HighTower Advisors LLC bought a new position in Wolverine World Wide, Inc. (NYSE:WWW – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,952 shares of the textile maker’s stock, valued at approximately $192,000.
Other large investors have also bought and sold shares of the company. Captrust Financial Advisors lifted its position in Wolverine World Wide by 21.3% during the 3rd quarter. Captrust Financial Advisors now owns 25,167 shares of the textile maker’s stock worth $438,000 after buying an additional 4,413 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Wolverine World Wide by 4.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,108 shares of the textile maker’s stock worth $3,207,000 after purchasing an additional 8,187 shares in the last quarter. PEAK6 Investments LLC bought a new stake in shares of Wolverine World Wide during the third quarter valued at approximately $510,000. BNP Paribas Financial Markets increased its holdings in shares of Wolverine World Wide by 31.4% in the third quarter. BNP Paribas Financial Markets now owns 41,586 shares of the textile maker’s stock valued at $724,000 after purchasing an additional 9,927 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Wolverine World Wide by 26.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 38,507 shares of the textile maker’s stock worth $671,000 after purchasing an additional 7,995 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors.
Wolverine World Wide Price Performance
Wolverine World Wide stock opened at $22.94 on Thursday. The firm has a market capitalization of $1.84 billion, a P/E ratio of -25.78 and a beta of 1.89. The business has a 50-day moving average of $20.63 and a 200-day moving average of $16.41. 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, Inc. has a 1 year low of $7.58 and a 1 year high of $24.64.
Wolverine World Wide Dividend Announcement
The company also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio is currently -44.94%.
Analysts Set New Price Targets
A number of research analysts have commented on WWW shares. BNP Paribas upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Thursday, October 3rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $15.00 price objective on shares of Wolverine World Wide in a research report on Thursday, November 7th. StockNews.com upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.38.
Check Out Our Latest Stock Report on WWW
Insider Buying and Selling at Wolverine World Wide
In other news, insider Amy M. Klimek sold 10,214 shares of the firm’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 sale, the insider now owns 19,093 shares of the company’s stock, valued at $383,960.23. This trade represents a 34.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.28% of the company’s stock.
Wolverine World Wide Profile
(Free Report)
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.
See Also
Want to see what other hedge funds are holding WWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wolverine World Wide, Inc. (NYSE:WWW – Free Report).
Receive News & Ratings for Wolverine World Wide Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Wolverine World Wide and related companies with MarketBeat.com’s FREE daily email newsletter.
