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

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

Wolverine World Wide Stock Down 0.1 %

Wolverine World Wide stock opened at $22.83 on Friday. Wolverine World Wide, Inc. has a 12-month low of $7.88 and a 12-month high of $24.64. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The firm's 50-day moving average is $22.80 and its two-hundred day moving average is $17.53.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.75%. Wolverine World Wide's dividend payout ratio (DPR) is currently -44.94%.

Institutional Trading of Wolverine World Wide




Several hedge funds and other institutional investors have recently bought and sold shares of WWW. Future Financial Wealth Managment LLC acquired a new stake in shares of Wolverine World Wide during the third quarter worth $35,000. Canada Pension Plan Investment Board purchased a new position in Wolverine World Wide during the second quarter worth about $68,000. Cedar Mountain Advisors LLC purchased a new position in Wolverine World Wide during the third quarter worth about $70,000. GAMMA Investing LLC boosted its stake in Wolverine World Wide by 15.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker's stock worth $78,000 after buying an additional 616 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Wolverine World Wide in the 3rd quarter valued at about $113,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WWW. BNP Paribas raised Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $22.00 target price on the stock in a report on Thursday, October 3rd. StockNews.com cut shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday. Telsey Advisory Group restated a "market perform" rating and set a $15.00 target price on shares of Wolverine World Wide in a research report on Thursday, November 7th. Finally, Stifel Nicolaus upgraded shares of Wolverine World Wide from a "hold" rating to a "buy" rating and increased their price target for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.38.

View Our Latest Stock Analysis on WWW

About Wolverine World Wide

(Get Free Report)

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.

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