Wolverine World Wide, Inc. (NYSE:WWW) Stock Position Raised by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP increased its position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 207.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,623 shares of the textile maker's stock after acquiring an additional 24,700 shares during the period. Brevan Howard Capital Management LP's holdings in Wolverine World Wide were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WWW. SBI Securities Co. Ltd. purchased a new stake in shares of Wolverine World Wide in the 4th quarter worth about $25,000. Signaturefd LLC increased its stake in Wolverine World Wide by 88.8% during the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock valued at $32,000 after purchasing an additional 682 shares in the last quarter. Natixis bought a new stake in shares of Wolverine World Wide in the fourth quarter worth approximately $41,000. KBC Group NV grew its stake in shares of 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 acquiring an additional 1,311 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 563 shares during the last quarter. Institutional investors own 90.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WWW shares. Piper Sandler lowered their target price on shares of Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Baird R W raised shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Telsey Advisory Group restated a "market perform" rating and issued a $17.00 price target on shares of Wolverine World Wide in a report on Friday, May 9th. StockNews.com lowered shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus reduced their price target on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Wolverine World Wide currently has an average rating of "Moderate Buy" and an average target price of $19.71.

Wolverine World Wide Stock Performance

NYSE WWW traded down $0.20 on Wednesday, reaching $16.67. The stock had a trading volume of 704,722 shares, compared to its average volume of 1,336,629. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. Wolverine World Wide, Inc. has a 12-month low of $9.58 and a 12-month high of $24.64. The business's 50-day moving average price is $13.11 and its 200 day moving average price is $18.16. The stock has a market cap of $1.35 billion, a P/E ratio of 30.31 and a beta of 1.62.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.07. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The firm had revenue of $412.30 million during the quarter, compared to analysts' expectations of $395.94 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. Wolverine World Wide's revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts expect that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio is presently 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.