UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 16,710 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its stake in shares of Wolverine World Wide by 2.2% during the fourth quarter. FMR LLC now owns 11,766,527 shares of the textile maker's stock valued at $261,217,000 after purchasing an additional 249,456 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Wolverine World Wide by 0.4% during the fourth quarter. Earnest Partners LLC now owns 5,228,918 shares of the textile maker's stock valued at $116,082,000 after purchasing an additional 19,295 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 valued at $53,854,000 after purchasing an additional 998,916 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 valued at $37,091,000 after purchasing an additional 86,475 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Wolverine World Wide by 11.4% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,107,721 shares of the textile maker's stock valued at $24,591,000 after purchasing an additional 113,238 shares in the last quarter. Institutional investors own 90.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WWW shares. Telsey Advisory Group reiterated a "market perform" rating and set a $17.00 price target on shares of Wolverine World Wide in a report on Friday, May 9th. UBS Group increased their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the company a "buy" rating in a report on Friday, May 9th. Wall Street Zen cut shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Stifel Nicolaus cut their price target on shares of 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 cut their price target on shares of Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a report 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.75.

Wolverine World Wide Stock Performance

WWW stock traded up $0.59 on Friday, hitting $17.81. The company had a trading volume of 1,213,440 shares, compared to its average volume of 1,360,306. Wolverine World Wide, Inc. has a 12-month low of $9.58 and a 12-month high of $24.64. 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's 50-day simple moving average is $14.22 and its 200 day simple moving average is $17.91. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 32.37 and a beta of 1.71.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its earnings results on Thursday, May 8th. The textile maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $412.30 million for the quarter, compared to analysts' expectations of $395.94 million. During the same quarter last year, the company posted $0.11 earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio is presently 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.