Fmr LLC Trims Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

FMR LLC lessened its stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,517,071 shares of the textile maker's stock after selling 109,428 shares during the quarter. FMR LLC owned approximately 14.38% of Wolverine World Wide worth $200,627,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Manning & Napier Advisors LLC purchased a new position in Wolverine World Wide during the second quarter worth about $7,098,000. Federated Hermes Inc. grew its holdings in shares of Wolverine World Wide by 10,607.4% in the second quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker's stock valued at $7,306,000 after acquiring an additional 535,355 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Wolverine World Wide during the second quarter valued at approximately $548,000. US Bancorp DE lifted its holdings in Wolverine World Wide by 487.8% during the third quarter. US Bancorp DE now owns 36,776 shares of the textile maker's stock worth $641,000 after acquiring an additional 30,519 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in Wolverine World Wide in the third quarter worth $3,034,000. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Price Performance

WWW traded down $0.03 during trading on Tuesday, reaching $23.50. The stock had a trading volume of 110,673 shares, compared to its average volume of 1,107,580. The business has a 50-day moving average of $18.65 and a 200-day moving average of $15.31. Wolverine World Wide, Inc. has a one year low of $7.58 and a one year high of $24.09. 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 has a market cap of $1.88 billion, a PE ratio of -26.44 and a beta of 1.89.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide's dividend payout ratio is currently -44.94%.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, insider David A. Latchana sold 7,706 shares of the firm's 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amy M. Klimek sold 24,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.07, for a total transaction of $529,680.00. Following the transaction, the insider now directly owns 20,238 shares of the company's stock, valued at approximately $446,652.66. This trade represents a 54.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,920 shares of company stock worth $866,240. 2.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler reiterated an "overweight" rating and set a $18.00 target price on shares of Wolverine World Wide in a research note on Friday, August 23rd. Telsey Advisory Group reissued a "market perform" rating and issued a $15.00 target price on shares of Wolverine World Wide in a research report on Thursday, November 7th. Argus raised Wolverine World Wide to a "hold" rating in a research report on Friday, August 16th. BNP Paribas raised Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $22.00 price objective for the company in a report on Thursday, October 3rd. Finally, Robert W. Baird upped their price objective 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Wolverine World Wide has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.

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.