Harvest Investment Services LLC Purchases Shares of 33,098 Wolverine World Wide, Inc. (NYSE:WWW)

Harvest Investment Services LLC acquired a new stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,098 shares of the textile maker's stock, valued at approximately $735,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Wolverine World Wide by 12.5% in the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker's stock valued at $112,000 after purchasing an additional 563 shares during the period. HighTower Advisors LLC boosted its stake in Wolverine World Wide by 5.2% during the fourth quarter. HighTower Advisors LLC now owns 11,526 shares of the textile maker's stock worth $256,000 after buying an additional 574 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of 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 purchasing an additional 581 shares during the period. Signaturefd LLC increased its stake in Wolverine World Wide by 88.8% during the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock worth $32,000 after acquiring an additional 682 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Wolverine World Wide by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 28,608 shares of the textile maker's stock worth $635,000 after acquiring an additional 1,035 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Stock Up 0.8 %

Shares of NYSE:WWW traded up $0.10 during midday trading on Monday, reaching $12.82. The company had a trading volume of 246,191 shares, compared to its average volume of 1,309,800. 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 current ratio of 1.29 and a quick ratio of 0.77. The stock has a market capitalization of $1.04 billion, a P/E ratio of 23.27 and a beta of 1.74. The stock's fifty day moving average price is $13.18 and its 200-day moving average price is $18.32.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The firm's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide's dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analysts Forecast Growth

WWW has been the topic of several recent research reports. Piper Sandler cut their price target on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Robert W. Baird raised Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $15.00 price objective for the company in a research report on Monday, April 21st. StockNews.com cut Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. UBS Group upped their target price on shares of Wolverine World Wide from $17.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Finally, Baird R W upgraded shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.88.

Wolverine World Wide Company 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.