) insider Isabel Soriano sold 7,687 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the transaction, the insider now owns 34,206 shares of the company’s stock, valued at $806,235.42. This represents a 18.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wolverine World Wide Price Performance

Shares of Wolverine World Wide stock traded down $0.02 during trading on Friday, hitting $22.83. The stock had a trading volume of 936,425 shares, compared to its average volume of 1,135,048. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -25.65 and a beta of 1.88. Wolverine World Wide, Inc. has a 12 month low of $7.88 and a 12 month high of $24.64. The business’s 50-day moving average is $22.79 and its 200 day moving average is $17.47. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 1.75%. Wolverine World Wide’s payout ratio is currently -44.94%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new position in shares of Wolverine World Wide in the 3rd quarter worth $35,000. Canada Pension Plan Investment Board purchased a new position in Wolverine World Wide in the second quarter worth $68,000. Cedar Mountain Advisors LLC bought a new position in Wolverine World Wide in the third quarter valued at $70,000. GAMMA Investing LLC raised its position in Wolverine World Wide by 15.9% during the third quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 616 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Wolverine World Wide during the third quarter worth about $113,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Analyst Ratings Changes

WWW has been the subject of several analyst reports. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday. BNP Paribas upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Thursday, October 3rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $15.00 price objective on shares of Wolverine World Wide in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Wolverine World Wide currently has a consensus 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.