Wolverine World Wide, Inc. (NYSE:WWW) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 5.7% in the 4th quarter, HoldingsChannel reports. The fund owned 224,589 shares of the textile maker’s stock after selling 13,467 shares during the quarter. Rhumbline Advisers’ holdings in Wolverine World Wide were worth $4,986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in Wolverine World Wide in the 4th quarter valued at about $64,943,000. JPMorgan Chase & Co. grew its holdings in shares of Wolverine World Wide by 1,263.0% during the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock worth $24,857,000 after purchasing an additional 1,322,254 shares during the last quarter. Jennison Associates LLC purchased a new stake in Wolverine World Wide in the 3rd quarter valued at $10,974,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Wolverine World Wide by 51.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock worth $17,324,000 after buying an additional 335,669 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Wolverine World Wide by 767.1% during the third quarter. Barclays PLC now owns 250,830 shares of the textile maker’s stock worth $4,368,000 after purchasing an additional 221,904 shares during the period. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $14.77 on Friday. The stock has a market cap of $1.19 billion, a P/E ratio of 26.85 and a beta of 1.88. 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 firm’s 50-day simple moving average is $21.10 and its 200 day simple moving average is $18.85. Wolverine World Wide, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $24.64.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) 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 firm 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 company earned ($0.30) earnings per share. Wolverine World Wide’s revenue was down 6.1% compared to the same quarter last year. Equities analysts expect that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.71%. Wolverine World Wide’s dividend payout ratio is currently 72.73%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Robert W. Baird decreased their price target on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a research report on Wednesday, February 19th. UBS Group reduced their price target on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.50.

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.