Sherbrooke Park Advisers LLC Buys Shares of 17,315 Wolverine World Wide, Inc. (NYSE:WWW)

Sherbrooke Park Advisers LLC acquired a new stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,315 shares of the textile maker's stock, valued at approximately $384,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC raised its position in Wolverine World Wide by 2.2% during the 4th quarter. FMR LLC now owns 11,766,527 shares of the textile maker's stock worth $261,217,000 after buying an additional 249,456 shares during the last quarter. 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 in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Wolverine World Wide during the 4th quarter worth about $64,943,000. JPMorgan Chase & Co. raised its position in Wolverine World Wide by 70.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker's stock worth $53,854,000 after acquiring an additional 998,916 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Wolverine World Wide by 5.5% during the fourth 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 period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Stock Performance

Shares of Wolverine World Wide stock traded up $0.21 on Tuesday, hitting $17.28. The stock had a trading volume of 978,929 shares, compared to its average volume of 1,345,299. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 31.42 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 company's 50 day moving average price is $13.35 and its 200 day moving average price is $18.21.

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, beating analysts' consensus estimates of $0.11 by $0.07. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The firm had revenue of $412.30 million for the quarter, compared to analyst estimates of $395.94 million. During the same period last year, the firm posted $0.11 EPS. Wolverine World Wide's quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Wolverine World Wide, Inc. will post 1.23 EPS 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 issued a $0.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.31%. Wolverine World Wide's dividend payout ratio is currently 45.98%.

Analysts Set New Price Targets

Several brokerages recently commented on WWW. Robert W. Baird boosted 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. Argus raised shares of Wolverine World Wide from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research note on Friday. Piper Sandler cut their target price on shares of 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. Telsey Advisory Group reiterated a "market perform" rating and issued a $17.00 price objective on shares of Wolverine World Wide in a research note on Friday, May 9th. Finally, 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. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.