Barclays PLC Sells 98,915 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Barclays PLC decreased its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 39.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,915 shares of the textile maker's stock after selling 98,915 shares during the quarter. Barclays PLC owned about 0.19% of Wolverine World Wide worth $3,372,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WWW. FMR LLC grew its holdings in Wolverine World Wide by 2.2% in the 4th quarter. FMR LLC now owns 11,766,527 shares of the textile maker's stock valued at $261,217,000 after buying an additional 249,456 shares during the period. Pacer Advisors Inc. purchased a new position in shares of Wolverine World Wide in the 4th quarter worth $64,943,000. JPMorgan Chase & Co. boosted its position in Wolverine World Wide by 70.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker's stock worth $53,854,000 after purchasing an additional 998,916 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Wolverine World Wide by 5.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker's stock valued at $37,091,000 after purchasing an additional 86,475 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Wolverine World Wide by 32.4% in the fourth quarter. Federated Hermes Inc. now owns 718,567 shares of the textile maker's stock valued at $15,952,000 after purchasing an additional 175,969 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WWW shares. Piper Sandler lowered their price objective on shares of Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus lowered their target price on Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Baird R W upgraded Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Robert W. Baird upgraded shares of Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $15.00 price target for the company in a research note on Monday, April 21st. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $23.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.88.

Wolverine World Wide Stock Down 0.4 %

Shares of Wolverine World Wide stock traded down $0.05 during trading on Wednesday, hitting $13.06. 1,245,129 shares of the stock traded hands, compared to its average volume of 1,313,945. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. The company has a fifty day moving average price of $13.09 and a two-hundred day moving average price of $18.26. The stock has a market cap of $1.06 billion, a P/E ratio of 23.75 and a beta of 1.74. Wolverine World Wide, Inc. has a twelve month low of $9.58 and a twelve month high of $24.64.

Wolverine World Wide (NYSE:WWW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $494.70 million during the quarter, compared to analysts' expectations of $485.74 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The firm's revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.30) EPS. Equities research analysts predict that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.06%. Wolverine World Wide's dividend payout ratio (DPR) is 72.73%.

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.