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 that occurred on Monday, November 25th. The shares were 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 in the company, valued at $806,235.42. The trade was a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wolverine World Wide Price Performance

Shares of WWW stock opened at $22.83 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. Wolverine World Wide, Inc. has a fifty-two week low of $7.88 and a fifty-two week high of $24.64. The firm has a market cap of $1.83 billion, a P/E ratio of -25.65 and a beta of 1.88. The business’s 50 day moving average price is $22.80 and its 200-day moving average price is $17.56.

Wolverine World Wide Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the company from $21.00 to $29.00 in a report on Wednesday, December 11th. Telsey Advisory Group reaffirmed 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. StockNews.com lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, BNP Paribas upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.38.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new stake in shares of Wolverine World Wide during the 3rd quarter valued at about $35,000. Canada Pension Plan Investment Board purchased a new stake in Wolverine World Wide in the second quarter worth about $68,000. Cedar Mountain Advisors LLC bought a new stake in Wolverine World Wide during the 3rd quarter valued at approximately $70,000. GAMMA Investing LLC grew its holdings in shares of Wolverine World Wide by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock worth $78,000 after acquiring an additional 616 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Wolverine World Wide in the 3rd quarter worth approximately $113,000. 90.25% of the stock is currently owned by institutional investors.

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.