Fmr LLC Grows Position in Wolverine World Wide, Inc. (NYSE:WWW)

FMR LLC raised its position in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,766,527 shares of the textile maker's stock after buying an additional 249,456 shares during the quarter. FMR LLC owned about 14.70% of Wolverine World Wide worth $261,217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its position 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. HighTower Advisors LLC increased its holdings in shares of Wolverine World Wide by 5.2% in the fourth quarter. HighTower Advisors LLC now owns 11,526 shares of the textile maker's stock worth $256,000 after purchasing an additional 574 shares during the period. Signaturefd LLC increased its stake in Wolverine World Wide by 88.8% in the 4th 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. Natixis Advisors LLC increased its holdings in shares of Wolverine World Wide by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker's stock worth $635,000 after buying an additional 1,035 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Wolverine World Wide during the fourth quarter valued at approximately $25,000. Institutional investors own 90.25% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WWW. Telsey Advisory Group restated a "market perform" rating and set a $23.00 target price on shares of Wolverine World Wide in a report on Wednesday, February 19th. Piper Sandler reduced their target price on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. UBS Group reduced 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 report on Thursday, February 20th. StockNews.com lowered Wolverine World Wide from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus lowered 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 research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.25.

Wolverine World Wide Stock Performance

Shares of NYSE:WWW traded up $0.06 during midday trading on Thursday, hitting $10.60. The company had a trading volume of 256,034 shares, compared to its average volume of 1,288,275. The company has a market cap of $858.97 million, a price-to-earnings ratio of 19.36 and a beta of 1.74. 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 has a fifty day moving average of $14.20 and a two-hundred day moving average of $18.56. Wolverine World Wide, Inc. has a 12-month low of $9.35 and a 12-month high of $24.64.

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 analysts' consensus estimates of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The company had revenue of $494.70 million during the quarter, compared to the consensus estimate of $485.74 million. During the same period in the previous year, the company posted ($0.30) EPS. The firm's revenue was down 6.1% on a year-over-year basis. On average, equities research analysts expect that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 3.77%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide's dividend payout ratio (DPR) is 72.73%.

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.