Edgestream Partners L.P. Makes New $997,000 Investment in Wolverine World Wide, Inc. (NYSE:WWW)

Edgestream Partners L.P. bought a new stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,925 shares of the textile maker's stock, valued at approximately $997,000. Edgestream Partners L.P. owned 0.06% of Wolverine World Wide as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Jackson Creek Investment Advisors LLC acquired a new stake in Wolverine World Wide in the 4th quarter worth about $1,559,000. Lisanti Capital Growth LLC acquired a new stake in shares of Wolverine World Wide in the fourth quarter valued at approximately $3,287,000. Raymond James Financial Inc. acquired a new stake in shares of Wolverine World Wide in the fourth quarter valued at approximately $2,914,000. Aigen Investment Management LP boosted its stake in shares of Wolverine World Wide by 97.8% in the fourth quarter. Aigen Investment Management LP now owns 22,102 shares of the textile maker's stock valued at $491,000 after buying an additional 10,927 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Wolverine World Wide during the fourth quarter worth approximately $315,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on WWW. StockNews.com downgraded Wolverine World Wide from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, February 19th. UBS Group reduced their price objective 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 dropped their target price on shares of Wolverine World Wide from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Finally, Stifel Nicolaus upgraded shares of Wolverine World Wide from a "hold" rating to a "buy" rating and increased their price target for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

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Wolverine World Wide Trading Down 2.7 %

Shares of Wolverine World Wide stock opened at $13.64 on Wednesday. The firm has a market capitalization of $1.10 billion, a PE ratio of 24.80 and a beta of 1.93. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm's 50 day moving average is $19.74 and its 200 day moving average is $19.01. Wolverine World Wide, Inc. has a 1 year low of $9.07 and a 1 year high of $24.64.

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, hitting analysts' consensus estimates of $0.42. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The firm had revenue of $494.70 million for the quarter, compared to analysts' expectations of $485.74 million. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. The company's revenue was down 6.1% on a year-over-year basis. Equities research analysts forecast that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 annualized dividend and a yield of 2.93%. Wolverine World Wide's dividend payout ratio is presently 72.73%.

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.

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