Cwm LLC Has $154,000 Stock Position in Wolverine World Wide, Inc. (NYSE:WWW)

Cwm LLC increased its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 237.0% in the 3rd quarter, Holdings Channel reports. The fund owned 8,843 shares of the textile maker’s stock after purchasing an additional 6,219 shares during the period. Cwm LLC’s holdings in Wolverine World Wide were worth $154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in shares of Wolverine World Wide in the 3rd quarter valued at approximately $35,000. Canada Pension Plan Investment Board bought a new position in Wolverine World Wide in the 2nd quarter valued at $68,000. GAMMA Investing LLC raised its position in Wolverine World Wide by 15.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 616 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Wolverine World Wide during the first quarter worth $81,000. Finally, Natixis bought a new stake in shares of Wolverine World Wide during the first quarter worth $112,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Wolverine World Wide news, insider David A. Latchana sold 7,706 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 13,889 shares in the company, valued at $236,390.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.28% of the stock is currently owned by corporate insiders.

Wolverine World Wide Stock Down 1.1 %

WWW stock opened at $15.61 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.19 and a quick ratio of 0.74. The stock has a market capitalization of $1.25 billion, a P/E ratio of -14.73 and a beta of 1.77. The business has a 50-day moving average of $15.19 and a 200-day moving average of $13.52. Wolverine World Wide, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $18.51.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. The company 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%. Wolverine World Wide’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be issued 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 2.56%. Wolverine World Wide’s payout ratio is presently -37.74%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $18.00 price objective on shares of Wolverine World Wide in a research note on Friday, August 23rd. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Thursday, October 3rd. Telsey Advisory Group reissued a “market perform” rating and issued a $14.00 target price on shares of Wolverine World Wide in a research note on Wednesday, August 7th. KeyCorp raised Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Thursday, August 8th. Finally, UBS Group raised Wolverine World Wide from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.00 to $20.00 in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.86.

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.