Capstone Investment Advisors LLC Makes New Investment in Wolverine World Wide, Inc. (NYSE:WWW)

Capstone Investment Advisors LLC bought a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the 1st quarter, Holdings Channel reports. The institutional investor bought 97,178 shares of the textile maker’s stock, valued at approximately $1,089,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WWW. Intrinsic Edge Capital Management LLC bought a new stake in Wolverine World Wide during the fourth quarter worth $2,563,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Wolverine World Wide by 13.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,446,579 shares of the textile maker’s stock valued at $11,659,000 after acquiring an additional 175,039 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Wolverine World Wide by 21.7% in the 3rd quarter. Invesco Ltd. now owns 799,375 shares of the textile maker’s stock valued at $6,443,000 after acquiring an additional 142,646 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Wolverine World Wide by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,282,319 shares of the textile maker’s stock valued at $74,815,000 after acquiring an additional 109,833 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Wolverine World Wide by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,991 shares of the textile maker’s stock valued at $15,753,000 after acquiring an additional 103,368 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Isabel Soriano sold 3,201 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $13.89, for a total value of $44,461.89. Following the completion of the sale, the insider now directly owns 26,519 shares in the company, valued at approximately $368,348.91. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WWW. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price target on shares of Wolverine World Wide in a research note on Wednesday, May 8th. Williams Trading upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price target for the company from $11.00 to $16.00 in a research note on Thursday, May 9th. UBS Group increased their price target on Wolverine World Wide from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Seaport Res Ptn upgraded Wolverine World Wide from a “neutral” rating to a “buy” rating in a research note on Monday, May 6th. Finally, Robert W. Baird raised their target price on Wolverine World Wide from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Wolverine World Wide presently has a consensus rating of “Hold” and an average target price of $11.67.

Wolverine World Wide Trading Down 0.1 %

NYSE:WWW traded down $0.01 during trading hours on Friday, hitting $12.97. 1,004,105 shares of the company were exchanged, compared to its average volume of 1,485,383. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.24. The company has a fifty day simple moving average of $13.02 and a 200 day simple moving average of $10.67. Wolverine World Wide, Inc. has a one year low of $7.21 and a one year high of $14.49. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -13.95 and a beta of 1.76.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, May 8th. The textile maker reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $394.90 million during the quarter, compared to the consensus estimate of $360.31 million. Wolverine World Wide had a positive return on equity of 0.53% and a negative net margin of 3.59%. Sell-side analysts expect that Wolverine World Wide, Inc. will post 0.8 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 3.08%. Wolverine World Wide’s dividend payout ratio is presently -43.01%.

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.