Wolverine World Wide (NYSE:WWW) Stock Crosses Above Two Hundred Day Moving Average of $10.62

Wolverine World Wide, Inc. (NYSE:WWW)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.62 and traded as high as $13.24. Wolverine World Wide shares last traded at $12.98, with a volume of 446,769 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WWW. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, May 8th. Seaport Res Ptn raised shares of Wolverine World Wide from a “neutral” rating to a “buy” rating in a research note on Monday, May 6th. Williams Trading raised Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the stock from $11.00 to $16.00 in a research report on Thursday, May 9th. UBS Group raised their target price on shares of Wolverine World Wide from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Finally, Robert W. Baird increased their price target on Wolverine World Wide from $9.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Hold” and an average target price of $11.67.

Wolverine World Wide Stock Down 0.8 %

The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -13.96 and a beta of 1.76. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.24. The firm has a 50 day moving average price of $12.93 and a two-hundred day moving average price of $10.62.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, May 8th. The textile maker reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $394.90 million for the quarter, compared to analysts’ expectations of $360.31 million. Wolverine World Wide had a positive return on equity of 0.53% and a negative net margin of 3.59%. As a group, sell-side analysts expect that Wolverine World Wide, Inc. will post 0.8 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date is Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.08%. Wolverine World Wide’s dividend payout ratio is currently -43.01%.

Insider Buying and Selling

In related news, insider Isabel Soriano sold 3,201 shares of Wolverine World Wide stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $13.89, for a total transaction of $44,461.89. Following the sale, the insider now directly owns 26,519 shares in the company, valued at $368,348.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.28% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WWW. Invesco Ltd. raised its position in shares of Wolverine World Wide by 21.7% during the third quarter. Invesco Ltd. now owns 799,375 shares of the textile maker’s stock worth $6,443,000 after purchasing an additional 142,646 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Wolverine World Wide by 13.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,446,579 shares of the textile maker’s stock valued at $11,659,000 after buying an additional 175,039 shares during the last quarter. Graham Capital Management L.P. boosted its stake in shares of Wolverine World Wide by 442.0% during the 3rd quarter. Graham Capital Management L.P. now owns 106,289 shares of the textile maker’s stock worth $857,000 after acquiring an additional 86,679 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Wolverine World Wide by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 9,282,319 shares of the textile maker’s stock worth $74,815,000 after purchasing an additional 109,833 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Wolverine World Wide in the 4th quarter worth $172,000. Institutional investors 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.