Barclays PLC Raises Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Barclays PLC boosted its position in Wolverine World Wide, Inc. (NYSE:WWW) by 767.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,830 shares of the textile maker’s stock after purchasing an additional 221,904 shares during the quarter. Barclays PLC owned approximately 0.31% of Wolverine World Wide worth $4,368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in shares of Wolverine World Wide in the 3rd quarter worth about $35,000. Cedar Mountain Advisors LLC bought a new position in shares of Wolverine World Wide during the third quarter valued at approximately $70,000. GAMMA Investing LLC increased its stake in shares of Wolverine World Wide by 15.9% during the third quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 616 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Wolverine World Wide in the 2nd quarter worth approximately $68,000. Finally, CWM LLC grew its stake in shares of Wolverine World Wide by 237.0% in the 3rd quarter. CWM LLC now owns 8,843 shares of the textile maker’s stock worth $154,000 after buying an additional 6,219 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Up 2.7 %

Shares of Wolverine World Wide stock opened at $23.06 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. Wolverine World Wide, Inc. has a twelve month low of $7.58 and a twelve month high of $24.64. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -25.91 and a beta of 1.89. The company’s 50 day moving average is $20.38 and its 200 day moving average is $16.25.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be paid a $0.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. Wolverine World Wide’s dividend payout ratio (DPR) is currently -44.94%.

Analyst Upgrades and Downgrades

WWW has been the subject of a number of recent research reports. BNP Paribas upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Thursday, October 3rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $15.00 price target on shares of Wolverine World Wide in a research note on Thursday, November 7th. StockNews.com raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.38.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, 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 sale, the insider now directly owns 20,238 shares in the company, valued at $446,652.66. The trade was a 54.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Latchana sold 7,706 shares of the company’s 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 directly owns 13,889 shares of the company’s stock, valued at $236,390.78. The trade was a 35.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,920 shares of company stock worth $866,240 in the last ninety days. Insiders own 2.28% 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 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.