36,290 Shares in Wolverine World Wide, Inc. (NYSE:WWW) Bought by Optimize Financial Inc

Optimize Financial Inc bought a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,290 shares of the textile maker's stock, valued at approximately $802,000.

A number of other large investors have also recently modified their holdings of the business. CenterBook Partners LP bought a new stake in shares of Wolverine World Wide during the 4th quarter worth $489,000. Raymond James Financial Inc. acquired a new position in Wolverine World Wide during the fourth quarter worth about $2,914,000. Legal & General Group Plc lifted its holdings in shares of Wolverine World Wide by 1.6% in the fourth quarter. Legal & General Group Plc now owns 227,908 shares of the textile maker's stock worth $5,060,000 after acquiring an additional 3,696 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Wolverine World Wide by 13.7% in the 4th quarter. Invesco Ltd. now owns 698,904 shares of the textile maker's stock valued at $15,516,000 after purchasing an additional 83,970 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Wolverine World Wide by 19.8% during the 4th quarter. Bank of Montreal Can now owns 14,526 shares of the textile maker's stock valued at $322,000 after purchasing an additional 2,396 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WWW. UBS Group cut their target price on shares of Wolverine World Wide from $29.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus reduced their price objective on Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. StockNews.com downgraded Wolverine World Wide from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Robert W. Baird reduced their price target on Wolverine World Wide from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Finally, Piper Sandler lowered their price objective on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.25.

Wolverine World Wide Stock Up 2.5 %

Wolverine World Wide stock traded up $0.26 during trading on Thursday, hitting $10.80. 1,127,723 shares of the company were exchanged, compared to its average volume of 1,291,584. The company has a market capitalization of $875.42 million, a P/E ratio of 19.64 and a beta of 1.74. The business's 50 day moving average is $14.20 and its 200 day moving average is $18.56. Wolverine World Wide, Inc. has a 52 week low of $9.35 and a 52 week high of $24.64. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79.

Wolverine World Wide (NYSE:WWW - Get Free Report) last posted its earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $494.70 million for the quarter, compared to analysts' expectations of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company's quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.30) EPS. Analysts predict that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide's dividend payout ratio is currently 72.73%.

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.