Geode Capital Management LLC Acquires 17,400 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Geode Capital Management LLC grew its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,791,789 shares of the textile maker’s stock after purchasing an additional 17,400 shares during the quarter. Geode Capital Management LLC’s holdings in Wolverine World Wide were worth $31,219,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WWW. Federated Hermes Inc. lifted its stake in shares of Wolverine World Wide by 10,607.4% in the 2nd quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker’s stock valued at $7,306,000 after purchasing an additional 535,355 shares during the last quarter. US Bancorp DE lifted its position in shares of Wolverine World Wide by 487.8% in the third quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock worth $641,000 after buying an additional 30,519 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Wolverine World Wide during the 3rd quarter worth about $3,034,000. Panagora Asset Management Inc. acquired a new position in shares of Wolverine World Wide during the 2nd quarter valued at about $3,979,000. Finally, XTX Topco Ltd raised its stake in shares of Wolverine World Wide by 338.6% in the 3rd quarter. XTX Topco Ltd now owns 47,346 shares of the textile maker’s stock valued at $825,000 after acquiring an additional 36,551 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Stock Up 1.0 %

WWW stock opened at $22.94 on Thursday. The business’s 50-day simple moving average is $20.63 and its 200 day simple moving average is $16.41. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The company has a market cap of $1.84 billion, a PE ratio of -25.78 and a beta of 1.89. Wolverine World Wide, Inc. has a twelve month low of $7.58 and a twelve month high of $24.64.

Wolverine World Wide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio is presently -44.94%.

Insider Activity at Wolverine World Wide

In other Wolverine World Wide news, insider Amy M. Klimek sold 10,214 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.11, for a total value of $205,403.54. Following the sale, the insider now owns 19,093 shares of the company’s stock, valued at $383,960.23. The trade was a 34.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WWW has been the topic of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $15.00 price target on shares of Wolverine World Wide in a report on Thursday, November 7th. StockNews.com upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. BNP Paribas raised shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price target for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Moderate Buy” and an average price target of $19.38.

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.