Wolverine World Wide, Inc. (NYSE:WWW) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in Wolverine World Wide, Inc. (NYSE:WWW) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 623,788 shares of the textile maker’s stock after acquiring an additional 1,941 shares during the quarter. Sei Investments Co.’s holdings in Wolverine World Wide were worth $13,848,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in Wolverine World Wide by 0.5% in the 3rd quarter. State Street Corp now owns 3,065,736 shares of the textile maker’s stock valued at $53,405,000 after acquiring an additional 16,228 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Wolverine World Wide in the fourth quarter valued at approximately $64,943,000. Geode Capital Management LLC increased its stake in shares of Wolverine World Wide by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,791,789 shares of the textile maker’s stock worth $31,219,000 after purchasing an additional 17,400 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Wolverine World Wide by 1,263.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock worth $24,857,000 after purchasing an additional 1,322,254 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Wolverine World Wide by 51.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock valued at $17,324,000 after buying an additional 335,669 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

WWW stock opened at $13.75 on Friday. The company has a market cap of $1.11 billion, a PE ratio of 25.00 and a beta of 1.93. 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 stock has a 50-day moving average price of $17.44 and a two-hundred day moving average price of $18.95. Wolverine World Wide, Inc. has a 12-month low of $9.07 and a 12-month high of $24.64.

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, hitting analysts’ consensus estimates of $0.42. The business had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $485.74 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.30) EPS. As a group, research analysts predict that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s payout ratio is currently 72.73%.

Wall Street Analysts Forecast Growth

WWW has been the topic of several recent research reports. Robert W. Baird reduced their price objective on 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. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price target for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. UBS Group lowered their price objective on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, 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. 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 data from MarketBeat, Wolverine World Wide presently has an average rating of “Moderate Buy” and a consensus target price 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.