Wolverine World Wide, Inc. (NYSE:WWW) insider Michael Jeppesen sold 11,807 shares of Wolverine World Wide stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total transaction of $330,241.79. The sale was disclosed in a document filed with the SEC, which is available at this link.
Wolverine World Wide, Inc. (NYSE WWW) traded up $0.21 during midday trading on Thursday, hitting $27.98. 619,127 shares of the stock traded hands, compared to its average volume of 785,051. Wolverine World Wide, Inc. has a one year low of $20.94 and a one year high of $29.62. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $2,680.00, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.37 and a beta of 0.94.
Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The company had revenue of $581.30 million for the quarter, compared to analyst estimates of $552.36 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. equities research analysts expect that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 29th. Wolverine World Wide’s dividend payout ratio (DPR) is currently 40.00%.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its holdings in Wolverine World Wide by 5.0% during the 3rd quarter. California Public Employees Retirement System now owns 201,270 shares of the textile maker’s stock worth $5,807,000 after acquiring an additional 9,570 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Wolverine World Wide by 8.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 24,832 shares of the textile maker’s stock valued at $716,000 after purchasing an additional 1,873 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Wolverine World Wide in the 3rd quarter valued at $408,000. PEAK6 Investments L.P. boosted its stake in shares of Wolverine World Wide by 396.4% in the 3rd quarter. PEAK6 Investments L.P. now owns 13,189 shares of the textile maker’s stock valued at $381,000 after purchasing an additional 10,532 shares in the last quarter. Finally, Invictus RG boosted its stake in shares of Wolverine World Wide by 82.8% in the 3rd quarter. Invictus RG now owns 21,601 shares of the textile maker’s stock valued at $623,000 after purchasing an additional 9,782 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on the stock. TheStreet cut shares of Wolverine World Wide from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. Buckingham Research boosted their price target on shares of Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th. Telsey Advisory Group boosted their price target on shares of Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, November 9th. Piper Jaffray Companies restated a “hold” rating and set a $26.00 price target on shares of Wolverine World Wide in a report on Wednesday, November 8th. Finally, Pivotal Research upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price target for the stock from $32.00 to $33.00 in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Wolverine World Wide presently has a consensus rating of “Hold” and an average target price of $25.65.
About Wolverine World Wide
Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.
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