AXQ Capital LP Takes $310,000 Position in Wolverine World Wide, Inc. (NYSE:WWW)

AXQ Capital LP bought a new stake in Wolverine World Wide, Inc. (NYSE:WWW) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 13,960 shares of the textile maker’s stock, valued at approximately $310,000.

Other large investors also recently made changes to their positions in the company. Hillsdale Investment Management Inc. bought a new position in Wolverine World Wide in the 4th quarter valued at about $4,317,000. Sei Investments Co. lifted its position in Wolverine World Wide by 0.3% in the 4th quarter. Sei Investments Co. now owns 623,788 shares of the textile maker’s stock valued at $13,848,000 after acquiring an additional 1,941 shares in the last quarter. American Century Companies Inc. lifted its position in Wolverine World Wide by 14.3% in the 4th quarter. American Century Companies Inc. now owns 167,376 shares of the textile maker’s stock valued at $3,716,000 after acquiring an additional 20,922 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Wolverine World Wide in the 4th quarter valued at about $566,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Wolverine World Wide in the 4th quarter valued at about $443,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target on shares of Wolverine World Wide in a research report on Wednesday, February 19th. 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 report on Thursday, February 20th. Stifel Nicolaus raised 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. Finally, StockNews.com cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Wolverine World Wide Trading Down 0.3 %

Shares of WWW stock opened at $13.76 on Monday. The company has a 50 day moving average of $18.31 and a 200-day moving average of $19.01. 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 12-month low of $9.07 and a 12-month high of $24.64. The firm has a market cap of $1.11 billion, a P/E ratio of 25.01 and a beta of 1.93.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $485.74 million. During the same quarter last year, the business posted ($0.30) EPS. Wolverine World Wide’s quarterly revenue was down 6.1% compared to the same quarter last year. Sell-side analysts anticipate 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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.91%. Wolverine World Wide’s 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.