Savant Capital LLC Purchases New Stake in Wolverine World Wide, Inc. (NYSE:WWW)

Savant Capital LLC purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,219 shares of the textile maker’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV boosted its holdings 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 worth $96,000 after buying an additional 1,311 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Wolverine World Wide by 12.5% during the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after buying an additional 563 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Wolverine World Wide during the third quarter worth about $113,000. CWM LLC boosted its holdings in Wolverine World Wide by 237.0% during the third quarter. CWM LLC now owns 8,843 shares of the textile maker’s stock worth $154,000 after buying an additional 6,219 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in Wolverine World Wide during the third quarter worth about $192,000. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Down 17.0 %

Shares of Wolverine World Wide stock opened at $15.55 on Thursday. The business’s 50 day simple moving average is $22.05 and its 200 day simple moving average is $18.80. Wolverine World Wide, Inc. has a 52-week low of $8.25 and a 52-week high of $24.64. The firm has a market cap of $1.24 billion, a PE ratio of -17.47 and a beta of 1.88. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Wolverine World Wide had a positive return on equity of 6.37% and a negative net margin of 3.80%. The business had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. During the same quarter last year, the firm earned ($0.30) EPS. Wolverine World Wide’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts predict that Wolverine World Wide, Inc. will post 0.9 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is presently -44.94%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and raised their target price for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a research report on Wednesday. Finally, StockNews.com lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.38.

Insider Activity at Wolverine World Wide

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.57, for a total value of $181,182.59. Following the completion of the transaction, the insider now directly owns 34,206 shares in the company, valued at $806,235.42. This trade represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.28% of the stock is owned by insiders.

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.