Wolverine World Wide, Inc. (NYSE:WWW) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 31.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,586 shares of the textile maker’s stock after purchasing an additional 9,927 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of Wolverine World Wide worth $724,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC acquired a new stake in Wolverine World Wide in the 3rd quarter valued at about $35,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Wolverine World Wide in the third quarter valued at approximately $70,000. GAMMA Investing LLC increased its stake 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. Canada Pension Plan Investment Board acquired a new position in shares of Wolverine World Wide during the 2nd quarter worth approximately $68,000. Finally, CWM LLC lifted its stake in Wolverine World Wide by 237.0% in the 3rd quarter. CWM LLC now owns 8,843 shares of the textile maker’s stock valued at $154,000 after buying an additional 6,219 shares in the last quarter. Hedge funds and other institutional investors 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 transaction of $529,680.00. Following the transaction, the insider now owns 20,238 shares in the company, valued at $446,652.66. The trade was a 54.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Latchana sold 7,706 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 13,889 shares of the company’s stock, valued at $236,390.78. The trade was a 35.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,920 shares of company stock worth $866,240. Company insiders own 2.28% of the company’s stock.

Wolverine World Wide Stock Down 2.4 %

Shares of NYSE WWW opened at $23.68 on Friday. The stock has a market capitalization of $1.90 billion, a PE ratio of -26.61 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. The firm has a fifty day moving average of $19.65 and a 200-day moving average of $15.84. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio (DPR) is presently -44.94%.

Wall Street Analyst Weigh In

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

About Wolverine World Wide

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.