Federated Hermes Inc. Purchases 175,969 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Federated Hermes Inc. grew its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 32.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 718,567 shares of the textile maker's stock after purchasing an additional 175,969 shares during the quarter. Federated Hermes Inc. owned about 0.90% of Wolverine World Wide worth $15,952,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Wolverine World Wide by 70.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker's stock worth $53,854,000 after acquiring an additional 998,916 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Wolverine World Wide by 5.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker's stock worth $37,091,000 after buying an additional 86,475 shares during the period. Savant Capital LLC acquired a new position in Wolverine World Wide in the 4th quarter valued at $205,000. Pacer Advisors Inc. bought a new position in Wolverine World Wide in the 4th quarter worth $64,943,000. Finally, Amundi boosted its holdings in Wolverine World Wide by 161.5% during the fourth quarter. Amundi now owns 47,074 shares of the textile maker's stock valued at $1,067,000 after acquiring an additional 29,072 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Trading Down 2.6 %

NYSE:WWW traded down $0.29 during trading hours on Tuesday, hitting $10.77. The stock had a trading volume of 195,799 shares, compared to its average volume of 1,286,258. Wolverine World Wide, Inc. has a one year low of $9.15 and a one year high of $24.64. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. The company has a market cap of $872.75 million, a price-to-earnings ratio of 19.55 and a beta of 1.74. The business's 50 day moving average is $14.62 and its 200-day moving average is $18.67.

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

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 yield of 3.71%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide's dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group dropped their price objective on Wolverine World Wide from $29.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Robert W. Baird cut 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 report on Thursday, February 20th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price objective on shares of Wolverine World Wide in a report on Wednesday, February 19th. Finally, StockNews.com lowered Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $20.25.

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.