Wolverine World Wide (NYSE:WWW) Insider Amy Klimek Sells 11,528 Shares

Wolverine World Wide, Inc. (NYSE:WWW) insider Amy Klimek sold 11,528 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $22.32, for a total value of $257,304.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Wolverine World Wide Stock Down 1.4%

WWW stock traded down $0.32 during mid-day trading on Monday, hitting $22.38. The stock had a trading volume of 1,813,429 shares, compared to its average volume of 1,583,989. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 21.94 and a beta of 1.81. The company has a fifty day moving average of $28.01 and a 200 day moving average of $22.43. Wolverine World Wide, Inc. has a 1-year low of $9.58 and a 1-year high of $32.80.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, August 6th. The textile maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $447.82 million. Wolverine World Wide had a return on equity of 31.99% and a net margin of 4.73%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, equities analysts expect that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. Wolverine World Wide’s dividend payout ratio is currently 39.22%.

Analyst Upgrades and Downgrades

WWW has been the topic of a number of analyst reports. Piper Sandler reissued an “overweight” rating and set a $25.00 price objective (up previously from $20.00) on shares of Wolverine World Wide in a report on Tuesday, August 5th. UBS Group raised their target price on Wolverine World Wide from $36.00 to $39.00 and gave the company a “buy” rating in a report on Monday, October 27th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $29.00 target price on shares of Wolverine World Wide in a report on Wednesday, October 29th. Zacks Research lowered Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, KeyCorp reissued an “overweight” rating and set a $32.00 price objective (up previously from $25.00) on shares of Wolverine World Wide in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Wolverine World Wide has an average rating of “Moderate Buy” and a consensus price target of $28.71.

Institutional Trading of Wolverine World Wide

Several institutional investors have recently modified their holdings of WWW. AlphaQuest LLC boosted its stake in Wolverine World Wide by 370.0% in the 3rd quarter. AlphaQuest LLC now owns 3,257 shares of the textile maker’s stock valued at $89,000 after buying an additional 2,564 shares in the last quarter. Alta Wealth Advisors LLC acquired a new stake in Wolverine World Wide in the 3rd quarter valued at $241,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Wolverine World Wide in the 3rd quarter valued at $256,000. Y Intercept Hong Kong Ltd acquired a new stake in Wolverine World Wide in the 3rd quarter valued at $216,000. Finally, Covestor Ltd boosted its stake in Wolverine World Wide by 16,025.0% in the 3rd quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after buying an additional 1,282 shares in the last quarter. Institutional investors and hedge funds 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.