Smartleaf Asset Management LLC Buys 4,384 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Smartleaf Asset Management LLC raised its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 375.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,552 shares of the textile maker’s stock after acquiring an additional 4,384 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Wolverine World Wide were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. KBC Group NV boosted its position in Wolverine World Wide by 43.8% during the 4th 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. GAMMA Investing LLC boosted its position in Wolverine World Wide by 12.5% during 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 during the period. Wilmington Savings Fund Society FSB acquired a new stake in Wolverine World Wide during the 3rd quarter worth approximately $113,000. HighTower Advisors LLC acquired a new stake in Wolverine World Wide during the 3rd quarter worth approximately $192,000. Finally, Aigen Investment Management LP acquired a new stake in Wolverine World Wide during the 3rd quarter worth approximately $195,000. Institutional investors own 90.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented 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 report on Wednesday, February 19th. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. 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 report on Thursday, February 20th. Finally, UBS Group dropped their price target on shares of Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating on the stock in a research report 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Wolverine World Wide Stock Performance

NYSE:WWW opened at $14.07 on Friday. The company has a fifty day moving average of $20.08 and a 200-day moving average of $18.91. The firm has a market capitalization of $1.13 billion, a P/E ratio of 25.57 and a beta of 1.88. 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, Inc. has a twelve month low of $9.07 and a twelve month high of $24.64.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting 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 for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.30) EPS. As a group, sell-side analysts anticipate that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.84%. Wolverine World Wide’s dividend payout ratio is currently 72.73%.

Wolverine World Wide 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.