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

Los Angeles Capital Management LLC acquired a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 80,226 shares of the textile maker’s stock, valued at approximately $1,781,000. Los Angeles Capital Management LLC owned 0.10% of Wolverine World Wide at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WWW. KBC Group NV boosted its holdings in shares of 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 purchasing an additional 1,311 shares during the period. GAMMA Investing LLC lifted its position in 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 buying an additional 563 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Wolverine World Wide during the 3rd quarter valued at $113,000. HighTower Advisors LLC purchased a new position in shares of Wolverine World Wide during the 3rd quarter valued at $192,000. Finally, Aigen Investment Management LP acquired a new position in shares of Wolverine World Wide in the third quarter worth $195,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

NYSE WWW opened at $14.80 on Friday. Wolverine World Wide, Inc. has a 1 year low of $9.06 and a 1 year high of $24.64. The company has a fifty day simple moving average of $20.94 and a 200 day simple moving average of $18.86. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a market cap of $1.19 billion, a P/E ratio of 26.91 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last released its quarterly 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. The company had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.30) earnings per share. On average, sell-side 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 Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.70%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is currently 72.73%.

Analysts Set New Price Targets

WWW has been the subject of a number of research reports. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, February 19th. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price target for the company from $21.00 to $29.00 in a research note on Wednesday, December 11th. UBS Group dropped their price objective on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. StockNews.com cut 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 price target 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.