Wolverine World Wide, Inc. (NYSE:WWW) Shares Bought by Readystate Asset Management LP

Readystate Asset Management LP raised its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 311,807 shares of the textile maker’s stock after acquiring an additional 65,546 shares during the period. Readystate Asset Management LP owned approximately 0.39% of Wolverine World Wide worth $2,772,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WWW. GAMMA Investing LLC acquired a new position in shares of Wolverine World Wide in the 4th quarter valued at $26,000. Quarry LP acquired a new position in shares of Wolverine World Wide in the second quarter worth about $43,000. Tower Research Capital LLC TRC raised its position in shares of Wolverine World Wide by 126.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,969 shares of the textile maker’s stock worth $44,000 after acquiring an additional 1,657 shares during the period. Sherbrooke Park Advisers LLC purchased a new stake in shares of Wolverine World Wide during the 3rd quarter worth about $93,000. Finally, UBS Group AG grew its position in shares of Wolverine World Wide by 114.9% during the 3rd quarter. UBS Group AG now owns 6,315 shares of the textile maker’s stock valued at $97,000 after acquiring an additional 3,376 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.

Wolverine World Wide Price Performance

WWW stock traded down $0.17 during trading on Wednesday, hitting $9.42. The stock had a trading volume of 550,251 shares, compared to its average volume of 862,733. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.18 and a quick ratio of 0.75. Wolverine World Wide, Inc. has a twelve month low of $7.21 and a twelve month high of $17.85. The stock has a market capitalization of $752.75 million, a P/E ratio of -18.47 and a beta of 1.75. The company’s 50-day moving average price is $9.83 and its two-hundred day moving average price is $8.97.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, February 21st. The textile maker reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.03). Wolverine World Wide had a positive return on equity of 1.45% and a negative net margin of 1.77%. The firm had revenue of $526.70 million during the quarter, compared to analyst estimates of $520.12 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The company’s quarterly revenue was down 20.8% on a year-over-year basis. As a group, research analysts predict that Wolverine World Wide, Inc. will post 0.77 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 4.25%. The ex-dividend date is Thursday, March 28th. Wolverine World Wide’s payout ratio is -78.43%.

Analyst Ratings Changes

Separately, Telsey Advisory Group restated a “market perform” rating and set a $10.00 target price on shares of Wolverine World Wide in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.63.

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.