Counterpoint Mutual Funds LLC Takes $443,000 Position in Wolverine World Wide, Inc. (NYSE:WWW)

Counterpoint Mutual Funds LLC bought a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,939 shares of the textile maker’s stock, valued at approximately $443,000.

A number of other large investors have also recently made changes to their positions in WWW. Pacer Advisors Inc. purchased a new stake in Wolverine World Wide in the fourth quarter worth about $64,943,000. JPMorgan Chase & Co. lifted its stake in Wolverine World Wide by 1,263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock worth $24,857,000 after acquiring an additional 1,322,254 shares during the period. Jennison Associates LLC purchased a new stake in Wolverine World Wide in the third quarter worth about $10,974,000. Jacobs Levy Equity Management Inc. lifted its stake in Wolverine World Wide by 51.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 994,483 shares of the textile maker’s stock worth $17,324,000 after acquiring an additional 335,669 shares during the period. Finally, Barclays PLC lifted its stake in Wolverine World Wide by 767.1% in the third quarter. Barclays PLC now owns 250,830 shares of the textile maker’s stock worth $4,368,000 after acquiring an additional 221,904 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.

Wolverine World Wide Stock Performance

WWW opened at $13.66 on Tuesday. Wolverine World Wide, Inc. has a 52-week low of $9.07 and a 52-week high of $24.64. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. The company has a market cap of $1.10 billion, a P/E ratio of 24.83 and a beta of 1.93. The firm’s 50-day moving average price is $19.03 and its 200-day moving average price is $19.01.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $494.70 million for the quarter, compared to the consensus estimate of $485.74 million. During the same quarter in the prior year, the company posted ($0.30) earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

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 issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.93%. Wolverine World Wide’s dividend payout ratio (DPR) is currently 72.73%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, February 19th. Robert W. Baird lowered their price objective on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. UBS Group reduced their target price on shares of Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, February 20th. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

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.