Tudor Investment Corp ET AL Has $1.08 Million Stake in Wolverine World Wide, Inc. (NYSE:WWW)

Tudor Investment Corp ET AL trimmed its position in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 82.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,772 shares of the textile maker's stock after selling 232,651 shares during the period. Tudor Investment Corp ET AL owned approximately 0.06% of Wolverine World Wide worth $1,083,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Wolverine World Wide during the 4th quarter valued at approximately $25,000. Signaturefd LLC increased its position in shares of 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 in the last quarter. Natixis acquired a new stake in Wolverine World Wide in the 4th quarter valued at about $41,000. KBC Group NV increased its holdings in Wolverine World Wide by 43.8% during the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker's stock valued at $96,000 after acquiring an additional 1,311 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

Wolverine World Wide Stock Up 6.5%

NYSE:WWW traded up $1.00 during trading hours on Monday, reaching $16.29. The company's stock had a trading volume of 344,229 shares, compared to its average volume of 1,331,263. 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 company has a market cap of $1.32 billion, a price-to-earnings ratio of 29.69 and a beta of 1.62. The business's 50-day moving average is $13.01 and its 200-day moving average is $18.17. Wolverine World Wide, Inc. has a one year low of $9.58 and a one year high of $24.64.

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

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio (DPR) is presently 45.98%.

Analysts Set New Price Targets

A number of research analysts have issued reports on WWW shares. Robert W. Baird upped their target price on shares of Wolverine World Wide from $15.00 to $20.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. UBS Group raised their price objective on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Friday. Piper Sandler lowered their target price on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $17.00 price objective on shares of Wolverine World Wide in a report on Friday. Finally, Baird R W upgraded shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.71.

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.