Prudential Financial Inc. Buys 74,090 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Prudential Financial Inc. lifted its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 521,935 shares of the textile maker's stock after purchasing an additional 74,090 shares during the period. Prudential Financial Inc. owned about 0.65% of Wolverine World Wide worth $11,587,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Wolverine World Wide during the fourth quarter valued at approximately $25,000. Signaturefd LLC boosted its position in Wolverine World Wide by 88.8% during the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock valued at $32,000 after buying an additional 682 shares during the period. KBC Group NV raised its position in Wolverine World Wide by 43.8% during the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker's stock valued at $96,000 after purchasing an additional 1,311 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Wolverine World Wide by 12.5% during the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker's stock valued at $112,000 after buying an additional 563 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Wolverine World Wide in the third quarter valued at $113,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wolverine World Wide Stock Performance

Shares of WWW traded up $0.29 during trading hours on Wednesday, hitting $14.36. The stock had a trading volume of 185,075 shares, compared to its average volume of 1,348,913. Wolverine World Wide, Inc. has a 12 month low of $9.06 and a 12 month high of $24.64. The stock has a fifty day moving average price of $17.09 and a 200 day moving average price of $19.02. 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 firm has a market capitalization of $1.16 billion, a PE ratio of 26.11 and a beta of 1.93.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The firm 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%. The business's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.30) EPS. Analysts anticipate that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.79%. Wolverine World Wide's dividend payout ratio (DPR) is 72.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stifel Nicolaus raised Wolverine World Wide from a "hold" rating to a "buy" rating and upped their price target for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. StockNews.com downgraded shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. UBS Group decreased their target price on shares of Wolverine World Wide from $29.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Telsey Advisory Group reissued a "market perform" rating and set a $23.00 price target on shares of Wolverine World Wide in a research report on Wednesday, February 19th. Finally, Robert W. Baird reduced their target price on Wolverine World Wide from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.50.

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.