Zurcher Kantonalbank Zurich Cantonalbank Has $159,000 Position in Wolverine World Wide, Inc. (NYSE:WWW)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,873 shares of the textile maker’s stock after acquiring an additional 2,390 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wolverine World Wide were worth $159,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Callodine Capital Management LP bought a new stake in Wolverine World Wide in the third quarter worth $8,060,000. Wolverine Asset Management LLC increased its holdings in shares of Wolverine World Wide by 493.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 193,757 shares of the textile maker’s stock valued at $1,562,000 after acquiring an additional 161,109 shares during the last quarter. Invesco Ltd. raised its stake in shares of Wolverine World Wide by 21.7% in the 3rd quarter. Invesco Ltd. now owns 799,375 shares of the textile maker’s stock valued at $6,443,000 after acquiring an additional 142,646 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Wolverine World Wide by 18.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,668,623 shares of the textile maker’s stock worth $13,449,000 after purchasing an additional 255,872 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Wolverine World Wide during the fourth quarter worth approximately $172,000. 90.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WWW. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price objective on shares of Wolverine World Wide in a research note on Wednesday. Seaport Res Ptn upgraded Wolverine World Wide from a “neutral” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Wolverine World Wide has a consensus rating of “Hold” and a consensus target price of $10.63.

Wolverine World Wide Price Performance

Shares of Wolverine World Wide stock opened at $12.73 on Thursday. The firm has a market cap of $1.02 billion, a P/E ratio of -24.96 and a beta of 1.73. The firm’s 50-day simple moving average is $10.26 and its 200-day simple moving average is $9.27. Wolverine World Wide, Inc. has a twelve month low of $7.21 and a twelve month high of $17.85. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 1.18.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, February 21st. The textile maker reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.03). The company had revenue of $526.70 million during the quarter, compared to the consensus estimate of $520.12 million. Wolverine World Wide had a negative net margin of 1.77% and a positive return on equity of 1.45%. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.15) earnings per share. As a group, research analysts expect that Wolverine World Wide, Inc. will post 0.77 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, July 1st. Wolverine World Wide’s payout ratio is -78.43%.

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.