Wolverine World Wide, Inc. (NYSE:WWW) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,799 shares of the textile maker’s stock after selling 6,100 shares during the period. Public Sector Pension Investment Board’s holdings in Wolverine World Wide were worth $2,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in shares of Wolverine World Wide during the 3rd quarter valued at $35,000. Canada Pension Plan Investment Board bought a new stake in shares of Wolverine World Wide during the second quarter valued at approximately $68,000. Cedar Mountain Advisors LLC bought a new position in Wolverine World Wide in the 3rd quarter valued at about $70,000. GAMMA Investing LLC raised its stake in shares of Wolverine World Wide by 15.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock worth $78,000 after buying an additional 616 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Wolverine World Wide during the second quarter valued at approximately $146,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WWW has been the subject of a number of research reports. KeyCorp raised Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Thursday, August 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $15.00 price objective on shares of Wolverine World Wide in a research note on Thursday, November 7th. Argus upgraded Wolverine World Wide to a “hold” rating in a research report on Friday, August 16th. BNP Paribas upgraded shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Thursday, October 3rd. Finally, Robert W. Baird upped their target price on shares of Wolverine World Wide from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insider Buying and Selling

In other Wolverine World Wide news, insider David A. Latchana sold 7,706 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $17.02, for a total transaction of $131,156.12. Following the transaction, the insider now owns 13,889 shares in the company, valued at approximately $236,390.78. This represents a 35.68 % decrease in their ownership of the stock. 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 the 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 directly owns 19,093 shares of the company’s stock, valued at approximately $383,960.23. This represents a 34.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,920 shares of company stock worth $866,240 over the last three months. 2.28% of the stock is owned by insiders.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $23.68 on Wednesday. Wolverine World Wide, Inc. has a 1-year low of $7.58 and a 1-year high of $24.09. The business has a fifty day moving average price of $18.80 and a 200-day moving average price of $15.38. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. The company has a market capitalization of $1.90 billion, a PE ratio of -26.61 and a beta of 1.89.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors 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 yield of 1.69%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide’s payout ratio is -44.94%.

Wolverine World Wide Company 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.