Trexquant Investment LP Grows Position in Wolverine World Wide, Inc. (NYSE:WWW)

Trexquant Investment LP raised its position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 1,541.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 176,269 shares of the textile maker's stock after buying an additional 165,529 shares during the quarter. Trexquant Investment LP owned about 0.22% of Wolverine World Wide worth $3,913,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Wolverine World Wide during the 4th quarter valued at about $25,000. Signaturefd LLC grew its stake in shares of Wolverine World Wide by 88.8% during the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock worth $32,000 after acquiring an additional 682 shares during the last quarter. KBC Group NV increased its holdings in shares of Wolverine World Wide by 43.8% during the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker's stock valued at $96,000 after acquiring an additional 1,311 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Wolverine World Wide by 12.5% in the 4th quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker's stock valued at $112,000 after purchasing an additional 563 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Wolverine World Wide in the 3rd quarter worth approximately $113,000. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Price Performance

Shares of NYSE WWW traded down $1.25 during mid-day trading on Thursday, reaching $11.08. The company's stock had a trading volume of 517,575 shares, compared to its average volume of 1,280,222. The stock has a 50-day moving average of $15.27 and a two-hundred day moving average of $18.77. 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 stock has a market capitalization of $898.11 million, a P/E ratio of 20.20 and a beta of 1.74. 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 issued its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The business had revenue of $494.70 million for the quarter, compared to analysts' expectations of $485.74 million. During the same period in the previous year, the firm posted ($0.30) EPS. The business's revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide's dividend payout ratio is currently 72.73%.

Analysts Set New Price Targets

A number of research analysts have issued reports on WWW shares. Stifel Nicolaus decreased their price target on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating for the company in a report on Thursday. UBS Group lowered their price target on Wolverine World Wide from $29.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. StockNews.com cut Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Robert W. Baird dropped their target price on Wolverine World Wide from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $23.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $20.25.

Wolverine World Wide 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.