Wolverine World Wide, Inc. (WWW) loses confidence of 23 hedge fund managers

Wolverine World Wide, Inc. (NYSE:WWW) is on recovery track with 15.15% gain from a 1-year low price of $27.93. The company lost -3.13% to attain the price of $32.16 on 01/10/2019. Throughout the recent session, the prices were hovering between $31.83 and $33.04. These shares are 20.49% off its target price of $38.75 and the current market capitalization stands at $3.05B. The recent change has given its price a -3.62% deficit over SMA 50 and -19.14% deficit over its 52-week high. The stock witnessed -2.6% declines, -11.23% declines and -3.97% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WWW’s volatility during a week at 2.91% and during a month it has been found around 3.36%.

Wolverine World Wide, Inc. (WWW) Top Holders

Institutional investors currently hold around $2.93 billion or 96.2% in WWW stock. Look at its top three institutional owners. Blackrock Inc. owns $454.73 million in Wolverine World Wide, Inc., which represents roughly 14.91% of the company’s market cap and approximately 15.5% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 9,194,960 shares of the stock are valued at $305.27 million. The third largest holder is Silvercrest Asset Management Group Llc, which currently holds $127.98 million worth of this stock and that ownership represents nearly 4.2% of its market capitalization.

Wolverine World Wide, Inc. 13F Filings

At the end of September reporting period, 103 institutional holders increased their position in Wolverine World Wide, Inc. (NYSE:WWW) by some 5,718,609 shares, 135 decreased positions by 5,492,266 and 50 held positions by 77,141,821. That puts total institutional holdings at 88,352,696 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 850,809 shares while 23 institutional investors sold out their entire positions totaling 381,366 shares.

Wolverine World Wide, Inc. (NYSE:WWW) Insider Trades

Multiple company employees have indulged in significant insider trading. Wolverine World Wide, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Sr. VP of Human Resources Klimek Amy M. has sold 11,628 shares of Wolverine World Wide, Inc. (WWW) in trading session dated Nov. 09, 2018. These shares are worth $385,933 and were traded at $33.19 each. The SEC filing shows that Woodworth Richard performed a sale of 19,376 shares. The Pres, Wolverine Boston Group disposed these shares by way of transaction on Aug. 31, 2018. The company’s shares were given away at $38.73 per share worth to an income of some $750,432 on account of Woodworth Richard.

Pres, Gl Ops & Heritage Groups, Jeppesen Michael, sold 49,151 common shares of Wolverine World Wide, Inc. (WWW) in the open market. In a transaction dated Aug. 15, 2018, the shares were put up for sale at an average price of $37.77, raking in a sum of $1,856,433. After this sale, 134,347 common shares of WWW are directly owned by the insider, with total stake valued at $4,320,600.

In the transaction dated Aug. 10, 2018, the great number of shares disposed came courtesy the Director; Gerber William K disposed a total of 1,000 shares at an average price of $37.17, amounting to approximately $37,170. The insider now directly owns 13,440 shares worth $432,230.

Wolverine World Wide, Inc. (WWW) Analyst Guide

Several analysts have released their opinion on Wolverine World Wide, Inc. (NYSE:WWW), with 6 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.07 average brokerage recommendation.