Wolverine World Wide, Inc. (NYSE:WWW) Director Joseph R. Gromek sold 18,928 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $29.14, for a total value of $551,561.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Wolverine World Wide, Inc. (NYSE:WWW) traded up $0.35 during midday trading on Monday, reaching $29.21. The company’s stock had a trading volume of 732,708 shares, compared to its average volume of 780,476. Wolverine World Wide, Inc. has a fifty-two week low of $20.94 and a fifty-two week high of $29.63. 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 cap of $2,760.00, a P/E ratio of 18.50, a P/E/G ratio of 1.41 and a beta of 0.96.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Wednesday, November 8th. The textile maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. The business had revenue of $581.30 million during the quarter, compared to the consensus estimate of $552.36 million. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. equities research analysts predict that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.24 annualized dividend and a yield of 0.82%. Wolverine World Wide’s dividend payout ratio is currently 40.00%.

A number of hedge funds and other institutional investors have recently modified their holdings of WWW. Systematic Financial Management LP bought a new position in Wolverine World Wide in the 2nd quarter worth about $27,385,000. Prudential Financial Inc. raised its holdings in shares of Wolverine World Wide by 129.1% in the 2nd quarter. Prudential Financial Inc. now owns 1,154,622 shares of the textile maker’s stock valued at $32,341,000 after acquiring an additional 650,710 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Wolverine World Wide by 568.4% in the 3rd quarter. Citadel Advisors LLC now owns 639,185 shares of the textile maker’s stock valued at $18,440,000 after acquiring an additional 543,559 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Wolverine World Wide by 22.1% in the 3rd quarter. Victory Capital Management Inc. now owns 2,903,558 shares of the textile maker’s stock valued at $83,768,000 after acquiring an additional 525,150 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in shares of Wolverine World Wide by 180.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 808,859 shares of the textile maker’s stock valued at $22,648,000 after acquiring an additional 520,754 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Several research firms have recently weighed in on WWW. Piper Jaffray Companies set a $25.00 price target on Wolverine World Wide and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Buckingham Research increased their price target on Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th. ValuEngine upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Saturday, August 12th. Finally, Telsey Advisory Group increased their price target on Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Wolverine World Wide presently has an average rating of “Hold” and an average target price of $25.65.

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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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