SG Americas Securities LLC Has $426,000 Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

SG Americas Securities LLC lessened its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 39.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,479 shares of the textile maker’s stock after selling 16,046 shares during the quarter. SG Americas Securities LLC’s holdings in Wolverine World Wide were worth $426,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new position in Wolverine World Wide in the 2nd quarter valued at approximately $160,000. The Manufacturers Life Insurance Company increased its stake in Wolverine World Wide by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,512 shares of the textile maker’s stock valued at $413,000 after buying an additional 2,138 shares during the period. Earnest Partners LLC increased its stake in Wolverine World Wide by 1.7% in the 2nd quarter. Earnest Partners LLC now owns 5,321,797 shares of the textile maker’s stock valued at $71,951,000 after buying an additional 90,407 shares during the period. Caxton Associates LP acquired a new position in Wolverine World Wide in the 2nd quarter valued at approximately $261,000. Finally, Aristeia Capital L.L.C. bought a new stake in Wolverine World Wide in the second quarter worth approximately $288,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on WWW shares. Piper Sandler reissued an “overweight” rating and issued a $18.00 target price on shares of Wolverine World Wide in a research report on Friday, August 23rd. Robert W. Baird boosted their target price on shares of Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. KeyCorp raised shares of Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Thursday, August 8th. 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, Argus raised shares of Wolverine World Wide to a “hold” rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.86.

Insider Activity at Wolverine World Wide

In related news, insider David A. Latchana sold 7,706 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $17.02, for a total transaction of $131,156.12. Following the completion of the transaction, the insider now directly owns 13,889 shares in the company, valued at $236,390.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.28% of the company’s stock.

Wolverine World Wide Price Performance

NYSE WWW opened at $16.96 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 2.14. The company has a fifty day simple moving average of $14.83 and a 200 day simple moving average of $13.31. The company has a market cap of $1.36 billion, a P/E ratio of -18.23 and a beta of 1.77. Wolverine World Wide, Inc. has a 1 year low of $7.52 and a 1 year high of $18.51.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. The business had revenue of $425.40 million during the quarter, compared to the consensus estimate of $411.20 million. Wolverine World Wide had a negative net margin of 4.42% and a negative return on equity of 0.34%. Wolverine World Wide’s quarterly revenue was down 27.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. On average, sell-side analysts predict that Wolverine World Wide, Inc. will post 0.85 EPS for the current year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, October 1st. Wolverine World Wide’s payout ratio is currently -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.