Harvest Fund Management Co. Ltd purchased a new position in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,513 shares of the textile maker's stock, valued at approximately $566,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Wolverine World Wide during the 4th quarter worth $443,000. Signaturefd LLC lifted its holdings in 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 during the last quarter. Natixis Advisors LLC boosted its position in shares of Wolverine World Wide by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker's stock worth $635,000 after acquiring an additional 1,035 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Wolverine World Wide in the 4th quarter valued at about $221,000. Finally, HighTower Advisors LLC raised its position in shares of Wolverine World Wide by 5.2% during the 4th quarter. HighTower Advisors LLC now owns 11,526 shares of the textile maker's stock worth $256,000 after acquiring an additional 574 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company's stock.
Wolverine World Wide Stock Performance
Shares of WWW stock traded up $0.11 during midday trading on Tuesday, hitting $14.54. The company had a trading volume of 1,552,598 shares, compared to its average volume of 1,193,997. Wolverine World Wide, Inc. has a 52-week low of $9.07 and a 52-week 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 company's 50 day simple moving average is $18.14 and its 200 day simple moving average is $19.01. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 26.44 and a beta of 1.93.
Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company 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%. Wolverine World Wide's revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.30) EPS. Research 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 firm 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide's payout ratio is 72.73%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on WWW shares. UBS Group dropped their price target 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. StockNews.com lowered shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Stifel Nicolaus raised 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. Telsey Advisory Group reiterated a "market perform" rating and set a $23.00 target price on shares of Wolverine World Wide in a research report on Wednesday, February 19th. Finally, Robert W. Baird decreased their target price on 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Wolverine World Wide currently has a consensus rating of "Moderate Buy" and an average target price of $21.50.
Get Our Latest Research Report on WWW
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.
Recommended Stories
Before you consider Wolverine World Wide, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wolverine World Wide wasn't on the list.
While Wolverine World Wide currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
