Stock Traders Purchase High Volume of Wolverine World Wide Call Options (NYSE:WWW)

Wolverine World Wide, Inc. (NYSE:WWW) saw some unusual options trading activity on Tuesday. Stock investors purchased 4,215 call options on the company. This is an increase of 610% compared to the typical volume of 594 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WWW. Savant Capital LLC purchased a new stake in Wolverine World Wide in the fourth quarter valued at approximately $205,000. Pacer Advisors Inc. acquired a new stake in shares of Wolverine World Wide during the 4th quarter worth $64,943,000. JPMorgan Chase & Co. raised its position in shares of Wolverine World Wide by 1,263.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker’s stock worth $24,857,000 after buying an additional 1,322,254 shares during the period. XTX Topco Ltd boosted its holdings in 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 acquiring an additional 36,551 shares during the last quarter. Finally, Amundi grew its position in Wolverine World Wide by 161.5% during the fourth quarter. Amundi now owns 47,074 shares of the textile maker’s stock valued at $1,067,000 after acquiring an additional 29,072 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Trading Up 0.9 %

Shares of NYSE WWW traded up $0.13 during midday trading on Tuesday, reaching $14.56. 328,262 shares of the stock were exchanged, compared to its average volume of 1,193,997. The stock has a 50 day moving average price of $18.14 and a 200-day moving average price of $19.01. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $1.18 billion, a P/E ratio of 26.46 and a beta of 1.93. Wolverine World Wide has a 52-week low of $9.07 and a 52-week high of $24.64.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $485.74 million. During the same period in the previous year, the firm posted ($0.30) EPS. Wolverine World Wide’s revenue was down 6.1% on a year-over-year basis. Equities research analysts expect that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 yield of 2.75%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WWW. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price target for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. StockNews.com lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a research note on Wednesday, February 19th. Robert W. Baird decreased their price objective on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, UBS Group dropped their target price on shares of Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.50.

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.