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

Shares of Wolverine World Wide, Inc. (NYSE:WWW) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.38.

Several research analysts recently weighed in on WWW shares. Telsey Advisory Group reissued 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. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price target for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Finally, BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Thursday, October 3rd.

Insiders Place Their Bets

In other news, insider Amy M. Klimek sold 24,000 shares of Wolverine World Wide stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.07, for a total transaction of $529,680.00. Following the sale, the insider now directly owns 20,238 shares of the company’s stock, valued at approximately $446,652.66. The trade was a 54.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wolverine World Wide

Several hedge funds and other institutional investors have recently bought and sold shares of WWW. Future Financial Wealth Managment LLC acquired a new stake in shares of Wolverine World Wide during the third quarter worth approximately $35,000. Canada Pension Plan Investment Board acquired a new position in Wolverine World Wide during the 2nd quarter worth $68,000. Cedar Mountain Advisors LLC bought a new stake in shares of Wolverine World Wide in the 3rd quarter worth about $70,000. GAMMA Investing LLC raised its stake in shares of Wolverine World Wide by 15.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 616 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Wolverine World Wide during the third quarter worth about $113,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wolverine World Wide Stock Down 0.9 %

Wolverine World Wide stock opened at $22.41 on Wednesday. Wolverine World Wide has a fifty-two week low of $7.58 and a fifty-two week high of $24.64. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -25.18 and a beta of 1.88. The stock’s fifty day moving average is $21.64 and its two-hundred day moving average is $16.89. 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 Announces Dividend

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. The ex-dividend date is Thursday, January 2nd. This represents a $0.40 annualized dividend and a yield of 1.78%. Wolverine World Wide’s dividend payout ratio is currently -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.