Landscape Capital Management L.L.C. Takes $3.03 Million Position in Wolverine World Wide, Inc. (NYSE:WWW)

Landscape Capital Management L.L.C. purchased a new position in Wolverine World Wide, Inc. (NYSE:WWW) during the third quarter, Holdings Channel.com reports. The fund purchased 174,170 shares of the textile maker’s stock, valued at approximately $3,034,000.

A number of other institutional investors have also recently made changes to their positions in WWW. Future Financial Wealth Managment LLC bought a new stake in Wolverine World Wide during the 3rd quarter valued at $35,000. Canada Pension Plan Investment Board purchased a new position in shares of Wolverine World Wide during the second quarter worth about $68,000. Cedar Mountain Advisors LLC purchased a new stake in Wolverine World Wide in the third quarter valued at approximately $70,000. GAMMA Investing LLC increased its holdings in shares of Wolverine World Wide by 15.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,494 shares of the textile maker’s stock worth $78,000 after buying an additional 616 shares during the last quarter. Finally, Natixis purchased a new stake in Wolverine World Wide during the first quarter valued at about $112,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Performance

Wolverine World Wide stock opened at $22.16 on Thursday. The stock has a fifty day moving average of $17.13 and a 200 day moving average of $14.68. Wolverine World Wide, Inc. has a one year low of $7.58 and a one year high of $22.86. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91.

Wolverine World Wide Announces Dividend

The firm 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 1.81%. The ex-dividend date is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio is presently -44.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WWW shares. Robert W. Baird increased their target price on shares of Wolverine World Wide from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. BNP Paribas raised shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Thursday, October 3rd. Argus upgraded shares of Wolverine World Wide to a “hold” rating in a report on Friday, August 16th. 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. Finally, KeyCorp upgraded Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price target for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insider Activity at Wolverine World Wide

In other news, insider Amy M. Klimek sold 24,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.07, for a total value of $529,680.00. Following the completion of the sale, the insider now directly owns 20,238 shares of the company’s stock, valued at $446,652.66. This represents a 54.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Latchana sold 7,706 shares of the firm’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 sale, the insider now directly owns 13,889 shares in the company, valued at approximately $236,390.78. This represents a 35.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,920 shares of company stock worth $866,240. Corporate insiders own 2.28% of the company’s stock.

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.