Ancora Advisors LLC Has $6.59 Million Position in Wolverine World Wide, Inc. (NYSE:WWW)

Ancora Advisors LLC raised its position in Wolverine World Wide, Inc. (NYSE:WWW) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 296,610 shares of the textile maker’s stock after purchasing an additional 2,700 shares during the period. Ancora Advisors LLC owned approximately 0.37% of Wolverine World Wide worth $6,585,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Wolverine World Wide by 12.5% during the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after acquiring an additional 563 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Wolverine World Wide by 5.2% during 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. Summit Investment Advisors Inc. lifted its holdings in shares of Wolverine World Wide by 7.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,305 shares of the textile maker’s stock valued at $184,000 after purchasing an additional 581 shares in the last quarter. Signaturefd LLC grew its position in shares of Wolverine World Wide by 88.8% in the 4th 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 period. Finally, Natixis Advisors LLC increased its stake in Wolverine World Wide by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker’s stock worth $635,000 after purchasing an additional 1,035 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Trading Up 6.8 %

Shares of NYSE:WWW opened at $14.05 on Friday. The company has a 50-day simple moving average of $12.98 and a 200 day simple moving average of $18.20. The company has a market capitalization of $1.14 billion, a P/E ratio of 25.55 and a beta of 1.74. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. Wolverine World Wide, Inc. has a 52-week low of $9.58 and a 52-week high of $24.64.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, hitting 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 business had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. During the same period in the previous year, the firm earned ($0.30) EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. Sell-side analysts forecast that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide’s payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

WWW has been the subject of several research analyst reports. Robert W. Baird upgraded shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Monday, April 21st. Baird R W upgraded Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, April 21st. Piper Sandler cut their price target on Wolverine World Wide from $27.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. UBS Group increased their price objective on Wolverine World Wide from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $17.00 target price on shares of Wolverine World Wide in a research note on Thursday. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.13.

Wolverine World Wide 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.