Wolverine World Wide, Inc. (NYSE:WWW) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP reduced its holdings in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 49.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 291,102 shares of the textile maker's stock after selling 279,528 shares during the quarter. Invenomic Capital Management LP owned 0.37% of Wolverine World Wide worth $2,588,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WWW. GAMMA Investing LLC bought a new stake in shares of Wolverine World Wide in the 4th quarter worth approximately $26,000. Sherbrooke Park Advisers LLC bought a new stake in Wolverine World Wide in the third quarter valued at $93,000. Aristeia Capital LLC purchased a new position in Wolverine World Wide during the 3rd quarter valued at $103,000. Oxford Asset Management LLP bought a new position in Wolverine World Wide in the 4th quarter worth $124,000. Finally, Connable Office Inc. bought a new position in Wolverine World Wide in the 4th quarter worth $137,000. Institutional investors own 90.25% of the company's stock.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, insider Isabel Soriano sold 3,201 shares of the company's stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $13.89, for a total transaction of $44,461.89. Following the transaction, the insider now owns 26,519 shares in the company, valued at approximately $368,348.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.28% of the company's stock.

Wolverine World Wide Stock Up 1.7 %

Wolverine World Wide stock traded up $0.23 during mid-day trading on Tuesday, reaching $13.10. The stock had a trading volume of 956,994 shares, compared to its average volume of 903,064. Wolverine World Wide, Inc. has a one year low of $7.21 and a one year high of $15.09. The company has a 50-day moving average price of $11.74 and a two-hundred day moving average price of $10.11. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -13.85 and a beta of 1.73. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.13 and a quick ratio of 0.65.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its earnings results on Wednesday, May 8th. The textile maker reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $394.90 million for the quarter, compared to the consensus estimate of $360.31 million. Wolverine World Wide had a negative net margin of 3.59% and a positive return on equity of 0.53%. On average, analysts expect that Wolverine World Wide, Inc. will post 0.8 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Monday, July 1st. Wolverine World Wide's payout ratio is -43.01%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Robert W. Baird raised their price objective on shares of Wolverine World Wide from $9.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, May 9th. Telsey Advisory Group restated a "market perform" rating and set a $10.00 price target on shares of Wolverine World Wide in a research report on Wednesday, May 8th. UBS Group upped their price target on Wolverine World Wide from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, May 9th. Williams Trading raised Wolverine World Wide from a "hold" rating to a "buy" rating and raised their price objective for the company from $11.00 to $16.00 in a research report on Thursday, May 9th. Finally, Seaport Res Ptn raised shares of Wolverine World Wide from a "neutral" rating to a "buy" rating in a research report on Monday, May 6th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Wolverine World Wide has an average rating of "Hold" and a consensus target price of $11.67.

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.