Deutsche Bank AG Acquires 22,907 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Deutsche Bank AG grew its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 45.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 72,859 shares of the textile maker's stock after acquiring an additional 22,907 shares during the period. Deutsche Bank AG owned about 0.09% of Wolverine World Wide worth $1,617,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Driehaus Capital Management LLC raised its stake in shares of Wolverine World Wide by 135.5% during the fourth quarter. Driehaus Capital Management LLC now owns 593,693 shares of the textile maker's stock valued at $13,180,000 after acquiring an additional 341,601 shares during the last quarter. Brevan Howard Capital Management LP grew its holdings in Wolverine World Wide by 207.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 36,623 shares of the textile maker's stock worth $813,000 after purchasing an additional 24,700 shares during the period. Captrust Financial Advisors grew its holdings in Wolverine World Wide by 6.6% in the fourth quarter. Captrust Financial Advisors now owns 26,834 shares of the textile maker's stock worth $596,000 after purchasing an additional 1,667 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Wolverine World Wide by 19.7% during the fourth quarter. Ameriprise Financial Inc. now owns 356,685 shares of the textile maker's stock valued at $7,918,000 after buying an additional 58,664 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of Wolverine World Wide during the fourth quarter valued at about $2,278,000. Institutional investors own 90.25% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WWW shares. Wall Street Zen cut shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Argus upgraded 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 report on Friday, May 16th. Telsey Advisory Group reiterated a "market perform" rating and set a $17.00 price objective on shares of Wolverine World Wide in a report on Friday, May 9th. Baird R W upgraded shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, UBS Group lifted their price objective on shares of Wolverine World Wide from $18.00 to $22.00 and gave the company a "buy" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.75.

Wolverine World Wide Stock Up 6.3%

Wolverine World Wide stock traded up $1.03 during midday trading on Tuesday, hitting $17.39. 1,522,367 shares of the stock were exchanged, compared to its average volume of 1,350,604. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 31.61 and a beta of 1.62. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. 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 price is $13.67 and its 200-day moving average price is $18.16.

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

Wolverine World Wide Announces Dividend

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 $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio is 45.98%.

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.