Oppenheimer Asset Management Inc. Lowers Stock Position in Wolverine World Wide, Inc. $WWW

Oppenheimer Asset Management Inc. lowered its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 58.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,442 shares of the textile maker’s stock after selling 88,014 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of Wolverine World Wide worth $1,686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WWW. Covestor Ltd boosted its stake in Wolverine World Wide by 16,025.0% in the third quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 1,282 shares during the last quarter. Hara Capital LLC bought a new position in Wolverine World Wide during the second quarter valued at $30,000. Canada Pension Plan Investment Board purchased a new stake in Wolverine World Wide in the second quarter worth $34,000. AlphaQuest LLC lifted its position in shares of Wolverine World Wide by 370.0% during the 3rd quarter. AlphaQuest LLC now owns 3,257 shares of the textile maker’s stock valued at $89,000 after buying an additional 2,564 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Wolverine World Wide during the 3rd quarter valued at $216,000. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Trading Down 0.6%

Wolverine World Wide stock opened at $17.62 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.79 and a current ratio of 1.34. Wolverine World Wide, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $32.80. The stock has a market cap of $1.44 billion, a P/E ratio of 16.94 and a beta of 1.91. The firm’s fifty day moving average price is $18.22 and its 200-day moving average price is $22.48.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio is 38.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of Wolverine World Wide from $35.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $18.00 price objective (down from $29.00) on shares of Wolverine World Wide in a report on Wednesday, November 5th. Argus reiterated a “hold” rating on shares of Wolverine World Wide in a research note on Friday, January 23rd. UBS Group dropped their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Wolverine World Wide in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.38.

Wolverine World Wide Profile

Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide’s offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.

Key brands in Wolverine World Wide’s portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort?oriented line; and Keds, a heritage sneaker label.