2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. increased its stake in shares of Wolverine World Wide, Inc. ( NYSE:WWW – Free Report ) by 70.
0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,425,858 shares of the textile maker’s stock after purchasing an additional 998,916 shares during the period. JPMorgan Chase & Co.
owned approximately 3.03% of Wolverine World Wide worth $53,854,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WWW.
Prudential Financial Inc. raised its stake in Wolverine World Wide by 16.5% during the 4th quarter.
Prudential Financial Inc. now owns 521,935 shares of the textile maker’s stock valued at $11,587,000 after buying an additional 74,090 shares during the last quarter. LPL Financial LLC purchased a new stake in Wolverine World Wide during the fourth quarter valued at $378,000.
KLP Kapitalforvaltning AS purchased a new stake in Wolverine World Wide during the fourth quarter valued at $355,000. AXQ Capital LP bought a new position in Wolverine World Wide in the fourth quarter valued at about $310,000. Finally, Hillsdale Investment Management Inc.
purchased a new position in Wolverine World Wide in the fourth quarter worth about $4,317,000. Institutional investors own 90.25% of the company’s stock.
Analyst Upgrades and Downgrades Several equities research analysts have recently commented on WWW shares. Robert W. Baird reduced 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 report on Thursday, February 20th. StockNews.
com cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Stifel Nicolaus upgraded shares of 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 note on Wednesday, December 11th. UBS Group reduced their price objective on 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. Finally, Telsey Advisory Group reiterated 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.
Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.
50. Wolverine World Wide Trading Up 5.5 % Shares of WWW stock opened at $11.
73 on Friday. 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 fifty day simple moving average of $16.
47 and a two-hundred day simple moving average of $18.94. The firm has a market capitalization of $950.
70 million, a PE ratio of 21.33 and a beta of 1.93.
Wolverine World Wide, Inc. has a 52-week low of $9.07 and a 52-week high of $24.
64. Wolverine World Wide ( NYSE:WWW – Get Free Report ) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.
42 earnings per share (EPS) 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 firm had revenue of $494.
70 million during the quarter, compared to analysts’ expectations of $485.74 million. During the same quarter last year, the business posted ($0.
30) earnings per share. The firm’s revenue was down 6.1% on a year-over-year basis.
On average, analysts predict that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.
Wolverine World Wide Dividend Announcement 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 annualized dividend and a dividend yield of 3.41%.
The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.
Wolverine World Wide Company Profile ( 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.
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