UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.46 Million Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,818 shares of the textile maker's stock after purchasing an additional 16,710 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Wolverine World Wide worth $4,458,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WWW. HighTower Advisors LLC lifted 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 acquiring an additional 574 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Wolverine World Wide by 7.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,305 shares of the textile maker's stock valued at $184,000 after purchasing an additional 581 shares during the period. Signaturefd LLC raised its stake in shares of Wolverine World Wide by 88.8% during the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock valued at $32,000 after purchasing an additional 682 shares during the period. Natixis Advisors LLC increased its stake in shares of Wolverine World Wide by 3.8% in the fourth quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker's stock worth $635,000 after buying an additional 1,035 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Wolverine World Wide in the fourth quarter worth $25,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Wolverine World Wide Stock Performance

Shares of WWW traded up $0.58 during mid-day trading on Thursday, hitting $17.23. The company's stock had a trading volume of 1,095,182 shares, compared to its average volume of 1,354,801. Wolverine World Wide, Inc. has a one year low of $9.58 and a one year high of $24.64. 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 firm has a market capitalization of $1.40 billion, a PE ratio of 31.32 and a beta of 1.62. The stock's 50-day moving average is $14.08 and its two-hundred day moving average is $17.97.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its earnings results 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 firm had revenue of $412.30 million during the quarter, compared to analysts' expectations of $395.94 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. Wolverine World Wide's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. As a group, sell-side analysts anticipate 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. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.32%. Wolverine World Wide's payout ratio is presently 45.98%.

Analyst Ratings Changes

WWW has been the subject of several recent research reports. Argus upgraded shares of Wolverine World Wide from a "hold" rating to a "buy" rating and set a $20.00 target price for the company in a research note on Friday, May 16th. Telsey Advisory Group reissued a "market perform" rating and issued a $17.00 price target on shares of Wolverine World Wide in a report on Friday, May 9th. Wall Street Zen lowered shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. UBS Group increased their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Robert W. Baird increased their price target on shares of Wolverine World Wide from $15.00 to $20.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average 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.