Trexquant Investment LP Raises Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Trexquant Investment LP raised its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 1,541.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 176,269 shares of the textile maker’s stock after purchasing an additional 165,529 shares during the quarter. Trexquant Investment LP owned 0.22% of Wolverine World Wide worth $3,913,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. acquired a new position in shares of Wolverine World Wide in the 4th quarter valued at about $1,032,000. O Shaughnessy Asset Management LLC lifted its holdings in Wolverine World Wide by 46.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,742 shares of the textile maker’s stock valued at $394,000 after acquiring an additional 5,662 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Wolverine World Wide by 5.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,670,760 shares of the textile maker’s stock worth $37,091,000 after purchasing an additional 86,475 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Wolverine World Wide by 70.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,425,858 shares of the textile maker’s stock worth $53,854,000 after purchasing an additional 998,916 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Wolverine World Wide by 16.5% during the 4th quarter. Prudential Financial Inc. now owns 521,935 shares of the textile maker’s stock valued at $11,587,000 after purchasing an additional 74,090 shares in the last quarter. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird dropped 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. StockNews.com downgraded shares of 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 issued a $23.00 target price on shares of Wolverine World Wide in a research note on Wednesday, February 19th. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price target for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Finally, UBS Group lowered their price objective on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Wolverine World Wide Stock Up 5.5 %

Shares of NYSE WWW opened at $11.73 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. The firm has a market cap of $950.70 million, a price-to-earnings ratio of 21.33 and a beta of 1.93. Wolverine World Wide, Inc. has a 52-week low of $9.07 and a 52-week high of $24.64. The business’s 50 day moving average is $16.47 and its two-hundred day moving average is $18.94.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The firm had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $485.74 million. During the same quarter in the previous year, the business posted ($0.30) earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. Research analysts predict that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is currently 72.73%.

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.