Counterpoint Mutual Funds LLC acquired a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,939 shares of the textile maker's stock, valued at approximately $443,000.
A number of other hedge funds have also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in Wolverine World Wide during the 4th quarter valued at $25,000. Signaturefd LLC lifted its position in shares of Wolverine World Wide by 88.8% during the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock worth $32,000 after buying an additional 682 shares in the last quarter. KBC Group NV boosted its stake in shares of Wolverine World Wide by 43.8% in the 4th 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 during the last quarter. GAMMA Investing LLC grew its holdings in shares of Wolverine World Wide by 12.5% in the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker's stock valued at $112,000 after acquiring an additional 563 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Wolverine World Wide during the third quarter valued at approximately $113,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on WWW. StockNews.com downgraded Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Stifel Nicolaus upgraded shares of Wolverine World Wide from a "hold" rating to a "buy" rating and raised their price objective for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. UBS Group dropped 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 note on Thursday, February 20th. Robert W. Baird decreased their price target on shares of Wolverine World Wide from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $23.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Wolverine World Wide has an average rating of "Moderate Buy" and an average price target of $21.50.
Check Out Our Latest Analysis on WWW
Wolverine World Wide Stock Performance
Shares of Wolverine World Wide stock traded down $0.05 during trading hours on Friday, reaching $13.76. The company had a trading volume of 3,421,196 shares, compared to its average volume of 1,395,014. The firm has a market cap of $1.11 billion, a PE ratio of 25.01 and a beta of 1.93. Wolverine World Wide, Inc. has a one year low of $9.06 and a one year high of $24.64. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.29 and a quick ratio of 0.77. The business has a fifty day simple moving average of $18.49 and a 200 day simple moving average of $18.93.
Wolverine World Wide (NYSE:WWW - Get Free Report) last posted its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The business had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. During the same quarter in the previous year, the firm earned ($0.30) EPS. The company's quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts anticipate that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.
Wolverine World Wide Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.91%. Wolverine World Wide's dividend payout ratio (DPR) is currently 72.73%.
About Wolverine World Wide
(
Free Report)
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.
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