Sheets Smith Wealth Management Makes New $273,000 Investment in Wolverine World Wide, Inc. (NYSE:WWW)

Sheets Smith Wealth Management purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,280 shares of the textile maker’s stock, valued at approximately $273,000.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE grew its position in Wolverine World Wide by 487.8% in the third quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock valued at $641,000 after acquiring an additional 30,519 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Wolverine World Wide during the 3rd quarter worth approximately $3,034,000. XTX Topco Ltd lifted its stake in Wolverine World Wide by 338.6% in the 3rd quarter. XTX Topco Ltd now owns 47,346 shares of the textile maker’s stock valued at $825,000 after purchasing an additional 36,551 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 valued at $24,857,000 after buying an additional 1,322,254 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Wolverine World Wide in the second quarter valued at approximately $508,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Insider Transactions at Wolverine World Wide

In other news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the sale, the insider now owns 34,206 shares of the company’s stock, valued at $806,235.42. This trade represents a 18.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Amy M. Klimek sold 24,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,901 shares of company stock valued at $916,266. Corporate insiders own 2.28% of the company’s stock.

Analyst Ratings Changes

WWW has been the subject of a number of research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $15.00 price target on shares of Wolverine World Wide in a research note on Thursday, November 7th. BNP Paribas upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Thursday, October 3rd. Stifel Nicolaus upgraded 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, December 11th. Finally, StockNews.com upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.38.

Wolverine World Wide Stock Performance

Shares of NYSE WWW opened at $22.54 on Thursday. The company’s 50 day moving average price is $22.83 and its 200-day moving average price is $17.74. 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 $8.05 and a 52-week high of $24.64.

Wolverine World Wide Announces Dividend

The firm also recently declared 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 is Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. Wolverine World Wide’s payout ratio is currently -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.