Northern Trust Corp Purchases 111,151 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Northern Trust Corp grew its position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 12.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,005,835 shares of the textile maker's stock after acquiring an additional 111,151 shares during the period. Northern Trust Corp owned about 1.26% of Wolverine World Wide worth $22,330,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its stake in Wolverine World Wide by 2.2% in the fourth quarter. FMR LLC now owns 11,766,527 shares of the textile maker's stock worth $261,217,000 after purchasing an additional 249,456 shares during the period. Earnest Partners LLC boosted its holdings 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 valued at $116,082,000 after buying an additional 19,295 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Wolverine World Wide in the 4th quarter worth about $64,943,000. JPMorgan Chase & Co. increased its stake in shares of Wolverine World Wide by 70.0% in the 4th 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Wolverine World Wide by 5.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker's stock valued at $37,091,000 after acquiring an additional 86,475 shares during the period. Institutional investors own 90.25% of the company's stock.

Wolverine World Wide Price Performance

Wolverine World Wide stock traded up $0.75 during midday trading on Friday, reaching $17.18. 1,550,210 shares of the stock traded hands, compared to its average volume of 1,342,905. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. Wolverine World Wide, Inc. has a 12 month low of $9.58 and a 12 month high of $24.64. The stock's fifty day moving average is $13.21 and its 200-day moving average is $18.15. The stock has a market cap of $1.39 billion, a P/E ratio of 31.23 and a beta of 1.62.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its earnings results on Thursday, May 8th. The textile maker reported $0.18 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $412.30 million for the quarter, compared to analysts' expectations of $395.94 million. During the same period in the prior year, the company earned $0.11 EPS. The business's revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.33%. Wolverine World Wide's payout ratio is presently 45.98%.

Analysts Set New Price Targets

WWW has been the subject of several recent research reports. Telsey Advisory Group reiterated a "market perform" rating and set a $17.00 target price on shares of Wolverine World Wide in a report on Friday, May 9th. UBS Group boosted their target price on Wolverine World Wide from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Baird R W upgraded Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. StockNews.com lowered Wolverine World Wide from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Finally, Piper Sandler dropped 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. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wolverine World Wide has a consensus rating of "Moderate Buy" and a consensus target price 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.