Proficio Capital Partners LLC Purchases Shares of 14,186 Wolverine World Wide, Inc. (NYSE:WWW)

Proficio Capital Partners LLC purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,186 shares of the textile maker’s stock, valued at approximately $315,000.

A number of other institutional investors have also recently bought and sold shares of the stock. GSA Capital Partners LLP increased its holdings in Wolverine World Wide by 33.9% during the third quarter. GSA Capital Partners LLP now owns 96,615 shares of the textile maker’s stock worth $1,683,000 after buying an additional 24,477 shares during the last quarter. Aigen Investment Management LP acquired a new position in Wolverine World Wide during the third quarter worth $195,000. Oppenheimer Asset Management Inc. increased its holdings in Wolverine World Wide by 5.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 145,860 shares of the textile maker’s stock worth $2,541,000 after buying an additional 7,577 shares during the last quarter. Natixis Advisors LLC increased its holdings in Wolverine World Wide by 20.5% during the third quarter. Natixis Advisors LLC now owns 27,573 shares of the textile maker’s stock worth $480,000 after buying an additional 4,694 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Wolverine World Wide during the third quarter worth $10,974,000. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $13.64 on Wednesday. The company’s 50-day moving average is $19.74 and its 200 day moving average is $19.01. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. The company has a market capitalization of $1.10 billion, a P/E ratio of 24.80 and a beta of 1.93. Wolverine World Wide, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $24.64.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data 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 return on equity of 26.81% and a net margin of 2.73%. The business had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $485.74 million. During the same period in the previous year, the business posted ($0.30) EPS. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s payout ratio is 72.73%.

Analyst Upgrades and Downgrades

WWW has been the topic of a number of recent analyst reports. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Robert W. Baird decreased their price objective on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Wolverine World Wide in a report on Wednesday, February 19th. Finally, UBS Group decreased their price objective on shares of Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.50.

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.