Mackenzie Financial Corp Buys 11,524 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Mackenzie Financial Corp raised its stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 28.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,140 shares of the textile maker's stock after purchasing an additional 11,524 shares during the quarter. Mackenzie Financial Corp owned approximately 0.06% of Wolverine World Wide worth $725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in Wolverine World Wide by 2.2% during the fourth quarter. FMR LLC now owns 11,766,527 shares of the textile maker's stock worth $261,217,000 after purchasing an additional 249,456 shares during the period. Earnest Partners LLC boosted its stake in shares of Wolverine World Wide by 0.4% during the 4th quarter. Earnest Partners LLC now owns 5,228,918 shares of the textile maker's stock worth $116,082,000 after acquiring an additional 19,295 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Wolverine World Wide by 11.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,107,721 shares of the textile maker's stock worth $24,591,000 after acquiring an additional 113,238 shares during the period. Northern Trust Corp increased its holdings in shares of Wolverine World Wide by 12.4% during the 4th quarter. Northern Trust Corp now owns 1,005,835 shares of the textile maker's stock worth $22,330,000 after acquiring an additional 111,151 shares during the last quarter. Finally, Manning & Napier Advisors LLC raised its stake in Wolverine World Wide by 64.6% in the 1st quarter. Manning & Napier Advisors LLC now owns 800,000 shares of the textile maker's stock valued at $11,128,000 after acquiring an additional 313,997 shares during the period. Institutional investors own 90.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WWW shares. Piper Sandler restated an "overweight" rating and set a $25.00 price objective (up previously from $20.00) on shares of Wolverine World Wide in a report on Tuesday. KeyCorp reiterated an "overweight" rating and set a $32.00 price objective (up previously from $25.00) on shares of Wolverine World Wide in a research report on Thursday. UBS Group boosted their target price on shares of Wolverine World Wide from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday. Baird R W raised shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. Finally, 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 research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $25.38.

Wolverine World Wide Stock Down 1.0%

Shares of NYSE:WWW traded down $0.27 during trading on Friday, reaching $27.48. 3,338,141 shares of the stock were exchanged, compared to its average volume of 1,535,321. Wolverine World Wide, Inc. has a 1-year low of $9.58 and a 1-year high of $28.57. The stock has a fifty day moving average of $20.05 and a two-hundred day moving average of $17.12. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.24 and a quick ratio of 0.77. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 26.94 and a beta of 1.74.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The textile maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.12. The business had revenue of $474.20 million for the quarter, compared to analysts' expectations of $447.82 million. Wolverine World Wide had a net margin of 4.73% and a return on equity of 31.99%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS. Research analysts anticipate that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, October 1st. Wolverine World Wide's dividend payout ratio (DPR) is 39.22%.

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.