Wolverine World Wide, Inc. (NYSE:WWW) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 31.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,586 shares of the textile maker’s stock after buying an additional 9,927 shares during the period. BNP Paribas Financial Markets’ holdings in Wolverine World Wide were worth $724,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Wolverine World Wide during the 2nd quarter valued at approximately $548,000. Nisa Investment Advisors LLC grew its position in shares of Wolverine World Wide by 41.1% during the second quarter. Nisa Investment Advisors LLC now owns 41,391 shares of the textile maker’s stock worth $560,000 after acquiring an additional 12,061 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Wolverine World Wide by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 40,200 shares of the textile maker’s stock worth $544,000 after acquiring an additional 800 shares during the period. Bank of New York Mellon Corp lifted its position in Wolverine World Wide by 6.5% in 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 purchasing an additional 60,481 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in Wolverine World Wide during the 2nd quarter valued at about $3,979,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Trading Down 2.4 %

Shares of WWW stock opened at $23.68 on Friday. 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 50-day simple moving average of $19.65 and a 200 day simple moving average of $15.84. Wolverine World Wide, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $24.64. The stock has a market capitalization of $1.90 billion, a P/E ratio of -26.61 and a beta of 1.89.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders 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 1.69%. Wolverine World Wide’s dividend payout ratio is currently -44.94%.

Insider Buying and Selling

In other Wolverine World Wide news, insider Amy M. Klimek sold 24,000 shares of Wolverine World Wide stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.07, for a total value of $529,680.00. Following the transaction, the insider now owns 20,238 shares in the company, valued at approximately $446,652.66. The trade was a 54.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Latchana sold 7,706 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $17.02, for a total value of $131,156.12. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 41,920 shares of company stock worth $866,240 in the last ninety days. 2.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price target for the company from $21.00 to $29.00 in a report on Wednesday. Argus upgraded Wolverine World Wide to a “hold” rating in a research report on Friday, August 16th. Piper Sandler reiterated an “overweight” rating and set a $18.00 price target on shares of Wolverine World Wide in a research report on Friday, August 23rd. BNP Paribas raised 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. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $15.00 price objective on shares of Wolverine World Wide in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.