Victory Capital Management Inc. Buys 181,935 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Victory Capital Management Inc. grew its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 240.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,734 shares of the textile maker’s stock after purchasing an additional 181,935 shares during the period. Victory Capital Management Inc. owned approximately 0.32% of Wolverine World Wide worth $5,722,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Pacer Advisors Inc. bought a new stake in Wolverine World Wide during the fourth quarter worth about $64,943,000. JPMorgan Chase & Co. boosted its stake in Wolverine World Wide by 1,263.0% during the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock worth $24,857,000 after acquiring an additional 1,322,254 shares in the last quarter. Jennison Associates LLC bought a new stake in Wolverine World Wide during the third quarter worth about $10,974,000. Jacobs Levy Equity Management Inc. boosted its stake in Wolverine World Wide by 51.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock worth $17,324,000 after acquiring an additional 335,669 shares in the last quarter. Finally, Barclays PLC boosted its stake in Wolverine World Wide by 767.1% during the third quarter. Barclays PLC now owns 250,830 shares of the textile maker’s stock worth $4,368,000 after acquiring an additional 221,904 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Trading Up 0.3 %

Shares of WWW opened at $13.33 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. Wolverine World Wide, Inc. has a 12-month low of $9.07 and a 12-month high of $24.64. The firm has a 50-day moving average price of $19.20 and a 200 day moving average price of $18.93. The firm has a market capitalization of $1.07 billion, a P/E ratio of 24.23 and a beta of 1.93.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. Wolverine World Wide’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.30) earnings per share. Sell-side analysts forecast that Wolverine World Wide, Inc. will post 1.23 EPS for the current 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 issued a $0.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 annualized dividend and a yield of 3.00%. Wolverine World Wide’s dividend payout ratio (DPR) is 72.73%.

Wall Street Analysts Forecast Growth

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