Alpha Windward LLC Invests $570,000 in Wolverine World Wide, Inc. (WWW)

Alpha Windward LLC acquired a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the 4th quarter, HoldingsChannel reports. The fund acquired 17,880 shares of the textile maker’s stock, valued at approximately $570,000.

Several other hedge funds also recently made changes to their positions in WWW. Citadel Advisors LLC lifted its holdings in shares of Wolverine World Wide by 568.4% during the 3rd quarter. Citadel Advisors LLC now owns 639,185 shares of the textile maker’s stock worth $18,440,000 after acquiring an additional 543,559 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Wolverine World Wide by 22.1% during the 3rd quarter. Victory Capital Management Inc. now owns 2,903,558 shares of the textile maker’s stock worth $83,768,000 after acquiring an additional 525,150 shares during the period. FMR LLC lifted its holdings in shares of Wolverine World Wide by 21.7% during the 2nd quarter. FMR LLC now owns 2,357,199 shares of the textile maker’s stock worth $66,025,000 after acquiring an additional 420,194 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Wolverine World Wide by 30.1% during the 3rd quarter. Prudential Financial Inc. now owns 1,501,962 shares of the textile maker’s stock worth $43,332,000 after acquiring an additional 347,340 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Wolverine World Wide during the 2nd quarter worth about $9,618,000. Institutional investors and hedge funds own 92.48% of the company’s stock.

Shares of Wolverine World Wide, Inc. (WWW) opened at $32.56 on Thursday. The stock has a market cap of $3,068.48, a P/E ratio of 20.56, a P/E/G ratio of 1.35 and a beta of 0.95. Wolverine World Wide, Inc. has a 1 year low of $20.94 and a 1 year high of $32.87. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm had revenue of $581.30 million during the quarter, compared to the consensus estimate of $552.36 million. During the same quarter in the prior year, the company earned $0.49 EPS. The company’s revenue was down 3.7% on a year-over-year basis. analysts expect that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, December 29th. Wolverine World Wide’s dividend payout ratio (DPR) is 40.00%.

In other Wolverine World Wide news, insider Michael Jeppesen sold 11,807 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total value of $330,241.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph R. Gromek sold 18,928 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $29.14, for a total transaction of $551,561.92. The disclosure for this sale can be found here. 5.65% of the stock is owned by company insiders.

Several research analysts have recently weighed in on WWW shares. KeyCorp reiterated a “hold” rating on shares of Wolverine World Wide in a report on Wednesday, October 11th. Morgan Stanley increased their target price on shares of Wolverine World Wide from $22.50 to $24.50 and gave the stock an “equal weight” rating in a research report on Monday, September 25th. Zacks Investment Research downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Piper Jaffray Companies reissued a “hold” rating and set a $26.00 target price on shares of Wolverine World Wide in a research report on Wednesday, November 8th. Finally, TheStreet downgraded shares of Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.25.

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Wolverine World Wide Profile

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.

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Institutional Ownership by Quarter for Wolverine World Wide (NYSE:WWW)

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