Wolverine World Wide, Inc. (NYSE:WWW) Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 13.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 698,904 shares of the textile maker's stock after buying an additional 83,970 shares during the period. Invesco Ltd. owned 0.87% of Wolverine World Wide worth $15,516,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WWW. SBI Securities Co. Ltd. purchased a new position in shares of Wolverine World Wide during the 4th quarter worth $25,000. Signaturefd LLC increased its stake in Wolverine World Wide by 88.8% in 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 last quarter. KBC Group NV lifted its position in Wolverine World Wide by 43.8% during the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker's stock worth $96,000 after buying an additional 1,311 shares during the period. GAMMA Investing LLC boosted its stake in Wolverine World Wide by 12.5% in the 4th quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker's stock worth $112,000 after buying an additional 563 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Wolverine World Wide in the 3rd quarter valued at about $113,000. Institutional investors and hedge funds own 90.25% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus cut their price objective 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. 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 research note on Friday, April 11th. StockNews.com cut shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $23.00 target price on shares of Wolverine World Wide in a research report on Wednesday, February 19th. Finally, UBS Group boosted their price target on Wolverine World Wide from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.88.

Wolverine World Wide Stock Down 1.7 %

NYSE:WWW traded down $0.22 during mid-day trading on Friday, hitting $12.66. The company had a trading volume of 192,344 shares, compared to its average volume of 1,305,615. Wolverine World Wide, Inc. has a 1 year low of $9.58 and a 1 year high of $24.64. The business has a fifty day simple moving average of $13.30 and a 200-day simple moving average of $18.33. 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 firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 23.05 and a beta of 1.74.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $494.70 million for the quarter, compared to the consensus estimate of $485.74 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The company's revenue was down 6.1% on a year-over-year basis. During the same period last year, the business posted ($0.30) EPS. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 3.16%. Wolverine World Wide's dividend payout ratio (DPR) is presently 72.73%.

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.