Wolverine World Wide, Inc. (NYSE:WWW) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC trimmed its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 19.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 486,003 shares of the textile maker’s stock after selling 113,997 shares during the period. Manning & Napier Advisors LLC owned about 0.61% of Wolverine World Wide worth $10,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in Wolverine World Wide by 12.5% in the 4th quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after purchasing an additional 563 shares in the last quarter. Hsbc Holdings PLC lifted 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 purchasing an additional 973 shares during the period. KBC Group NV boosted its holdings in Wolverine World Wide by 43.8% during the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock worth $96,000 after buying an additional 1,311 shares in the last quarter. Intech Investment Management LLC grew its position in Wolverine World Wide by 5.0% during the third 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 purchased a new position in Wolverine World Wide in the third quarter valued at $35,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wolverine World Wide Stock Performance

Shares of WWW stock opened at $23.08 on Thursday. Wolverine World Wide, Inc. has a fifty-two week low of $8.05 and a fifty-two week high of $24.64. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. The stock’s fifty day moving average is $22.93 and its two-hundred day moving average is $18.10.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WWW shares. Telsey Advisory Group reissued a “market perform” rating and set a $15.00 target price on shares of Wolverine World Wide in a research note on Thursday, November 7th. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Thursday, October 3rd. StockNews.com raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price target for the company from $21.00 to $29.00 in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Moderate Buy” and an average target price of $19.38.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.57, for a total value of $181,182.59. Following the completion of the sale, the insider now owns 34,206 shares in the company, valued at approximately $806,235.42. This represents a 18.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amy M. Klimek sold 10,214 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $20.11, for a total value of $205,403.54. Following the transaction, the insider now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 41,901 shares of company stock valued at $916,266. Corporate insiders own 2.28% of the company’s stock.

Wolverine World Wide Company 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.