14,186 Shares in Wolverine World Wide, Inc. (NYSE:WWW) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,186 shares of the textile maker’s stock, valued at approximately $315,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC purchased a new stake in Wolverine World Wide during the 4th quarter valued at $205,000. Pacer Advisors Inc. purchased a new stake in Wolverine World Wide during the 4th quarter valued at $64,943,000. JPMorgan Chase & Co. boosted its stake in shares of Wolverine World Wide by 1,263.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock worth $24,857,000 after buying an additional 1,322,254 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of Wolverine World Wide by 338.6% in the third quarter. XTX Topco Ltd now owns 47,346 shares of the textile maker’s stock worth $825,000 after acquiring an additional 36,551 shares during the period. Finally, Victory Capital Management Inc. increased its position in Wolverine World Wide by 240.0% during the fourth quarter. Victory Capital Management Inc. now owns 257,734 shares of the textile maker’s stock valued at $5,722,000 after acquiring an additional 181,935 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Trading Up 0.8 %

Shares of WWW stock opened at $14.54 on Wednesday. The company has a market cap of $1.18 billion, a PE ratio of 26.44 and a beta of 1.93. The stock’s 50 day simple moving average is $17.97 and its two-hundred day simple moving average is $19.02. Wolverine World Wide, Inc. has a 1 year low of $9.07 and a 1 year high of $24.64. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.29 and a quick ratio of 0.77.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting 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 analysts’ expectations of $485.74 million. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Research analysts predict that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 annualized dividend and a yield of 2.75%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WWW shares. UBS Group cut their price target on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Telsey Advisory Group restated 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. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and upped their target price for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird dropped their target price on shares of 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. Four 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, Wolverine World Wide 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.