Today, a Director at Wolverine World Wide (NYSE: WWW), William K. Gerber, bought shares of WWW for $37.17K.
Following William K. Gerber’s last WWW Buy transaction on February 27, 2018, the stock climbed by 7.5%. Following this transaction William K. Gerber’s holding in the company was increased by 8.04% to a total of $504K.
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WWW’s market cap is $3.56B and the company has a P/E ratio of 56.62. Currently, Wolverine World Wide has an average volume of 833.5K.
12 different firms, including Argus Research and C.L. King, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $40.57, reflecting a -5.4% downside.
The insider sentiment on Wolverine World Wide has been negative according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
William K. Gerber’s trades have generated a -13.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Wolverine World Wide, Inc. engages in the designing, manufacturing, licensing and marketing of branded casual, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel. It operates through the following segments: Wolverine Outdoor & Lifestyle Group; Wolverine Boston Group; Wolverine Heritage Group; and Wolverine Multi-Brand Group. The Wolverine Outdoor & Lifestyle Group segment brands include Merrell, Cat, Hush Puppies, and Chaco. The Wolverine Boston Group segment brands include Sperry, Saucony, and Keds. The Wolverine Heritage Group segment brands include Wolverine, Bates, Harley-Davidson, and HyTest. The Wolverine Multi-Brand Group segment brands include Stride Rite and its multi-brand consumer-direct businesses. The company was founded by G. A. Krause in 1883 and is headquartered in Rockford, MI.
