Wolverine World Wide, Inc. (NYSE:WWW) Stock Holdings Lessened by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lowered its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,699 shares of the textile maker’s stock after selling 990 shares during the period. J.W. Cole Advisors Inc.’s holdings in Wolverine World Wide were worth $571,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of WWW. CWM LLC increased its holdings in shares of Wolverine World Wide by 237.0% in the third quarter. CWM LLC now owns 8,843 shares of the textile maker’s stock valued at $154,000 after buying an additional 6,219 shares in the last quarter. US Bancorp DE grew its position in Wolverine World Wide by 487.8% during the 3rd quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock worth $641,000 after purchasing an additional 30,519 shares in the last quarter. GSA Capital Partners LLP grew its position in Wolverine World Wide by 33.9% during the 3rd quarter. GSA Capital Partners LLP now owns 96,615 shares of the textile maker’s stock worth $1,683,000 after purchasing an additional 24,477 shares in the last quarter. Aigen Investment Management LP purchased a new position in Wolverine World Wide during the 3rd quarter worth approximately $195,000. Finally, Oppenheimer Asset Management Inc. grew its position in Wolverine World Wide by 5.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 145,860 shares of the textile maker’s stock worth $2,541,000 after purchasing an additional 7,577 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Trading Down 17.0 %

Wolverine World Wide stock opened at $15.55 on Thursday. The company’s fifty day simple moving average is $22.05 and its 200-day simple moving average is $18.80. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. Wolverine World Wide, Inc. has a 12 month low of $8.25 and a 12 month high of $24.64. The stock has a market cap of $1.24 billion, a P/E ratio of -17.47 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $494.70 million for the quarter, compared to the consensus estimate of $485.74 million. Wolverine World Wide had a negative net margin of 3.80% and a positive return on equity of 6.37%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.30) earnings per share. As a group, sell-side analysts forecast that Wolverine World Wide, Inc. will post 0.9 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s payout ratio is -44.94%.

Analyst Upgrades and Downgrades

WWW has been the topic of several research analyst reports. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. StockNews.com cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

Insiders Place Their Bets

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the transaction, the insider now directly owns 34,206 shares of the company’s stock, valued at $806,235.42. This represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.28% of the company’s stock.

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.