XTX Topco Ltd Increases Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

XTX Topco Ltd raised its holdings in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 338.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,346 shares of the textile maker's stock after buying an additional 36,551 shares during the period. XTX Topco Ltd owned about 0.06% of Wolverine World Wide worth $825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WWW. Pacer Advisors Inc. acquired a new stake in Wolverine World Wide in the second quarter valued at $64,295,000. Jennison Associates LLC acquired a new stake in shares of Wolverine World Wide during the third quarter worth about $10,974,000. Federated Hermes Inc. increased its position in shares of Wolverine World Wide by 10,607.4% during the second quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker's stock worth $7,306,000 after purchasing an additional 535,355 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Wolverine World Wide by 51.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker's stock worth $17,324,000 after purchasing an additional 335,669 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Wolverine World Wide during the second quarter worth about $3,979,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, insider David A. Latchana sold 7,706 shares of the business's stock in a transaction on Thursday, September 26th. The stock was 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 in the company, valued at approximately $236,390.78. The trade was a 35.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amy M. Klimek sold 10,214 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.11, for a total transaction of $205,403.54. Following the sale, the insider now directly owns 19,093 shares of the company's stock, valued at $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 41,920 shares of company stock valued at $866,240 in the last quarter. 2.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WWW has been the topic of a number of research analyst reports. Argus upgraded Wolverine World Wide to a "hold" rating in a research report on Friday, August 16th. BNP Paribas upgraded Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $22.00 target price on the stock in a research report on Thursday, October 3rd. Piper Sandler reissued an "overweight" rating and set a $18.00 price target on shares of Wolverine World Wide in a report on Friday, August 23rd. Telsey Advisory Group reissued a "market perform" rating and set a $15.00 price target on shares of Wolverine World Wide in a report on Thursday, November 7th. Finally, Stifel Nicolaus raised Wolverine World Wide from a "hold" rating to a "buy" rating and raised their price target for the stock from $21.00 to $29.00 in a report on Wednesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.38.

Wolverine World Wide Stock Performance

WWW traded up $1.54 during trading on Wednesday, reaching $24.26. The company's stock had a trading volume of 2,456,502 shares, compared to its average volume of 1,110,736. The company's fifty day moving average price is $19.54 and its 200-day moving average price is $15.79. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -27.26 and a beta of 1.89. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. Wolverine World Wide, Inc. has a 52-week low of $7.58 and a 52-week high of $24.64.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders 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 dividend yield of 1.65%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide's dividend payout ratio (DPR) is -44.94%.

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.