Oppenheimer Asset Management Inc. Has $3.27 Million Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Oppenheimer Asset Management Inc. boosted its position in Wolverine World Wide, Inc. (NYSE:WWW) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,130 shares of the textile maker’s stock after acquiring an additional 1,270 shares during the period. Oppenheimer Asset Management Inc. owned 0.18% of Wolverine World Wide worth $3,266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in shares of Wolverine World Wide by 487.8% during the third quarter. US Bancorp DE now owns 36,776 shares of the textile maker’s stock worth $641,000 after buying an additional 30,519 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of 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 valued at $1,683,000 after acquiring an additional 24,477 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Wolverine World Wide in the 3rd quarter valued at $195,000. Natixis Advisors LLC boosted its position in shares of Wolverine World Wide by 20.5% in the 3rd quarter. Natixis Advisors LLC now owns 27,573 shares of the textile maker’s stock worth $480,000 after purchasing an additional 4,694 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Wolverine World Wide during the third quarter worth $10,974,000. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Price Performance

WWW stock opened at $14.80 on Friday. The stock has a 50-day moving average price of $20.94 and a two-hundred day moving average price of $18.91. Wolverine World Wide, Inc. has a 1 year low of $9.06 and a 1 year high of $24.64. The stock has a market cap of $1.19 billion, a PE ratio of 26.91 and a beta of 1.88. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $494.70 million during the quarter, compared to the consensus estimate of $485.74 million. During the same period last year, the company earned ($0.30) earnings per share. Wolverine World Wide’s quarterly revenue was down 6.1% on a year-over-year basis. Equities analysts forecast that Wolverine World Wide, Inc. will post 1.23 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. Investors of record on Tuesday, April 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.70%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s payout ratio is 72.73%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WWW. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 target price on shares of Wolverine World Wide in a research note on Wednesday, February 19th. Robert W. Baird cut their price target 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. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and upped their target price for the company from $21.00 to $29.00 in a research note 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. Finally, UBS Group decreased 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.50.

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.