Y Intercept Hong Kong Ltd Reduces Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Y Intercept Hong Kong Ltd lessened its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,081 shares of the textile maker’s stock after selling 677 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Wolverine World Wide were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Future Financial Wealth Managment LLC purchased a new stake in Wolverine World Wide in the 3rd quarter worth approximately $35,000. Canada Pension Plan Investment Board purchased a new stake in Wolverine World Wide during the second quarter worth $68,000. Cedar Mountain Advisors LLC acquired a new stake in Wolverine World Wide during the third quarter valued at $70,000. GAMMA Investing LLC increased its holdings in Wolverine World Wide by 15.9% in the third quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock valued at $78,000 after buying an additional 616 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Wolverine World Wide in the second quarter valued at $146,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Buying and Selling

In other Wolverine World Wide news, insider Amy M. Klimek sold 24,000 shares of the business’s 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 transaction, the insider now owns 20,238 shares of the company’s stock, 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 is accessible through the SEC website. Also, insider David A. Latchana sold 7,706 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 13,889 shares of the company’s stock, valued at $236,390.78. This trade represents a 35.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,920 shares of company stock worth $866,240. 2.28% of the stock is owned by insiders.

Wolverine World Wide Trading Down 0.9 %

Shares of WWW stock opened at $23.16 on Wednesday. Wolverine World Wide, Inc. has a fifty-two week low of $7.58 and a fifty-two week high of $24.64. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. The stock’s fifty day moving average is $20.01 and its two-hundred day moving average is $16.08. The firm has a market capitalization of $1.85 billion, a P/E ratio of -26.02 and a beta of 1.89.

Wolverine World Wide Dividend Announcement

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 given a dividend of $0.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.73%. Wolverine World Wide’s payout ratio is presently -44.94%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WWW. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and raised their target price for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Piper Sandler reissued an “overweight” rating and issued a $18.00 price objective on shares of Wolverine World Wide in a report on Friday, August 23rd. Telsey Advisory Group restated 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. Finally, BNP Paribas upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Moderate Buy” and an average target price of $19.38.

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.