Smartleaf Asset Management LLC Acquires 4,384 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Smartleaf Asset Management LLC raised its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 375.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,552 shares of the textile maker’s stock after purchasing an additional 4,384 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Wolverine World Wide were worth $122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV increased its stake in Wolverine World Wide by 43.8% during the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock valued at $96,000 after purchasing an additional 1,311 shares in the last quarter. GAMMA Investing LLC increased its stake in Wolverine World Wide by 12.5% during 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Wolverine World Wide during the 3rd quarter valued at $113,000. Savant Capital LLC bought a new stake in Wolverine World Wide during the 4th quarter valued at $205,000. Finally, Ieq Capital LLC bought a new stake in Wolverine World Wide during the 4th quarter valued at $234,000. Institutional investors own 90.25% of the company’s stock.

Analyst Upgrades and Downgrades

WWW has been the topic of a number of analyst reports. 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 report on Thursday, February 20th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of Wolverine World Wide in a report on Wednesday, February 19th. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Robert W. Baird cut their price objective on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Finally, Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $14.07 on Friday. The company’s 50-day moving average is $20.08 and its 200 day moving average is $18.91. 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 company has a market capitalization of $1.13 billion, a P/E ratio of 25.57 and a beta of 1.88. Wolverine World Wide, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $24.64.

Wolverine World Wide (NYSE:WWW) last issued its quarterly 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. 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 net margin of 2.73% and a return on equity of 26.81%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.30) EPS. On average, equities research analysts forecast that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.84%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.

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.