Wolverine World Wide, Inc. (NYSE:WWW) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP raised its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 97.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,102 shares of the textile maker’s stock after acquiring an additional 10,927 shares during the period. Aigen Investment Management LP’s holdings in Wolverine World Wide were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Wolverine World Wide by 12.5% in the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock valued at $112,000 after acquiring an additional 563 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Wolverine World Wide in the fourth quarter valued at $25,000. Oppenheimer Asset Management Inc. boosted its stake in Wolverine World Wide by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 147,130 shares of the textile maker’s stock valued at $3,266,000 after acquiring an additional 1,270 shares in the last quarter. KBC Group NV boosted its stake 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 buying an additional 1,311 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of Wolverine World Wide by 5.0% during the third quarter. Intech Investment Management LLC now owns 39,412 shares of the textile maker’s stock worth $687,000 after buying an additional 1,866 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Trading Down 1.4 %

NYSE WWW opened at $14.07 on Friday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 25.57 and a beta of 1.88. Wolverine World Wide, Inc. has a 52-week low of $9.07 and a 52-week high of $24.64. The firm has a 50-day moving average price of $20.08 and a 200 day moving average price of $18.91. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79.

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

Wolverine World Wide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.84%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WWW shares. Telsey Advisory Group reiterated a “market perform” rating and set 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. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Robert W. Baird decreased their target price on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Finally, UBS Group decreased their target price on shares of Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company 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. According to MarketBeat.com, Wolverine World Wide presently has an average rating of “Moderate Buy” and an average target price of $21.50.

Wolverine World Wide Company 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.