Wolverine World Wide (NYSE:WWW) Trading Up 2.9%

Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) shares were up 2.9% during trading on Monday . The company traded as high as $9.40 and last traded at $9.38. Approximately 313,055 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 860,574 shares. The stock had previously closed at $9.12.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $10.00 price target on shares of Wolverine World Wide in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.63.

Wolverine World Wide Stock Up 1.8 %

The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 1.18. The stock has a market cap of $741.56 million, a P/E ratio of -18.20 and a beta of 1.75. The stock's fifty day simple moving average is $9.79 and its 200-day simple moving average is $8.96.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The textile maker reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.03). Wolverine World Wide had a positive return on equity of 1.45% and a negative net margin of 1.77%. The firm had revenue of $526.70 million for the quarter, compared to the consensus estimate of $520.12 million. During the same period last year, the company posted ($0.15) EPS. The business's revenue was down 20.8% on a year-over-year basis. As a group, research analysts forecast that Wolverine World Wide, Inc. will post 0.77 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Thursday, March 28th. Wolverine World Wide's dividend payout ratio (DPR) is presently -78.43%.

Institutional Trading of Wolverine World Wide

A number of institutional investors and hedge funds have recently made changes to their positions in WWW. GAMMA Investing LLC bought a new position in Wolverine World Wide in the 4th quarter valued at approximately $26,000. Quarry LP bought a new position in Wolverine World Wide in the 2nd quarter valued at approximately $43,000. Tower Research Capital LLC TRC lifted its stake in Wolverine World Wide by 126.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,969 shares of the textile maker's stock valued at $44,000 after purchasing an additional 1,657 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in Wolverine World Wide in the 3rd quarter valued at approximately $93,000. Finally, UBS Group AG lifted its stake in Wolverine World Wide by 114.9% in the 3rd quarter. UBS Group AG now owns 6,315 shares of the textile maker's stock valued at $97,000 after purchasing an additional 3,376 shares during the last quarter. Institutional investors own 90.25% of the company's stock.

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.