Wolverine World Wide, Inc. (NYSE:WWW) insider Michael Jeppesen sold 49,151 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $37.77, for a total value of $1,856,433.27. Following the completion of the sale, the insider now owns 156,470 shares of the company’s stock, valued at $5,909,871.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Wolverine World Wide stock traded up $0.48 during mid-day trading on Friday, hitting $38.24. The company’s stock had a trading volume of 317,994 shares, compared to its average volume of 734,416. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.76 and a beta of 0.98. Wolverine World Wide, Inc. has a 1 year low of $25.25 and a 1 year high of $38.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.86 and a current ratio of 2.65.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, August 8th. The textile maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.08. The company had revenue of $566.90 million during the quarter, compared to analyst estimates of $569.24 million. Wolverine World Wide had a return on equity of 18.58% and a net margin of 2.83%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. analysts forecast that Wolverine World Wide, Inc. will post 2.13 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Monday, October 1st will be given a $0.08 dividend. The ex-dividend date is Friday, September 28th. This represents a $0.32 annualized dividend and a yield of 0.84%. Wolverine World Wide’s payout ratio is 19.51%.

Institutional investors have recently modified their holdings of the stock. Whittier Trust Co. grew its position in Wolverine World Wide by 17,858.3% in the second quarter. Whittier Trust Co. now owns 41,304 shares of the textile maker’s stock worth $1,076,000 after acquiring an additional 41,074 shares during the period. Natixis Advisors L.P. acquired a new position in Wolverine World Wide during the first quarter worth $383,000. Millennium Management LLC lifted its stake in Wolverine World Wide by 92.1% during the fourth quarter. Millennium Management LLC now owns 33,336 shares of the textile maker’s stock worth $1,063,000 after purchasing an additional 15,986 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Wolverine World Wide by 7.7% during the first quarter. Thrivent Financial for Lutherans now owns 64,643 shares of the textile maker’s stock worth $1,868,000 after purchasing an additional 4,609 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Wolverine World Wide by 1.8% during the first quarter. Principal Financial Group Inc. now owns 745,972 shares of the textile maker’s stock worth $21,559,000 after purchasing an additional 13,073 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

WWW has been the subject of a number of analyst reports. ValuEngine upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Tuesday, June 12th. TheStreet upgraded Wolverine World Wide from a “c” rating to a “b-” rating in a research report on Thursday, May 10th. Susquehanna Bancshares upgraded Wolverine World Wide from a “neutral” rating to a “positive” rating and upped their price target for the company from $29.00 to $41.00 in a research report on Wednesday, August 1st. Pivotal Research set a $33.00 price target on Wolverine World Wide and gave the company a “hold” rating in a research report on Wednesday, May 2nd. Finally, DA Davidson restated a “buy” rating on shares of Wolverine World Wide in a research report on Wednesday, May 9th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $38.04.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.

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