BNP Paribas Financial Markets Decreases Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

BNP Paribas Financial Markets lessened its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 67.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,446 shares of the textile maker's stock after selling 28,140 shares during the quarter. BNP Paribas Financial Markets' holdings in Wolverine World Wide were worth $299,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Wolverine World Wide by 2.2% during the 4th 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 lifted its position in shares of Wolverine World Wide by 0.4% in the fourth quarter. Earnest Partners LLC now owns 5,228,918 shares of the textile maker's stock worth $116,082,000 after buying an additional 19,295 shares in the last quarter. Pacer Advisors Inc. bought a new position in Wolverine World Wide during the fourth quarter valued at approximately $64,943,000. JPMorgan Chase & Co. grew its holdings 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 valued at $53,854,000 after buying an additional 998,916 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake 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 worth $37,091,000 after acquiring an additional 86,475 shares during the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Wolverine World Wide Trading Down 1.7%

Shares of NYSE WWW traded down $0.29 during mid-day trading on Friday, reaching $17.06. The company had a trading volume of 1,236,444 shares, compared to its average volume of 1,350,870. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 31.02 and a beta of 1.62. Wolverine World Wide, Inc. has a 52 week low of $9.58 and a 52 week high of $24.64. The business's 50-day moving average is $13.87 and its 200-day moving average is $18.11. 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 (NYSE:WWW - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.18 earnings per share (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 firm had revenue of $412.30 million during the quarter, compared to analyst estimates of $395.94 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. Wolverine World Wide's quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts expect that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be given a $0.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.34%. Wolverine World Wide's payout ratio is presently 45.98%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WWW shares. Baird R W upgraded Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. Argus raised shares of Wolverine World Wide from a "hold" rating to a "buy" rating and set a $20.00 price objective for the company in a research note on Friday, May 16th. UBS Group upped their target price on shares of Wolverine World Wide from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus lowered 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 report on Thursday, April 10th. Finally, Robert W. Baird lifted their price target on Wolverine World Wide from $15.00 to $20.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.75.

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.