Hussman Strategic Advisors Inc. Makes New Investment in Wolverine World Wide, Inc. (NYSE:WWW)

Hussman Strategic Advisors Inc. acquired a new position in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 126,000 shares of the textile maker's stock, valued at approximately $1,753,000. Hussman Strategic Advisors Inc. owned about 0.16% of Wolverine World Wide at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in shares of Wolverine World Wide by 5.2% during the 4th quarter. HighTower Advisors LLC now owns 11,526 shares of the textile maker's stock worth $256,000 after purchasing an additional 574 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Wolverine World Wide by 7.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,305 shares of the textile maker's stock valued at $184,000 after acquiring an additional 581 shares during the last quarter. Signaturefd LLC lifted its holdings in Wolverine World Wide by 88.8% in the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock valued at $32,000 after acquiring an additional 682 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Wolverine World Wide by 3.8% in the fourth quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker's stock valued at $635,000 after acquiring an additional 1,035 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Wolverine World Wide by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,159 shares of the textile maker's stock valued at $1,003,000 after acquiring an additional 1,495 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group upped their price objective on Wolverine World Wide from $18.00 to $22.00 and gave the company a "buy" rating in a report on Friday, May 9th. Baird R W upgraded Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Argus upgraded Wolverine World Wide from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock in a report on Friday, May 16th. Stifel Nicolaus decreased 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. Finally, Piper Sandler decreased their price target on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.75.

Wolverine World Wide Trading Up 0.2%

NYSE:WWW traded up $0.05 during trading hours on Friday, reaching $20.41. 1,467,883 shares of the stock were exchanged, compared to its average volume of 1,350,396. Wolverine World Wide, Inc. has a twelve month low of $9.58 and a twelve month high of $24.64. The business has a 50-day moving average of $18.00 and a two-hundred day moving average of $17.02. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 23.46 and a beta of 1.70.

Wolverine World Wide (NYSE:WWW - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.07. Wolverine World Wide had a return on equity of 28.74% and a net margin of 4.15%. The business had revenue of $412.30 million for the quarter, compared to analyst estimates of $395.94 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that Wolverine World Wide, Inc. will post 1.23 EPS 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. Stockholders 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 dividend yield of 1.96%. The ex-dividend date is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio is currently 45.98%.

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.