Wolverine World Wide, Inc. (NYSE:WWW) hit a new 52-week high on Monday . The company traded as high as $39.27 and last traded at $39.18, with a volume of 527505 shares trading hands. The stock had previously closed at $38.36.

A number of equities research analysts recently weighed in on WWW shares. TheStreet upgraded shares of Wolverine World Wide from a “c” rating to a “b-” rating in a research note on Thursday, May 10th. DA Davidson restated a “buy” rating on shares of Wolverine World Wide in a research note on Wednesday, May 9th. ValuEngine upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Tuesday, June 12th. Argus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, May 30th. Finally, Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.58.

The company has a current ratio of 2.65, a quick ratio of 1.86 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3.73 billion, a P/E ratio of 23.84, a PEG ratio of 1.83 and a beta of 1.02.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, August 8th. The textile maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.46 by $0.08. Wolverine World Wide had a net margin of 2.83% and a return on equity of 18.58%. The firm had revenue of $566.90 million for the quarter, compared to analysts’ expectations of $569.24 million. During the same period in the previous year, the business earned $0.43 earnings per share. Wolverine World Wide’s revenue for the quarter was down 5.3% compared to the same quarter last year. sell-side analysts expect that Wolverine World Wide, Inc. will post 2.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Monday, October 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, September 28th. Wolverine World Wide’s dividend payout ratio (DPR) is presently 19.51%.

In other Wolverine World Wide news, Director William K. Gerber sold 1,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $37.17, for a total value of $37,170.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Jeppesen sold 49,151 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $37.77, for a total transaction of $1,856,433.27. Following the completion of the sale, the insider now owns 156,470 shares in the company, valued at $5,909,871.90. The disclosure for this sale can be found here. 5.81% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in Wolverine World Wide by 114.3% in the 1st quarter. Wells Fargo & Company MN now owns 353,447 shares of the textile maker’s stock worth $10,214,000 after purchasing an additional 188,489 shares in the last quarter. Rhumbline Advisers increased its stake in Wolverine World Wide by 1.4% in the 1st quarter. Rhumbline Advisers now owns 238,171 shares of the textile maker’s stock worth $6,883,000 after purchasing an additional 3,398 shares in the last quarter. Comerica Bank increased its stake in Wolverine World Wide by 2.7% in the 1st quarter. Comerica Bank now owns 100,948 shares of the textile maker’s stock worth $2,963,000 after purchasing an additional 2,664 shares in the last quarter. Pinnacle Financial Partners Inc. purchased a new position in Wolverine World Wide during the 1st quarter valued at about $128,000. Finally, Trexquant Investment LP grew its stake in Wolverine World Wide by 92.8% during the 1st quarter. Trexquant Investment LP now owns 27,108 shares of the textile maker’s stock valued at $783,000 after acquiring an additional 13,049 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

Wolverine World Wide Company Profile (NYSE:WWW)

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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