Wolverine World Wide, Inc. (NYSE:WWW) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.38.

WWW has been the subject of a number of research reports. 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. StockNews.com raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price target for the company from $21.00 to $29.00 in a report on Wednesday, December 11th. Finally, BNP Paribas upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Thursday, October 3rd.

Insider Buying and Selling at Wolverine World Wide

In related news, insider Isabel Soriano sold 7,687 shares of the stock in a transaction dated 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 transaction, the insider now owns 34,206 shares of the company’s stock, valued at approximately $806,235.42. This represents a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Amy M. Klimek sold 10,214 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.11, for a total value of $205,403.54. Following the completion of the transaction, the insider now directly owns 19,093 shares in the company, valued at approximately $383,960.23. The trade was a 34.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,901 shares of company stock valued at $916,266 over the last 90 days. 2.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WWW. Pacer Advisors Inc. acquired a new stake in shares of Wolverine World Wide during the fourth quarter worth $64,943,000. KBC Group NV increased its position in Wolverine World Wide by 43.8% in the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock valued at $96,000 after acquiring an additional 1,311 shares during the period. Sheets Smith Wealth Management bought a new stake in shares of Wolverine World Wide during the fourth quarter valued at about $273,000. Range Financial Group LLC acquired a new stake in shares of Wolverine World Wide in the 4th quarter worth approximately $1,072,000. Finally, GAMMA Investing LLC boosted its stake in Wolverine World Wide by 12.5% during the 4th quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock valued at $112,000 after purchasing an additional 563 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Stock Up 2.7 %

WWW opened at $23.10 on Friday. Wolverine World Wide has a one year low of $8.05 and a one year high of $24.64. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -25.96 and a beta of 1.88. The business’s fifty day moving average is $22.89 and its two-hundred day moving average is $17.91. 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 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio (DPR) is presently -44.94%.

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.