12,280 Shares in Wolverine World Wide, Inc. (NYSE:WWW) Purchased by Sheets Smith Wealth Management

Sheets Smith Wealth Management purchased a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,280 shares of the textile maker's stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Wolverine World Wide by 1,263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker's stock worth $24,857,000 after buying an additional 1,322,254 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Wolverine World Wide in the 3rd quarter worth $10,974,000. Jacobs Levy Equity Management Inc. raised its position in shares of Wolverine World Wide by 51.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker's stock valued at $17,324,000 after buying an additional 335,669 shares in the last quarter. Barclays PLC grew its position in Wolverine World Wide by 767.1% in the third quarter. Barclays PLC now owns 250,830 shares of the textile maker's stock worth $4,368,000 after acquiring an additional 221,904 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Wolverine World Wide during the 3rd quarter valued at about $3,034,000. 90.25% of the stock is owned by institutional investors.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the sale, the insider now directly owns 34,206 shares of the company's stock, valued at $806,235.42. This trade represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amy M. Klimek sold 10,214 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $20.11, for a total value of $205,403.54. Following the completion of the transaction, the insider now directly owns 19,093 shares in the company, valued at approximately $383,960.23. This represents a 34.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,901 shares of company stock worth $916,266 in the last 90 days. 2.28% of the stock is currently owned by insiders.

Wolverine World Wide Stock Performance

Shares of NYSE WWW traded down $0.05 during trading on Thursday, reaching $22.52. 879,576 shares of the company traded hands, compared to its average volume of 1,189,905. The stock has a market capitalization of $1.80 billion, a PE ratio of -25.30 and a beta of 1.88. The firm has a 50 day simple moving average of $22.85 and a 200-day simple moving average of $17.77. Wolverine World Wide, Inc. has a 52-week low of $8.05 and a 52-week high of $24.64. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.10 per share. 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 1.78%. Wolverine World Wide's dividend payout ratio is currently -44.94%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com raised shares of Wolverine World Wide from a "hold" rating to a "buy" rating in a research note on Wednesday. Stifel Nicolaus raised Wolverine World Wide from a "hold" rating to a "buy" rating and raised their target price for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $15.00 price target on shares of Wolverine World Wide in a research report on Thursday, November 7th. Finally, BNP Paribas raised Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.38.

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.