Wolverine World Wide, Inc. (NYSE:WWW) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 42.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,504 shares of the textile maker’s stock after acquiring an additional 1,343 shares during the quarter. GAMMA Investing LLC’s holdings in Wolverine World Wide were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WWW. Swiss National Bank raised its position in shares of Wolverine World Wide by 1.0% during the 3rd quarter. Swiss National Bank now owns 174,600 shares of the textile maker’s stock worth $1,407,000 after purchasing an additional 1,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Wolverine World Wide by 15.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,873 shares of the textile maker’s stock worth $159,000 after acquiring an additional 2,390 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Wolverine World Wide by 24.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 25,730 shares of the textile maker’s stock valued at $229,000 after acquiring an additional 5,079 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Wolverine World Wide by 40.1% during the fourth quarter. Victory Capital Management Inc. now owns 21,623 shares of the textile maker’s stock valued at $192,000 after acquiring an additional 6,189 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Wolverine World Wide during the 3rd quarter worth about $93,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Insider Transactions at Wolverine World Wide

In related news, insider Isabel Soriano sold 3,201 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $13.89, for a total transaction of $44,461.89. Following the sale, the insider now directly owns 26,519 shares in the company, valued at approximately $368,348.91. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.28% of the company’s stock.

Wall Street Analyst Weigh In

WWW has been the topic of a number of recent research reports. Williams Trading upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and upped their target price for the company from $11.00 to $16.00 in a report on Thursday, May 9th. Seaport Res Ptn upgraded shares of Wolverine World Wide from a “neutral” rating to a “buy” rating in a research report on Monday, May 6th. UBS Group lifted their target price on shares of Wolverine World Wide from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Robert W. Baird increased their price target on Wolverine World Wide from $9.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, May 8th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.67.

Wolverine World Wide Stock Performance

WWW stock opened at $13.96 on Tuesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.13 and a quick ratio of 0.65. The stock has a 50-day moving average price of $12.45 and a two-hundred day moving average price of $10.42. Wolverine World Wide, Inc. has a 12-month low of $7.21 and a 12-month high of $15.09.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, May 8th. The textile maker reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $394.90 million during the quarter, compared to the consensus estimate of $360.31 million. Wolverine World Wide had a negative net margin of 3.59% and a positive return on equity of 0.53%. Sell-side analysts expect that Wolverine World Wide, Inc. will post 0.8 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Monday, July 1st. Wolverine World Wide’s dividend payout ratio is presently -43.01%.

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.