WINTON GROUP Ltd Takes Position in Wolverine World Wide, Inc. (NYSE:WWW)

WINTON GROUP Ltd acquired a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 145,411 shares of the textile maker’s stock, valued at approximately $1,966,000. WINTON GROUP Ltd owned approximately 0.18% of Wolverine World Wide at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Wolverine World Wide by 42.5% during the first quarter. GAMMA Investing LLC now owns 4,504 shares of the textile maker’s stock valued at $50,000 after buying an additional 1,343 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Wolverine World Wide during the 1st quarter valued at about $81,000. Natixis acquired a new stake in shares of Wolverine World Wide in the first quarter worth approximately $112,000. Oxford Asset Management LLP acquired a new stake in shares of Wolverine World Wide in the fourth quarter worth approximately $124,000. Finally, Connable Office Inc. purchased a new stake in Wolverine World Wide in the fourth quarter valued at approximately $137,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Stock Performance

Shares of NYSE:WWW opened at $14.71 on Monday. The business’s 50-day simple moving average is $13.44 and its 200 day simple moving average is $12.30. The company has a market cap of $1.18 billion, a P/E ratio of -15.82 and a beta of 1.76. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.74 and a current ratio of 1.19. Wolverine World Wide, Inc. has a one year low of $7.21 and a one year high of $15.23.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $425.40 million for the quarter, compared to analyst estimates of $411.20 million. Wolverine World Wide had a negative net margin of 4.42% and a negative return on equity of 0.34%. The business’s quarterly revenue was down 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. On average, sell-side analysts forecast that Wolverine World Wide, Inc. will post 0.85 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.72%. Wolverine World Wide’s payout ratio is currently -43.01%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WWW. KeyCorp raised shares of Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Thursday, August 8th. Piper Sandler restated an “overweight” rating and set a $18.00 price target on shares of Wolverine World Wide in a research note on Friday, August 23rd. UBS Group upgraded Wolverine World Wide from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $20.00 in a report on Friday, July 19th. Robert W. Baird boosted their target price on Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $14.00 target price on shares of Wolverine World Wide in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and five 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 price target of $17.17.

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.