Tudor Investment Corp ET AL Sells 232,651 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Tudor Investment Corp ET AL reduced its stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 82.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Wolverine World Wide in 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 acquiring an additional 682 shares during the last quarter. Natixis bought a new position in Wolverine World Wide in the fourth quarter valued at $41,000. KBC Group NV raised 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 valued at $96,000 after purchasing an additional 1,311 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 563 shares in the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WWW. Piper Sandler dropped their target price on Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Telsey Advisory Group reissued a "market perform" rating and issued a $17.00 price target on shares of Wolverine World Wide in a research note on Friday. Stifel Nicolaus reduced their price objective on Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Robert W. Baird boosted their target price on Wolverine World Wide from $15.00 to $20.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, UBS Group raised their price target on Wolverine World Wide from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $19.71.

Wolverine World Wide Trading Down 6.3 %

Shares of WWW traded down $1.03 during mid-day trading on Friday, hitting $15.29. 2,409,373 shares of the company's stock traded hands, compared to its average volume of 1,334,682. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $1.24 billion, a P/E ratio of 27.80 and a beta of 1.62. The business's 50-day moving average price is $13.01 and its 200-day moving average price is $18.15. Wolverine World Wide, Inc. has a 1 year low of $9.58 and a 1 year high of $24.64.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. The business had revenue of $412.30 million during the quarter, compared to analyst estimates of $395.94 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. As a group, sell-side analysts forecast that Wolverine World Wide, Inc. 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. Stockholders of record on Tuesday, July 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio is currently 72.73%.

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.