Dynamic Technology Lab Private Ltd Acquires New Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Dynamic Technology Lab Private Ltd bought a new position in Wolverine World Wide, Inc. (NYSE:WWW) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,114 shares of the textile maker’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its position 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 valued at $112,000 after purchasing an additional 563 shares during the period. HighTower Advisors LLC lifted its stake in Wolverine World Wide by 5.2% in the fourth quarter. HighTower Advisors LLC now owns 11,526 shares of the textile maker’s stock valued at $256,000 after buying an additional 574 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Wolverine World Wide by 88.8% in the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock valued at $32,000 after buying an additional 682 shares during the period. Natixis Advisors LLC increased its position in shares of Wolverine World Wide by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker’s stock worth $635,000 after acquiring an additional 1,035 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Wolverine World Wide during the fourth quarter worth $25,000. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Stock Down 0.6 %

NYSE:WWW opened at $11.08 on Friday. Wolverine World Wide, Inc. has a twelve month low of $9.07 and a twelve month high of $24.64. The firm has a market capitalization of $897.46 million, a price-to-earnings ratio of 20.14 and a beta of 1.74. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. The stock’s 50 day moving average price is $14.84 and its two-hundred day moving average price is $18.71.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The business had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $485.74 million. During the same period last year, the business earned ($0.30) earnings per share. The firm’s revenue was down 6.1% on a year-over-year basis. Equities research analysts expect that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The company 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. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.61%. Wolverine World Wide’s payout ratio is 72.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WWW. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, February 19th. Piper Sandler dropped their target price on Wolverine World Wide from $27.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday. Robert W. Baird reduced their price target on 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. Finally, Stifel Nicolaus lowered their price objective on shares of Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.25.

About Wolverine World Wide

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.