Wolverine World Wide, Inc. (NYSE:WWW) Position Trimmed by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 71.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,304 shares of the textile maker’s stock after selling 137,292 shares during the period. Marshall Wace LLP’s holdings in Wolverine World Wide were worth $1,228,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in shares of Wolverine World Wide during the fourth quarter worth about $25,000. Signaturefd LLC grew its position in shares of Wolverine World Wide by 88.8% during the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock worth $32,000 after acquiring an additional 682 shares during the last quarter. KBC Group NV lifted its holdings in Wolverine World Wide by 43.8% in the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,311 shares during the period. GAMMA Investing LLC lifted its holdings in Wolverine World Wide by 12.5% in the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after purchasing an additional 563 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Wolverine World Wide in the third quarter worth about $113,000. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Up 0.9 %

Shares of Wolverine World Wide stock opened at $13.10 on Wednesday. The stock’s fifty day moving average is $13.09 and its 200-day moving average is $18.26. The firm has a market capitalization of $1.06 billion, a PE ratio of 23.82 and a beta of 1.74. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. Wolverine World Wide, Inc. has a 12-month low of $9.58 and a 12-month high of $24.64.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. Wolverine World Wide’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) earnings per share. Equities analysts anticipate that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.05%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

WWW has been the subject of several research analyst reports. Robert W. Baird raised shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Monday, April 21st. Stifel Nicolaus reduced their price objective on shares of Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, April 10th. 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. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Baird R W upgraded shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 21st. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.88.

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.