William K. Gerber Sells 1,000 Shares of Wolverine World Wide, Inc. (WWW) Stock

Wolverine World Wide, Inc. (NYSE:WWW) Director William K. Gerber sold 1,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $37.17, for a total transaction of $37,170.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NYSE:WWW traded up $0.89 during trading hours on Tuesday, reaching $38.39. 833,500 shares of the company were exchanged, compared to its average volume of 738,387. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.86 and a current ratio of 2.65. The stock has a market capitalization of $3.57 billion, a PE ratio of 22.80, a P/E/G ratio of 1.76 and a beta of 0.98. Wolverine World Wide, Inc. has a twelve month low of $25.25 and a twelve month high of $38.52.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, August 8th. The textile maker reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.08. The company had revenue of $566.90 million during the quarter, compared to analysts’ expectations of $569.24 million. Wolverine World Wide had a net margin of 2.83% and a return on equity of 18.58%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. research analysts forecast that Wolverine World Wide, Inc. will post 2.13 earnings per share for the current year.



The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Monday, October 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, September 28th. Wolverine World Wide’s dividend payout ratio is presently 19.51%.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday. Robert W. Baird reiterated a “buy” rating and issued a $43.00 target price on shares of Wolverine World Wide in a research note on Friday. DA Davidson set a $44.00 target price on shares of Wolverine World Wide and gave the company a “buy” rating in a research note on Thursday, August 9th. Pivotal Research set a $37.00 target price on shares of Wolverine World Wide and gave the company a “hold” rating in a research note on Thursday, August 9th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $35.00 target price on shares of Wolverine World Wide in a research note on Thursday, August 9th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $37.27.

A number of large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC raised its position in Wolverine World Wide by 7.4% during the second quarter. Piedmont Investment Advisors LLC now owns 22,040 shares of the textile maker’s stock worth $766,000 after acquiring an additional 1,519 shares during the period. Aperio Group LLC raised its position in shares of Wolverine World Wide by 3.1% in the second quarter. Aperio Group LLC now owns 51,552 shares of the textile maker’s stock valued at $1,792,000 after buying an additional 1,551 shares during the last quarter. Amalgamated Bank raised its position in shares of Wolverine World Wide by 12.5% in the second quarter. Amalgamated Bank now owns 15,082 shares of the textile maker’s stock valued at $524,000 after buying an additional 1,672 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Wolverine World Wide by 7.0% in the first quarter. Mason Street Advisors LLC now owns 26,634 shares of the textile maker’s stock valued at $770,000 after buying an additional 1,748 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Wolverine World Wide by 4.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 38,350 shares of the textile maker’s stock valued at $1,108,000 after buying an additional 1,770 shares during the last quarter. Institutional investors own 94.99% 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. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.

Featured Article: Stock Symbols and CUSIP Explained

Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply