Wolverine World Wide (NYSE:WWW) Trading Down 5.3% – Should You Sell?

Wolverine World Wide, Inc. (NYSE:WWW) shares traded down 5.3% on Wednesday . The company traded as low as $19.33 and last traded at $19.41. 142,623 shares changed hands during trading, a decline of 86% from the average session volume of 1,045,343 shares. The stock had previously closed at $20.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WWW shares. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the company from $21.00 to $29.00 in a report on Wednesday, December 11th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 target price on shares of Wolverine World Wide in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Wolverine World Wide has a consensus rating of “Moderate Buy” and an average price target of $20.38.

Wolverine World Wide Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. The company has a fifty day simple moving average of $22.56 and a 200-day simple moving average of $18.67.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.12%. Wolverine World Wide’s dividend payout ratio (DPR) is presently -44.94%.

Insiders Place Their Bets

In related news, insider Isabel Soriano sold 7,687 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 owns 34,206 shares of the company’s stock, valued at approximately $806,235.42. This represents a 18.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wolverine World Wide

A number of institutional investors and hedge funds have recently bought and sold shares of WWW. SBI Securities Co. Ltd. purchased a new stake in shares of Wolverine World Wide during the fourth quarter worth about $25,000. Signaturefd LLC lifted its holdings in Wolverine World Wide by 88.8% in the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock worth $32,000 after purchasing an additional 682 shares in the last quarter. Natixis bought a new position in Wolverine World Wide in the 4th quarter worth approximately $41,000. KBC Group NV boosted its stake in Wolverine World Wide by 43.8% in the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,311 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Wolverine World Wide by 12.5% during the 4th quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock valued at $112,000 after buying an additional 563 shares in the last quarter. 90.25% of the stock is owned by institutional investors.

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.