Wolverine World Wide Sees Unusually High Options Volume (NYSE:WWW)

Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) saw unusually large options trading on Monday. Stock traders purchased 7,605 put options on the stock. This represents an increase of approximately 303% compared to the typical daily volume of 1,887 put options.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WWW. UBS Group upped their price objective on Wolverine World Wide from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Telsey Advisory Group reiterated a "market perform" rating and set a $17.00 price target on shares of Wolverine World Wide in a research report on Friday, May 9th. Stifel Nicolaus reduced their price objective on Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Baird R W raised Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Finally, Robert W. Baird lifted their price target on Wolverine World Wide from $15.00 to $20.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.75.

Institutional Investors Weigh In On Wolverine World Wide

A number of institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Wolverine World Wide in the 4th quarter valued at about $25,000. Signaturefd LLC raised its holdings 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 buying an additional 682 shares during the period. Natixis acquired a new position in Wolverine World Wide during the fourth quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Wolverine World Wide during the fourth quarter worth approximately $64,000. Finally, Smartleaf Asset Management LLC grew its stake in Wolverine World Wide by 375.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,552 shares of the textile maker's stock worth $122,000 after buying an additional 4,384 shares during the period. Hedge funds and other institutional investors own 90.25% of the company's stock.

Wolverine World Wide Trading Up 0.9%

Shares of Wolverine World Wide stock traded up $0.17 during trading hours on Thursday, reaching $17.60. 877,232 shares of the company's stock were exchanged, compared to its average volume of 1,370,989. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 16.92 and a beta of 1.71. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 1.76. Wolverine World Wide has a 52-week low of $9.58 and a 52-week high of $24.64. The company has a fifty day moving average of $15.24 and a 200-day moving average of $17.63.

Wolverine World Wide (NYSE:WWW - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The textile maker reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. Wolverine World Wide had a return on equity of 28.74% and a net margin of 4.15%. The company had revenue of $412.30 million during the quarter, compared to analysts' expectations of $395.94 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm's revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Wolverine World Wide will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Tuesday, July 1st. Wolverine World Wide's payout ratio is currently 45.98%.

About Wolverine World Wide

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.