Wolverine World Wide, Inc. (NYSE:WWW) Receives $19.38 Consensus Target Price from Brokerages

Wolverine World Wide, Inc. (NYSE:WWW) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.38.

A number of analysts recently weighed in on WWW shares. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Friday. 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 report on Thursday, October 3rd. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price objective for the company from $21.00 to $29.00 in a report on Wednesday, December 11th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $15.00 target price on shares of Wolverine World Wide in a research note on Thursday, November 7th.

Insider Activity

In other Wolverine World Wide news, insider Amy M. Klimek sold 10,214 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $20.11, for a total transaction of $205,403.54. Following the transaction, the insider now directly owns 19,093 shares in the company, valued at $383,960.23. This represents a 34.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.28% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Wolverine World Wide by 12.5% during the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock valued at $112,000 after buying an additional 563 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Wolverine World Wide by 9.3% in the 2nd quarter. Hsbc Holdings PLC now owns 11,425 shares of the textile maker’s stock valued at $153,000 after acquiring an additional 973 shares during the period. Intech Investment Management LLC increased its holdings in shares of Wolverine World Wide by 5.0% in the 3rd quarter. Intech Investment Management LLC now owns 39,412 shares of the textile maker’s stock valued at $687,000 after acquiring an additional 1,866 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Wolverine World Wide in the 3rd quarter worth $35,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Wolverine World Wide by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,512 shares of the textile maker’s stock worth $413,000 after purchasing an additional 2,138 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Trading Down 0.9 %

Shares of WWW opened at $22.41 on Wednesday. The company’s fifty day simple moving average is $21.64 and its 200-day simple moving average is $16.92. The company has a market cap of $1.79 billion, a P/E ratio of -25.18 and a beta of 1.88. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. Wolverine World Wide has a twelve month low of $7.58 and a twelve month high of $24.64.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio is -44.94%.

Wolverine World Wide Company Profile

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.