Wolverine World Wide (NYSE:WWW) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Wolverine World Wide (NYSE:WWW) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $23.00 price objective on the textile maker’s stock.

A number of other brokerages have also commented on WWW. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Wolverine World Wide presently has an average rating of “Moderate Buy” and an average price target of $20.38.

Wolverine World Wide Stock Performance

NYSE:WWW opened at $18.39 on Wednesday. Wolverine World Wide has a twelve month low of $8.25 and a twelve month high of $24.64. 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 firm’s fifty day simple moving average is $22.67 and its 200 day simple moving average is $18.68.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s payout ratio is currently -44.94%.

Insider Transactions at Wolverine World Wide

In related news, insider Isabel Soriano sold 7,687 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the sale, the insider now owns 34,206 shares of the company’s stock, valued at $806,235.42. This represents a 18.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.28% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in shares of Wolverine World Wide during the 4th quarter valued at about $25,000. Signaturefd LLC grew its position in shares of Wolverine World Wide by 88.8% during the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock valued at $32,000 after buying an additional 682 shares during the last quarter. KBC Group NV grew its position in shares of Wolverine World Wide by 43.8% during the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock valued at $96,000 after buying an additional 1,311 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Wolverine World Wide by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock valued at $78,000 after buying an additional 616 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Wolverine World Wide by 375.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,552 shares of the textile maker’s stock valued at $122,000 after buying an additional 4,384 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

About Wolverine World Wide

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.