Nisa Investment Advisors LLC Trims Position in Wolverine World Wide, Inc. (NYSE:WWW)

Nisa Investment Advisors LLC reduced its position in Wolverine World Wide, Inc. (NYSE:WWW) by 12.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,192 shares of the textile maker’s stock after selling 5,241 shares during the period. Nisa Investment Advisors LLC’s holdings in Wolverine World Wide were worth $803,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WWW. JPMorgan Chase & Co. grew its position in shares of Wolverine World Wide by 1,263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock valued at $24,857,000 after purchasing an additional 1,322,254 shares during the period. Jennison Associates LLC acquired a new stake in Wolverine World Wide in the 3rd quarter worth about $10,974,000. Jacobs Levy Equity Management Inc. grew its holdings in Wolverine World Wide by 51.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock valued at $17,324,000 after buying an additional 335,669 shares during the period. Barclays PLC increased its stake in shares of Wolverine World Wide by 767.1% during the 3rd quarter. Barclays PLC now owns 250,830 shares of the textile maker’s stock valued at $4,368,000 after acquiring an additional 221,904 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Wolverine World Wide during the 3rd quarter worth about $3,034,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $15.00 price target on shares of Wolverine World Wide in a research note on Thursday, November 7th. StockNews.com raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price target for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Finally, BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.38.

Insider Activity at Wolverine World Wide

In other news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the sale, the insider now owns 34,206 shares of the company’s stock, valued at approximately $806,235.42. This trade represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,901 shares of company stock valued at $916,266. Corporate insiders own 2.28% of the company’s stock.

Wolverine World Wide Stock Up 0.7 %

Shares of NYSE:WWW opened at $23.38 on Wednesday. The company has a 50 day moving average of $22.91 and a two-hundred day moving average of $18.03. Wolverine World Wide, Inc. has a 52-week low of $8.05 and a 52-week high of $24.64. 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 capitalization of $1.87 billion, a price-to-earnings ratio of -26.26 and a beta of 1.88.

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.