XTX Topco Ltd Has $825,000 Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

XTX Topco Ltd increased its position in Wolverine World Wide, Inc. (NYSE:WWW) by 338.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,346 shares of the textile maker’s stock after buying an additional 36,551 shares during the period. XTX Topco Ltd owned 0.06% of Wolverine World Wide worth $825,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake 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 valued at $78,000 after buying an additional 616 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Wolverine World Wide by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 40,200 shares of the textile maker’s stock valued at $544,000 after buying an additional 800 shares during the period. Hsbc Holdings PLC grew its stake in shares of Wolverine World Wide by 9.3% in the 2nd quarter. Hsbc Holdings PLC now owns 11,425 shares of the textile maker’s stock valued at $153,000 after buying an additional 973 shares during the period. Intech Investment Management LLC grew its stake in shares of Wolverine World Wide by 5.0% in the 3rd quarter. Intech Investment Management LLC now owns 39,412 shares of the textile maker’s stock valued at $687,000 after buying an additional 1,866 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Wolverine World Wide in the 3rd quarter valued at about $35,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on WWW. BNP Paribas upgraded 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 raised shares of Wolverine World Wide to a “hold” rating in a report on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $18.00 price target on shares of Wolverine World Wide in a report on Friday, August 23rd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $15.00 price target on shares of Wolverine World Wide in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Wolverine World Wide Trading Up 0.5 %

Shares of WWW stock opened at $22.71 on Wednesday. The company’s fifty day simple moving average is $19.40 and its two-hundred day simple moving average is $15.73. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. Wolverine World Wide, Inc. has a 1 year low of $7.58 and a 1 year high of $24.16. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -25.52 and a beta of 1.89.

Wolverine World Wide Dividend Announcement

The firm also recently announced 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 1.76%. Wolverine World Wide’s payout ratio is -44.94%.

Insider Buying and Selling at Wolverine World Wide

In other news, insider David A. Latchana sold 7,706 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $17.02, for a total transaction of $131,156.12. Following the completion of the transaction, the insider now directly owns 13,889 shares in the company, valued at $236,390.78. The trade was a 35.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 of the company’s stock, valued at $446,652.66. This trade represents a 54.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,920 shares of company stock valued at $866,240 in the last 90 days. 2.28% of the stock is currently owned by company insiders.

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.