Wolverine World Wide, Inc. (NYSE:WWW) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 20.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,573 shares of the textile maker’s stock after purchasing an additional 4,694 shares during the quarter. Natixis Advisors LLC’s holdings in Wolverine World Wide were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of WWW. Earnest Partners LLC boosted its holdings in Wolverine World Wide by 1.7% during the 2nd quarter. Earnest Partners LLC now owns 5,321,797 shares of the textile maker’s stock valued at $71,951,000 after acquiring an additional 90,407 shares during the period. Pacer Advisors Inc. purchased a new position in Wolverine World Wide during the 2nd quarter valued at about $64,295,000. Bank of New York Mellon Corp boosted its holdings in Wolverine World Wide by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 994,443 shares of the textile maker’s stock valued at $13,445,000 after acquiring an additional 60,481 shares during the period. Federated Hermes Inc. boosted its holdings in Wolverine World Wide by 10,607.4% during the 2nd quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker’s stock valued at $7,306,000 after acquiring an additional 535,355 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Wolverine World Wide in the 2nd quarter valued at about $7,098,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wolverine World Wide Trading Up 0.7 %

Shares of WWW stock opened at $23.17 on Friday. The business’s 50 day moving average is $18.33 and its two-hundred day moving average is $15.16. Wolverine World Wide, Inc. has a twelve month low of $7.58 and a twelve month high of $24.09. The company has a market capitalization of $1.86 billion, a P/E ratio of -26.03 and a beta of 1.78. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91.

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 $0.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 1.73%. Wolverine World Wide’s dividend payout ratio (DPR) is currently -44.94%.

Insider Buying and Selling at Wolverine World Wide

In other Wolverine World Wide news, insider David A. Latchana sold 7,706 shares of Wolverine World Wide stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $17.02, for a total value of $131,156.12. Following the transaction, the insider now directly owns 13,889 shares in the company, valued at approximately $236,390.78. This trade represents a 35.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Amy M. Klimek sold 10,214 shares of Wolverine World Wide stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $20.11, for a total value of $205,403.54. Following the completion of the sale, the insider now owns 19,093 shares in the company, valued at approximately $383,960.23. This trade represents a 34.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,920 shares of company stock worth $866,240. 2.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WWW has been the subject of several recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $18.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 23rd. Argus raised Wolverine World Wide to a “hold” rating in a research report on Friday, August 16th. Telsey Advisory Group reissued a “market perform” rating and set a $15.00 target price on shares of Wolverine World Wide in a research report on Thursday, November 7th. KeyCorp raised Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Thursday, August 8th. Finally, Robert W. Baird raised their target price on 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 analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Wolverine World Wide presently has an average rating of “Moderate Buy” and an average target price of $18.00.

About Wolverine World Wide

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.