Caxton Associates LP Sells 45,583 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Caxton Associates LP reduced its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 45.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,308 shares of the textile maker's stock after selling 45,583 shares during the quarter. Caxton Associates LP owned 0.07% of Wolverine World Wide worth $1,228,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in shares of Wolverine World Wide by 19.7% during the 4th quarter. Ameriprise Financial Inc. now owns 356,685 shares of the textile maker's stock valued at $7,918,000 after purchasing an additional 58,664 shares during the last quarter. Algert Global LLC bought a new position in shares of Wolverine World Wide in the 4th quarter valued at $2,278,000. Ancora Advisors LLC boosted its holdings in shares of Wolverine World Wide by 0.9% during the 4th quarter. Ancora Advisors LLC now owns 296,610 shares of the textile maker's stock valued at $6,585,000 after acquiring an additional 2,700 shares in the last quarter. Aristeia Capital L.L.C. grew its position in Wolverine World Wide by 48.0% during the 4th quarter. Aristeia Capital L.L.C. now owns 24,800 shares of the textile maker's stock worth $551,000 after acquiring an additional 8,043 shares during the last quarter. Finally, 4WEALTH Advisors Inc. bought a new position in Wolverine World Wide in the fourth quarter valued at about $731,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WWW shares. StockNews.com downgraded Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. UBS Group lifted their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Friday. Telsey Advisory Group reaffirmed a "market perform" rating and set a $17.00 target price on shares of Wolverine World Wide in a report on Friday. Baird R W upgraded Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Stifel Nicolaus reduced their target price on Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Three equities research 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.71.

Wolverine World Wide Stock Down 6.3 %

Shares of WWW traded down $1.03 during trading hours 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 company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm has a 50-day simple moving average of $13.01 and a 200 day simple moving average of $18.15. 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 capitalization of $1.24 billion, a price-to-earnings ratio of 27.80 and a beta of 1.62.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.18 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $412.30 million during the quarter, compared to analyst estimates of $395.94 million. During the same period in the prior year, the firm posted $0.11 EPS. Wolverine World Wide's quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm 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 $0.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.62%. Wolverine World Wide's dividend payout ratio is currently 72.73%.

Wolverine World Wide 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.