2,000 Shares in Wolverine World Wide, Inc. (NYSE:WWW) Purchased by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC acquired a new position in Wolverine World Wide, Inc. (NYSE:WWW) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,000 shares of the textile maker’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in Wolverine World Wide by 15.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 616 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Wolverine World Wide in the 2nd quarter valued at about $68,000. Central Pacific Bank Trust Division purchased a new position in Wolverine World Wide in the 1st quarter valued at about $81,000. Natixis purchased a new position in Wolverine World Wide in the 1st quarter valued at about $112,000. Finally, XTX Topco Ltd purchased a new position in Wolverine World Wide in the 2nd quarter valued at about $146,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wolverine World Wide Trading Down 0.3 %

WWW opened at $16.42 on Friday. The firm has a 50 day moving average price of $14.47 and a 200 day moving average price of $13.09. Wolverine World Wide, Inc. has a 1 year low of $7.21 and a 1 year high of $18.51. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.19 and a quick ratio of 0.74.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, August 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $425.40 million during the quarter, compared to the consensus estimate of $411.20 million. Wolverine World Wide had a negative net margin of 4.42% and a negative return on equity of 0.34%. The company’s revenue was down 27.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. Analysts forecast that Wolverine World Wide, Inc. will post 0.85 EPS for the current year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.44%. The ex-dividend date is Tuesday, October 1st. Wolverine World Wide’s dividend payout ratio (DPR) is -37.74%.

Insider Buying and Selling at Wolverine World Wide

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 shares were 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 owns 13,889 shares of the company’s stock, valued at $236,390.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WWW. 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. Piper Sandler reaffirmed an “overweight” rating and set a $18.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 23rd. Argus raised shares of Wolverine World Wide to a “hold” rating in a research note on Friday, August 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $14.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, August 7th. Finally, UBS Group raised shares of Wolverine World Wide from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.00 to $20.00 in a research note on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.86.

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.