2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. lifted its position in Wolverine World Wide, Inc. ( NYSE:WWW – Free Report ) by 28.
3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 128,631 shares of the textile maker’s stock after buying an additional 28,372 shares during the quarter.
Russell Investments Group Ltd.’s holdings in Wolverine World Wide were worth $2,856,000 at the end of the most recent quarter. Other large investors have also made changes to their positions in the company.
HighTower Advisors LLC acquired a new stake in Wolverine World Wide during the 3rd quarter worth about $192,000. State Street Corp grew its position in Wolverine World Wide by 0.5% during the third quarter.
State Street Corp now owns 3,065,736 shares of the textile maker’s stock valued at $53,405,000 after purchasing an additional 16,228 shares in the last quarter. Barclays PLC lifted its position in Wolverine World Wide by 767.1% in the 3rd quarter.
Barclays PLC now owns 250,830 shares of the textile maker’s stock worth $4,368,000 after buying an additional 221,904 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Wolverine World Wide by 1.0% during the 3rd quarter.
Geode Capital Management LLC now owns 1,791,789 shares of the textile maker’s stock valued at $31,219,000 after buying an additional 17,400 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Wolverine World Wide during the 3rd quarter valued at $113,000. Institutional investors and hedge funds own 90.
25% of the company’s stock. Analysts Set New Price Targets WWW has been the topic of several research reports. Stifel Nicolaus dropped their target price on Wolverine World Wide from $27.
00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. UBS Group cut their price objective 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. Robert W.
Baird decreased their target price 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.
Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a report on Wednesday, February 19th. Finally, StockNews.
com cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Wolverine World Wide presently has a consensus rating of “Moderate Buy” and an average target price of $20.
25. Wolverine World Wide Stock Performance NYSE:WWW opened at $10.80 on Friday.
The firm has a market capitalization of $875.42 million, a PE ratio of 19.64 and a beta of 1.
74. Wolverine World Wide, Inc. has a 1 year low of $9.
36 and a 1 year high of $24.64. The company has a current ratio of 1.
29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79.
The firm’s fifty day simple moving average is $14.00 and its 200 day simple moving average is $18.51.
Wolverine World Wide ( NYSE:WWW – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.
42. The company had revenue of $494.70 million for the quarter, compared to the consensus estimate of $485.
74 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.
73%. The firm’s revenue was down 6.1% compared to the same quarter last year.
During the same period last year, the business posted ($0.30) earnings per share. On average, sell-side analysts anticipate that Wolverine World Wide, Inc.
will post 1.23 EPS for the current year. Wolverine World Wide Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st.
Shareholders of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.
40 annualized dividend and a yield of 3.70%. The ex-dividend date is Tuesday, April 1st.
Wolverine World Wide’s dividend payout ratio is currently 72.73%. Wolverine World Wide 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. Further Reading 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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