Thrivent Financial for Lutherans Sells 3,521 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Thrivent Financial for Lutherans decreased its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 62,981 shares of the textile maker’s stock after selling 3,521 shares during the period. Thrivent Financial for Lutherans’ holdings in Wolverine World Wide were worth $1,097,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Natixis Advisors LLC lifted its position in Wolverine World Wide by 20.5% during the third quarter. Natixis Advisors LLC now owns 27,573 shares of the textile maker’s stock worth $480,000 after acquiring an additional 4,694 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Wolverine World Wide by 5.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 145,860 shares of the textile maker’s stock worth $2,541,000 after purchasing an additional 7,577 shares during the period. Aigen Investment Management LP bought a new stake in Wolverine World Wide in the 3rd quarter valued at $195,000. GSA Capital Partners LLP grew its holdings in Wolverine World Wide by 33.9% in the 3rd quarter. GSA Capital Partners LLP now owns 96,615 shares of the textile maker’s stock valued at $1,683,000 after buying an additional 24,477 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Wolverine World Wide by 487.8% in the 3rd quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock valued at $641,000 after buying an additional 30,519 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Stock Performance

Shares of NYSE:WWW opened at $23.19 on Monday. The company’s 50 day simple moving average is $18.48 and its 200 day simple moving average is $15.24. 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 $24.09. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -26.06 and a beta of 1.78.

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 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 dividend yield of 1.72%. Wolverine World Wide’s dividend payout ratio (DPR) is currently -44.94%.

Analyst Ratings Changes

WWW has been the subject of a number of recent research reports. Piper Sandler reissued an “overweight” rating and issued a $18.00 target price on shares of Wolverine World Wide in a research report on Friday, August 23rd. Argus raised shares of Wolverine World Wide to a “hold” rating in a report on Friday, August 16th. Robert W. Baird raised their target price on shares of Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. 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. Finally, KeyCorp raised Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.00.

Insider Buying and Selling

In other news, insider Amy M. Klimek sold 10,214 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $20.11, for a total transaction of $205,403.54. Following the completion of the transaction, the insider now directly owns 19,093 shares in the company, valued at approximately $383,960.23. This represents a 34.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Latchana sold 7,706 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $17.02, for a total value of $131,156.12. Following the completion of the transaction, the insider now owns 13,889 shares of the company’s stock, valued at $236,390.78. The trade was a 35.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,920 shares of company stock worth $866,240 in the last ninety days. 2.28% of the stock is owned by insiders.

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.