Deutsche Bank AG Increases Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Deutsche Bank AG grew its position in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 45.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,859 shares of the textile maker's stock after buying an additional 22,907 shares during the quarter. Deutsche Bank AG owned 0.09% of Wolverine World Wide worth $1,617,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in shares of Wolverine World Wide by 767.1% during the 3rd quarter. Barclays PLC now owns 250,830 shares of the textile maker's stock worth $4,368,000 after purchasing an additional 221,904 shares during the last quarter. KBC Group NV lifted its stake in shares of Wolverine World Wide by 43.8% during the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker's stock worth $96,000 after purchasing an additional 1,311 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Wolverine World Wide during the 4th quarter valued at about $64,943,000. Savant Capital LLC acquired a new position in Wolverine World Wide during the 4th quarter valued at about $205,000. Finally, Legato Capital Management LLC acquired a new position in Wolverine World Wide during the 4th quarter valued at about $739,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on WWW shares. Baird R W raised Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. Stifel Nicolaus cut their price objective 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. Robert W. Baird increased their price objective on Wolverine World Wide from $15.00 to $20.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. UBS Group upped their target price on Wolverine World Wide from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Piper Sandler dropped their target price on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Wolverine World Wide currently has a consensus rating of "Moderate Buy" and an average price target of $19.75.

Wolverine World Wide Price Performance

Shares of NYSE:WWW traded down $0.17 during midday trading on Wednesday, reaching $17.28. 328,984 shares of the company's stock traded hands, compared to its average volume of 1,346,634. Wolverine World Wide, Inc. has a 1 year low of $9.58 and a 1 year high of $24.64. The company has a market cap of $1.40 billion, a P/E ratio of 31.36 and a beta of 1.62. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. The company has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $18.15.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $395.94 million. During the same quarter last year, the firm posted $0.11 EPS. The business's revenue was up 4.4% on a year-over-year basis. Equities analysts predict that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.32%. 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.