XTX Topco Ltd Invests $146,000 in Wolverine World Wide, Inc. (NYSE:WWW)

XTX Topco Ltd bought a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,795 shares of the textile maker’s stock, valued at approximately $146,000.

Other hedge funds have also recently bought and sold shares of the company. Intrinsic Edge Capital Management LLC bought a new position in shares of Wolverine World Wide during the 4th quarter worth about $2,563,000. GAMMA Investing LLC raised its holdings in Wolverine World Wide by 42.5% in the 1st quarter. GAMMA Investing LLC now owns 4,504 shares of the textile maker’s stock valued at $50,000 after acquiring an additional 1,343 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Wolverine World Wide by 22.6% in the 1st quarter. J.W. Cole Advisors Inc. now owns 31,536 shares of the textile maker’s stock worth $350,000 after acquiring an additional 5,806 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Wolverine World Wide by 52.8% during the 1st quarter. BNP Paribas Financial Markets now owns 65,242 shares of the textile maker’s stock worth $731,000 after purchasing an additional 22,532 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Wolverine World Wide during the first quarter valued at approximately $1,089,000. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Price Performance

Shares of Wolverine World Wide stock opened at $17.42 on Tuesday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -18.73 and a beta of 1.76. The firm’s 50-day moving average price is $14.02 and its two-hundred day moving average price is $12.72. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 2.14. Wolverine World Wide, Inc. has a 1-year low of $7.21 and a 1-year high of $17.57.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $425.40 million during the quarter, compared to analysts’ expectations of $411.20 million. Wolverine World Wide had a negative return on equity of 0.34% and a negative net margin of 4.42%. The business’s revenue was down 27.8% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. On average, equities analysts predict that Wolverine World Wide, Inc. will post 0.85 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.40 annualized dividend and a yield of 2.30%. Wolverine World Wide’s dividend payout ratio (DPR) is -43.01%.

Insiders Place Their Bets

In other Wolverine World Wide news, 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 $236,390.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.28% of the company’s stock.

Analyst Ratings Changes

WWW has been the subject of several research reports. Robert W. Baird raised their target price on Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. KeyCorp upgraded shares of Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Thursday, August 8th. Piper Sandler reissued an “overweight” rating and issued a $18.00 target price on shares of Wolverine World Wide in a research note on Friday, August 23rd. UBS Group upgraded shares of Wolverine World Wide from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.00 to $20.00 in a research note on Friday, July 19th. Finally, Argus raised Wolverine World Wide to a “hold” rating in a report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Wolverine World Wide has an average rating of “Moderate Buy” and a consensus price target of $17.17.

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.