Stock Traders Buy Large Volume of Wolverine World Wide Call Options (NYSE:WWW)

Wolverine World Wide, Inc. (NYSE:WWW) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 4,215 call options on the stock. This represents an increase of 610% compared to the typical volume of 594 call options.

Institutional Trading of Wolverine World Wide

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in Wolverine World Wide in the fourth quarter valued at about $25,000. Signaturefd LLC boosted its stake in shares of Wolverine World Wide by 88.8% in the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 682 shares in the last quarter. Natixis bought a new stake in shares of Wolverine World Wide during the 4th quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Wolverine World Wide during the 4th quarter worth approximately $64,000. Finally, KBC Group NV increased its position in Wolverine World Wide by 43.8% during the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,311 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Trading Down 2.3 %

WWW opened at $14.26 on Thursday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.92 and a beta of 1.93. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. Wolverine World Wide has a twelve month low of $9.07 and a twelve month high of $24.64. The company has a 50-day simple moving average of $17.80 and a 200 day simple moving average of $18.98.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.30) EPS. Analysts predict that Wolverine World Wide will post 1.23 EPS 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. Stockholders of record on Tuesday, April 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.81%. Wolverine World Wide’s payout ratio is 72.73%.

Analyst Ratings Changes

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

About Wolverine World Wide

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.