State of Wyoming Increases Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

State of Wyoming raised its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 178.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,947 shares of the textile maker’s stock after acquiring an additional 13,414 shares during the quarter. State of Wyoming’s holdings in Wolverine World Wide were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Wolverine World Wide by 2.2% in the fourth quarter. FMR LLC now owns 11,766,527 shares of the textile maker’s stock valued at $261,217,000 after purchasing an additional 249,456 shares during the last quarter. Earnest Partners LLC grew its holdings in Wolverine World Wide by 0.4% during the 4th quarter. Earnest Partners LLC now owns 5,228,918 shares of the textile maker’s stock valued at $116,082,000 after buying an additional 19,295 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Wolverine World Wide during the 4th quarter valued at $64,943,000. JPMorgan Chase & Co. increased its position in Wolverine World Wide by 70.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker’s stock worth $53,854,000 after buying an additional 998,916 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Wolverine World Wide by 5.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker’s stock worth $37,091,000 after acquiring an additional 86,475 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on WWW. Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 price objective on shares of Wolverine World Wide in a research note on Friday, May 9th. Stifel Nicolaus decreased their price target on shares of Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. UBS Group raised their target price on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Finally, Argus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.75.

Wolverine World Wide Trading Down 0.4%

Shares of WWW stock opened at $17.05 on Tuesday. The firm’s 50-day simple moving average is $13.35 and its 200-day simple moving average is $18.21. 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, Inc. has a 1-year low of $9.58 and a 1-year high of $24.64. The firm has a market cap of $1.38 billion, a P/E ratio of 31.00 and a beta of 1.62.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The company had revenue of $412.30 million for the quarter, compared to the consensus estimate of $395.94 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. Wolverine World Wide’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. As a group, equities analysts forecast that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide’s payout ratio is currently 45.98%.

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.