Wolverine World Wide, Inc. (NYSE:WWW) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,791,789 shares of the textile maker’s stock after acquiring an additional 17,400 shares during the quarter. Geode Capital Management LLC owned about 2.24% of Wolverine World Wide worth $31,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of Wolverine World Wide in the 3rd quarter worth approximately $35,000. Canada Pension Plan Investment Board acquired a new position in Wolverine World Wide in the second quarter worth approximately $68,000. Cedar Mountain Advisors LLC bought a new position in shares of Wolverine World Wide in the third quarter valued at $70,000. GAMMA Investing LLC lifted its position in shares of Wolverine World Wide by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 616 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Wolverine World Wide during the 2nd quarter worth $146,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Amy M. Klimek sold 24,000 shares of Wolverine World Wide stock in a transaction on 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 owns 20,238 shares of the company’s stock, valued at approximately $446,652.66. This trade represents a 54.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.28% of the stock is currently owned by corporate insiders.

Wolverine World Wide Stock Performance

WWW stock opened at $22.94 on Thursday. The firm has a 50 day simple moving average of $20.63 and a 200 day simple moving average of $16.41. Wolverine World Wide, Inc. has a 52 week low of $7.58 and a 52 week high of $24.64. The stock has a market cap of $1.84 billion, a P/E ratio of -25.78 and a beta of 1.89. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23.

Wolverine World Wide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd 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 1.74%. The ex-dividend date of this dividend is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio (DPR) is currently -44.94%.

Analysts Set New Price Targets

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

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.