State Street Corp Buys 16,228 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

State Street Corp lifted its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,065,736 shares of the textile maker’s stock after acquiring an additional 16,228 shares during the quarter. State Street Corp’s holdings in Wolverine World Wide were worth $53,405,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in WWW. RBF Capital LLC bought a new stake in Wolverine World Wide during the third quarter worth approximately $197,000. Jacobs Levy Equity Management Inc. lifted its position in Wolverine World Wide by 51.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock worth $17,324,000 after acquiring an additional 335,669 shares during the last quarter. HighTower Advisors LLC bought a new stake in Wolverine World Wide during the 3rd quarter valued at approximately $192,000. Captrust Financial Advisors increased its position in Wolverine World Wide by 21.3% in the 3rd quarter. Captrust Financial Advisors now owns 25,167 shares of the textile maker’s stock worth $438,000 after buying an additional 4,413 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Wolverine World Wide by 4.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,108 shares of the textile maker’s stock worth $3,207,000 after buying an additional 8,187 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Stock Performance

Wolverine World Wide stock opened at $22.05 on Thursday. Wolverine World Wide, Inc. has a 52-week low of $7.58 and a 52-week high of $24.64. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. The stock has a fifty day moving average price of $20.13 and a two-hundred day moving average price of $16.12. The firm has a market capitalization of $1.77 billion, a P/E ratio of -24.78 and a beta of 1.89.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be given a $0.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.81%. Wolverine World Wide’s dividend payout ratio (DPR) is presently -44.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WWW shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $15.00 target price on shares of Wolverine World Wide in a research report on Thursday, November 7th. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price objective for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. StockNews.com raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $18.00 price target on shares of Wolverine World Wide in a report on Friday, August 23rd. Finally, BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Wolverine World Wide presently has an average rating of “Moderate Buy” and an average target price of $19.38.

Insider Buying and Selling at Wolverine World Wide

In other Wolverine World Wide news, insider David A. Latchana sold 7,706 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $17.02, for a total transaction of $131,156.12. Following the sale, the insider now owns 13,889 shares of the company’s stock, valued at $236,390.78. This represents a 35.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amy M. Klimek sold 24,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.07, for a total transaction of $529,680.00. Following the completion of the transaction, the insider now directly owns 20,238 shares of the company’s stock, valued at approximately $446,652.66. This represents a 54.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,920 shares of company stock worth $866,240 over the last ninety days. Corporate insiders own 2.28% 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.