Jacobs Levy Equity Management Inc. Has $17.32 Million Position in Wolverine World Wide, Inc. (NYSE:WWW)

Jacobs Levy Equity Management Inc. lifted its position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 51.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 994,483 shares of the textile maker's stock after purchasing an additional 335,669 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.24% of Wolverine World Wide worth $17,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Wolverine World Wide by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker's stock worth $78,000 after purchasing an additional 616 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Wolverine World Wide by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 40,200 shares of the textile maker's stock valued at $544,000 after buying an additional 800 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Wolverine World Wide by 9.3% in the 2nd quarter. Hsbc Holdings PLC now owns 11,425 shares of the textile maker's stock valued at $153,000 after buying an additional 973 shares in the last quarter. Intech Investment Management LLC boosted its stake in Wolverine World Wide by 5.0% in the 3rd quarter. Intech Investment Management LLC now owns 39,412 shares of the textile maker's stock valued at $687,000 after buying an additional 1,866 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in Wolverine World Wide in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 90.25% of the company's stock.

Insider Activity at Wolverine World Wide

In other Wolverine World Wide news, insider Amy M. Klimek sold 24,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.07, for a total value of $529,680.00. Following the completion of the transaction, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Latchana sold 7,706 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 13,889 shares of the company's stock, valued at approximately $236,390.78. The trade was a 35.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,920 shares of company stock worth $866,240. 2.28% of the stock is owned by insiders.

Wolverine World Wide Trading Down 4.2 %

NYSE WWW traded down $1.00 on Thursday, reaching $22.98. The company had a trading volume of 831,104 shares, compared to its average volume of 1,107,119. The stock's 50 day moving average is $19.07 and its 200-day moving average is $15.50. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -25.82 and a beta of 1.89. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. Wolverine World Wide, Inc. has a 52 week low of $7.58 and a 52 week high of $24.16.

Wolverine World Wide Announces Dividend

The business 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 $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. Wolverine World Wide's dividend payout ratio is presently -44.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WWW. Argus raised Wolverine World Wide to a "hold" rating in a research note on Friday, August 16th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $15.00 price target on shares of Wolverine World Wide in a research note on Thursday, November 7th. KeyCorp upgraded 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. BNP Paribas upgraded Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Thursday, October 3rd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $18.00 price objective on shares of Wolverine World Wide in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.00.

Wolverine World Wide 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.