AXQ Capital LP Purchases New Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

AXQ Capital LP purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,960 shares of the textile maker’s stock, valued at approximately $310,000.

Other institutional investors have also made changes to their positions in the company. Savant Capital LLC bought a new stake in shares of Wolverine World Wide in the fourth quarter valued at approximately $205,000. Pacer Advisors Inc. bought a new stake in shares of Wolverine World Wide in the fourth quarter valued at approximately $64,943,000. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $24,857,000 after buying an additional 1,322,254 shares during the period. XTX Topco Ltd boosted its stake in shares of Wolverine World Wide by 338.6% in the third quarter. XTX Topco Ltd now owns 47,346 shares of the textile maker’s stock valued at $825,000 after buying an additional 36,551 shares during the period. Finally, Amundi boosted its stake in shares of Wolverine World Wide by 161.5% in the fourth quarter. Amundi now owns 47,074 shares of the textile maker’s stock valued at $1,067,000 after buying an additional 29,072 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WWW has been the subject of several recent analyst reports. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and upped their target price for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Robert W. Baird cut their target price on 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. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. UBS Group cut their target price on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price on shares of Wolverine World Wide in a research note 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.50.

Wolverine World Wide Stock Down 0.3 %

Shares of WWW opened at $13.76 on Monday. Wolverine World Wide, Inc. has a 52 week low of $9.07 and a 52 week high of $24.64. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 25.01 and a beta of 1.93. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. The stock has a fifty day moving average of $18.31 and a 200-day moving average of $19.01.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 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 analysts’ expectations of $485.74 million. During the same period in the prior year, the company earned ($0.30) EPS. Wolverine World Wide’s revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wolverine World Wide, Inc. will post 1.23 earnings per share 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. Investors of record on Tuesday, April 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.91%. Wolverine World Wide’s payout ratio is 72.73%.

Wolverine World Wide 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.