Wolverine World Wide, Inc. (NYSE:WWW) Shares Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP raised its position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 207.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,623 shares of the textile maker's stock after buying an additional 24,700 shares during the quarter. Brevan Howard Capital Management LP's holdings in Wolverine World Wide were worth $813,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Wolverine World Wide during the 4th quarter worth approximately $25,000. Signaturefd LLC grew 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 worth $32,000 after buying an additional 682 shares during the last quarter. Natixis purchased a new stake in Wolverine World Wide in the fourth quarter valued at about $41,000. KBC Group NV boosted 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 acquiring an additional 1,311 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Wolverine World Wide by 12.5% during the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker's stock worth $112,000 after acquiring an additional 563 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WWW has been the subject of a number of recent analyst reports. StockNews.com cut shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Stifel Nicolaus lowered 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 research note on Thursday, April 10th. UBS Group raised their target price on Wolverine World Wide from $18.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday. Piper Sandler cut their price objective on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Robert W. Baird lifted their target price on Wolverine World Wide from $15.00 to $20.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.71.

Wolverine World Wide Stock Performance

WWW traded down $1.03 on Friday, reaching $15.29. The stock had a trading volume of 2,409,373 shares, compared to its average volume of 1,334,682. The business's 50-day moving average price is $13.01 and its two-hundred day moving average price is $18.15. The company has a current ratio of 1.29, a quick ratio of 0.77 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. The company has a market cap of $1.24 billion, a P/E ratio of 27.80 and a beta of 1.62.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.18 earnings per share (EPS) 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 return on equity of 26.81% and a net margin of 2.73%. Wolverine World Wide's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. Sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio is presently 72.73%.

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.