Charles Schwab Investment Management Inc. Has $23.74 Million Stock Position in Wolverine World Wide, Inc. (NYSE:WWW)

Charles Schwab Investment Management Inc. decreased its position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 22.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,069,409 shares of the textile maker's stock after selling 306,171 shares during the period. Charles Schwab Investment Management Inc. owned about 1.34% of Wolverine World Wide worth $23,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in WWW. SBI Securities Co. Ltd. acquired a new stake in Wolverine World Wide in the fourth quarter valued at approximately $25,000. KBC Group NV boosted its position in Wolverine World Wide by 43.8% in the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker's stock valued at $96,000 after buying an additional 1,311 shares in the last quarter. GAMMA Investing LLC boosted its position in Wolverine World Wide by 12.5% in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Wolverine World Wide during the third quarter valued at $113,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Wolverine World Wide by 375.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,552 shares of the textile maker's stock valued at $122,000 after acquiring an additional 4,384 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company's stock.

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Wolverine World Wide Stock Down 0.3 %

NYSE:WWW traded down $0.05 during trading hours on Friday, reaching $13.76. The company had a trading volume of 3,421,198 shares, compared to its average volume of 1,192,267. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 25.01 and a beta of 1.93. The business's 50-day simple moving average is $18.31 and its two-hundred day simple moving average is $18.93. Wolverine World Wide, Inc. has a twelve month low of $9.07 and a twelve month high of $24.64.

Wolverine World Wide (NYSE:WWW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. The business had revenue of $494.70 million during 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 period last year, the company posted ($0.30) earnings per share. On average, equities analysts expect that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 yield of 2.91%. 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 research firms have recently issued reports on WWW. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price target on shares of Wolverine World Wide in a research note on Wednesday, February 19th. UBS Group dropped their price target on shares of 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. Stifel Nicolaus raised shares of Wolverine World Wide from a "hold" rating to a "buy" rating and raised their price target for the company from $21.00 to $29.00 in a research note on Wednesday, December 11th. Robert W. Baird dropped 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 research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.50.

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.