Wolverine World Wide, Inc. (NYSE:WWW) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.00.

Several equities analysts recently issued reports on WWW shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $15.00 price objective on shares of Wolverine World Wide in a research report on Thursday, November 7th. Piper Sandler reiterated an "overweight" rating and issued a $18.00 price objective on shares of Wolverine World Wide in a research report on Friday, August 23rd. Argus upgraded Wolverine World Wide to a "hold" rating in a research report on Friday, August 16th. Finally, BNP Paribas upgraded 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 related news, insider David A. Latchana sold 7,706 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $17.02, for a total value of $131,156.12. Following the completion of the transaction, the insider now directly owns 13,889 shares of the company's stock, valued at approximately $236,390.78. This trade represents a 35.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amy M. Klimek sold 24,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.07, for a total transaction of $529,680.00. Following the completion of the transaction, the insider now directly owns 20,238 shares of the company's stock, valued at $446,652.66. This represents a 54.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,920 shares of company stock valued at $866,240 in the last quarter. 2.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wolverine World Wide

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in Wolverine World Wide by 10,607.4% during the 2nd quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker's stock valued at $7,306,000 after purchasing an additional 535,355 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Wolverine World Wide during the 2nd quarter valued at $548,000. US Bancorp DE lifted its holdings in Wolverine World Wide by 487.8% during the 3rd quarter. US Bancorp DE now owns 36,776 shares of the textile maker's stock valued at $641,000 after purchasing an additional 30,519 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Wolverine World Wide during the 3rd quarter valued at $3,034,000. Finally, Panagora Asset Management Inc. acquired a new stake in Wolverine World Wide during the 2nd quarter valued at $3,979,000. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Price Performance

Shares of WWW stock traded up $0.01 on Friday, reaching $22.99. The company had a trading volume of 677,197 shares, compared to its average volume of 1,224,361. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. The company has a 50-day moving average of $19.18 and a 200-day moving average of $15.56. Wolverine World Wide has a 12 month low of $7.58 and a 12 month high of $24.16.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide's dividend payout ratio (DPR) 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.