Analysts Set Wolverine World Wide, Inc. (NYSE:WWW) Target Price at $19.38

Shares of Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to 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 topic of a number of recent research reports. Telsey Advisory Group reissued 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. Stifel Nicolaus raised Wolverine World Wide from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. 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. Finally, StockNews.com raised Wolverine World Wide from a "hold" rating to a "buy" rating in a research report on Wednesday.

Wolverine World Wide Stock Performance

Shares of NYSE WWW traded up $0.60 during trading hours on Friday, hitting $23.10. 1,066,802 shares of the company's stock were exchanged, compared to its average volume of 961,737. The company's 50-day moving average price is $22.89 and its 200-day moving average price is $17.91. Wolverine World Wide has a 1-year low of $8.05 and a 1-year high of $24.64. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -25.96 and a beta of 1.88. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77.

Wolverine World Wide Dividend Announcement

The company 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 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 is currently -44.94%.

Insiders Place Their Bets

In related news, insider Isabel Soriano sold 7,687 shares of Wolverine World Wide 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 directly owns 34,206 shares of the company's stock, valued at $806,235.42. The trade was a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Amy M. Klimek sold 24,000 shares of the 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 in the company, valued at approximately $446,652.66. This represents a 54.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,901 shares of company stock valued at $916,266. 2.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pacer Advisors Inc. bought a new position in shares of Wolverine World Wide in the 4th quarter valued at about $64,943,000. JPMorgan Chase & Co. boosted its stake in Wolverine World Wide by 1,263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker's stock valued at $24,857,000 after acquiring an additional 1,322,254 shares during the last quarter. Jennison Associates LLC acquired a new stake in Wolverine World Wide during the 3rd quarter worth $10,974,000. Jacobs Levy Equity Management Inc. grew its holdings in Wolverine World Wide by 51.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker's stock worth $17,324,000 after acquiring an additional 335,669 shares during the period. Finally, Barclays PLC raised its position in shares of Wolverine World Wide by 767.1% during the 3rd quarter. Barclays PLC now owns 250,830 shares of the textile maker's stock valued at $4,368,000 after acquiring an additional 221,904 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company's stock.

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.