2 weeks Ago By ABMN Staff
JPMorgan Chase & Co. raised its position in shares of Wolverine World Wide, Inc. ( NYSE:WWW – Free Report ) by 70.
0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,425,858 shares of the textile maker’s stock after purchasing an additional 998,916 shares during the quarter.
JPMorgan Chase & Co.’s holdings in Wolverine World Wide were worth $53,854,000 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.
SBI Securities Co. Ltd. purchased a new position in shares of Wolverine World Wide in the fourth quarter valued at $25,000.
Signaturefd LLC lifted its position in Wolverine World Wide by 88.8% during the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 682 shares during the last quarter.
KBC Group NV grew its stake in shares of Wolverine World Wide by 43.8% in the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock worth $96,000 after buying an additional 1,311 shares in the last quarter.
GAMMA Investing LLC increased its holdings 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 worth $112,000 after buying an additional 563 shares during the last quarter.
Finally, Smartleaf Asset Management LLC raised its position in shares of Wolverine World Wide by 375.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,552 shares of the textile maker’s stock valued at $122,000 after buying an additional 4,384 shares in the last quarter.
Institutional investors own 90.25% of the company’s stock. Analyst Ratings Changes Several research analysts recently commented on WWW shares.
Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th.
Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of Wolverine World Wide in a research report on Wednesday, February 19th. Robert W.
Baird decreased their price target on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th.
StockNews.com cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company.
According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.50.
Wolverine World Wide Trading Up 5.5 % NYSE WWW opened at $11.73 on Friday.
The stock has a market cap of $950.70 million, a PE ratio of 21.33 and a beta of 1.
93. Wolverine World Wide, Inc. has a 12 month low of $9.
07 and a 12 month high of $24.64. The company’s 50-day moving average price is $16.
47 and its 200-day moving average price is $18.94. The company has a current ratio of 1.
29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79.
Wolverine World Wide ( NYSE:WWW – Get Free Report ) last issued its 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 for the quarter, compared to analyst estimates of $485.
74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.
81%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year.
During the same period last year, the company posted ($0.30) earnings per share. Equities research analysts forecast that Wolverine World Wide, Inc.
will post 1.23 earnings per share for the current year. Wolverine World Wide Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st.
Stockholders of record on Tuesday, April 1st will be given a $0.10 dividend. The ex-dividend date is Tuesday, April 1st.
This represents a $0.40 annualized dividend and a dividend yield of 3.41%.
Wolverine World Wide’s payout ratio is presently 72.73%. About Wolverine World Wide ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding WWW? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Wolverine World Wide, Inc. ( NYSE:WWW – Free Report ). Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.
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