Wolverine World Wide, Inc. (NYSE:WWW) Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP trimmed its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 52.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,107 shares of the textile maker's stock after selling 104,548 shares during the quarter. Readystate Asset Management LP owned 0.12% of Wolverine World Wide worth $1,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WWW. Future Financial Wealth Managment LLC acquired a new position in Wolverine World Wide during the 3rd quarter worth $35,000. Canada Pension Plan Investment Board acquired a new position in shares of Wolverine World Wide during the 2nd quarter worth about $68,000. Cedar Mountain Advisors LLC acquired a new position in shares of Wolverine World Wide during the 3rd quarter worth about $70,000. GAMMA Investing LLC boosted its position 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 acquiring an additional 616 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Wolverine World Wide during the 2nd quarter worth about $146,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Wolverine World Wide Stock Performance

Shares of Wolverine World Wide stock traded down $0.93 on Thursday, hitting $23.05. The stock had a trading volume of 176,881 shares, compared to its average volume of 1,104,263. The company's 50 day moving average price is $18.95 and its 200 day moving average price is $15.44. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -26.94 and a beta of 1.89. Wolverine World Wide, Inc. has a 52-week low of $7.58 and a 52-week high of $24.16.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide's dividend payout ratio is presently -44.94%.

Insider Buying and Selling at Wolverine World Wide

In other Wolverine World Wide news, insider Amy M. Klimek sold 24,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 20,238 shares of the company's stock, valued at $446,652.66. This represents a 54.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Latchana sold 7,706 shares of the company's 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 sale, the insider now directly owns 13,889 shares of the company's stock, valued at approximately $236,390.78. This represents a 35.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,920 shares of company stock valued at $866,240 in the last ninety days. Insiders own 2.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Argus raised Wolverine World Wide to a "hold" rating in a research report on Friday, August 16th. 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. 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 research report on Thursday, October 3rd. Telsey Advisory Group reissued a "market perform" rating and issued a $15.00 target price on shares of Wolverine World Wide in a report on Thursday, November 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $18.00 target price on shares of Wolverine World Wide in a report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $18.00.

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.