J.W. Cole Advisors Inc. Acquires 5,079 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

J.W. Cole Advisors Inc. increased its position in Wolverine World Wide, Inc. (NYSE:WWW) by 24.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,730 shares of the textile maker’s stock after buying an additional 5,079 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Wolverine World Wide were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Swiss National Bank lifted its position in Wolverine World Wide by 1.0% in the 3rd quarter. Swiss National Bank now owns 174,600 shares of the textile maker’s stock worth $1,407,000 after buying an additional 1,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Wolverine World Wide by 15.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,873 shares of the textile maker’s stock worth $159,000 after buying an additional 2,390 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Wolverine World Wide by 11.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 48,730 shares of the textile maker’s stock worth $393,000 after buying an additional 4,880 shares during the last quarter. Jump Financial LLC lifted its position in Wolverine World Wide by 30.0% in the 3rd quarter. Jump Financial LLC now owns 32,441 shares of the textile maker’s stock worth $261,000 after buying an additional 7,483 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in Wolverine World Wide in the 3rd quarter worth approximately $93,000. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Down 1.3 %

Shares of Wolverine World Wide stock opened at $10.48 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.18 and a debt-to-equity ratio of 2.02. The business’s 50 day simple moving average is $9.99 and its two-hundred day simple moving average is $9.06. Wolverine World Wide, Inc. has a one year low of $7.21 and a one year high of $17.85.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, February 21st. The textile maker reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.03). Wolverine World Wide had a positive return on equity of 1.45% and a negative net margin of 1.77%. The company had revenue of $526.70 million during the quarter, compared to analysts’ expectations of $520.12 million. During the same period last year, the firm earned ($0.15) earnings per share. Wolverine World Wide’s revenue for the quarter was down 20.8% on a year-over-year basis. Analysts anticipate that Wolverine World Wide, Inc. will post 0.77 EPS for the current year.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.82%. Wolverine World Wide’s dividend payout ratio (DPR) is presently -78.43%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $10.00 target price on shares of Wolverine World Wide in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.63.

Wolverine World Wide Company 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.