148,050 Shares in Wolverine World Wide, Inc. (NYSE:WWW) Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new position in Wolverine World Wide, Inc. (NYSE:WWW) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 148,050 shares of the textile maker’s stock, valued at approximately $3,287,000. Lisanti Capital Growth LLC owned approximately 0.18% of Wolverine World Wide at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WWW. GAMMA Investing LLC lifted its position in Wolverine World Wide by 12.5% in the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after purchasing an additional 563 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Wolverine World Wide during the 4th quarter valued at $25,000. Oppenheimer Asset Management Inc. lifted its position in shares of Wolverine World Wide by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 147,130 shares of the textile maker’s stock valued at $3,266,000 after acquiring an additional 1,270 shares during the last quarter. KBC Group NV lifted its position in shares of Wolverine World Wide by 43.8% during the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock valued at $96,000 after acquiring an additional 1,311 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Wolverine World Wide by 5.0% during the 3rd quarter. Intech Investment Management LLC now owns 39,412 shares of the textile maker’s stock valued at $687,000 after acquiring an additional 1,866 shares during the last quarter. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Price Performance

WWW opened at $14.22 on Friday. The stock has a fifty day moving average of $20.24 and a 200-day moving average of $18.90. The firm has a market capitalization of $1.14 billion, a P/E ratio of 25.85 and a beta of 1.88. Wolverine World Wide, Inc. has a 12-month low of $9.07 and a 12-month 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.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The company had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. During the same quarter in the prior year, the company earned ($0.30) earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities analysts forecast that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price objective for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, February 19th. UBS Group cut 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. StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird cut their price objective on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.