Thrivent Financial for Lutherans Sells 3,521 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Thrivent Financial for Lutherans cut its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,981 shares of the textile maker’s stock after selling 3,521 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Wolverine World Wide worth $1,097,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WWW. Natixis Advisors LLC increased its stake in shares of Wolverine World Wide by 20.5% in the 3rd quarter. Natixis Advisors LLC now owns 27,573 shares of the textile maker’s stock valued at $480,000 after acquiring an additional 4,694 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Wolverine World Wide by 5.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 145,860 shares of the textile maker’s stock valued at $2,541,000 after purchasing an additional 7,577 shares during the period. Aigen Investment Management LP bought a new stake in Wolverine World Wide in the third quarter valued at approximately $195,000. GSA Capital Partners LLP raised its holdings in Wolverine World Wide by 33.9% in the third quarter. GSA Capital Partners LLP now owns 96,615 shares of the textile maker’s stock worth $1,683,000 after purchasing an additional 24,477 shares during the period. Finally, US Bancorp DE boosted its position in shares of Wolverine World Wide by 487.8% during the third quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock worth $641,000 after purchasing an additional 30,519 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

Shares of WWW opened at $23.19 on Monday. The company has a 50 day moving average of $18.48 and a 200-day moving average of $15.24. 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 stock has a market capitalization of $1.86 billion, a P/E ratio of -26.06 and a beta of 1.78. Wolverine World Wide, Inc. has a twelve month low of $7.58 and a twelve month high of $24.09.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.40 annualized dividend and a yield of 1.72%. Wolverine World Wide’s payout ratio is presently -44.94%.

Insider Activity at Wolverine World Wide

In other news, insider David A. Latchana sold 7,706 shares of Wolverine World Wide stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $17.02, for a total value of $131,156.12. Following the completion of the transaction, the insider now owns 13,889 shares of the company’s stock, valued at $236,390.78. This trade represents a 35.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Amy M. Klimek sold 10,214 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $20.11, for a total transaction of $205,403.54. Following the transaction, the insider now owns 19,093 shares in the company, valued at $383,960.23. This represents a 34.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,920 shares of company stock valued at $866,240. Insiders own 2.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on WWW. KeyCorp raised Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Thursday, August 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $15.00 price objective on shares of Wolverine World Wide in a report on Thursday, November 7th. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Thursday, October 3rd. Argus raised shares of Wolverine World Wide to a “hold” rating in a research note on Friday, August 16th. Finally, Robert W. Baird increased their price objective 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Wolverine World Wide presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Wolverine World Wide 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.