Wolverine World Wide, Inc. (NYSE:WWW) Insider Amy M. Klimek Sells 24,000 Shares of Stock

Wolverine World Wide, Inc. (NYSE:WWW) insider Amy M. Klimek sold 24,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $22.07, for a total transaction of $529,680.00. Following the transaction, the insider now directly owns 20,238 shares of the company’s stock, valued at approximately $446,652.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wolverine World Wide Stock Down 0.9 %

Shares of WWW opened at $22.11 on Wednesday. The stock has a 50 day moving average price of $16.15 and a 200 day moving average price of $14.20. Wolverine World Wide, Inc. has a one year low of $7.58 and a one year high of $22.60. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio (DPR) is -44.94%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WWW. KeyCorp raised Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Thursday, August 8th. UBS Group raised Wolverine World Wide from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.00 to $20.00 in a report on Friday, July 19th. BNP Paribas upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Thursday, October 3rd. Robert W. Baird lifted their target price on shares of Wolverine World Wide from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, Piper Sandler reissued an “overweight” rating and set a $18.00 price target on shares of Wolverine World Wide in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Hedge Funds Weigh In On Wolverine World Wide

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Landscape Capital Management L.L.C. acquired a new stake in Wolverine World Wide in the 3rd quarter valued at about $3,034,000. Intech Investment Management LLC grew its position in shares of Wolverine World Wide by 5.0% in the third quarter. Intech Investment Management LLC now owns 39,412 shares of the textile maker’s stock valued at $687,000 after purchasing an additional 1,866 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Wolverine World Wide in the third quarter valued at approximately $10,974,000. Natixis Advisors LLC lifted its position in Wolverine World Wide by 20.5% during the third quarter. Natixis Advisors LLC now owns 27,573 shares of the textile maker’s stock worth $480,000 after buying an additional 4,694 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Wolverine World Wide by 5.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 145,860 shares of the textile maker’s stock worth $2,541,000 after buying an additional 7,577 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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.