Wolverine World Wide, Inc. $WWW Shares Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lifted its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 131.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 563,255 shares of the textile maker’s stock after acquiring an additional 320,043 shares during the period. Jupiter Asset Management Ltd. owned 0.69% of Wolverine World Wide worth $15,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Hara Capital LLC acquired a new stake in Wolverine World Wide during the second quarter worth about $30,000. Canada Pension Plan Investment Board purchased a new stake in shares of Wolverine World Wide in the 2nd quarter valued at approximately $34,000. Covestor Ltd increased its holdings in shares of Wolverine World Wide by 16,025.0% during the 3rd quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock worth $35,000 after buying an additional 1,282 shares during the last quarter. AlphaQuest LLC raised its position in shares of Wolverine World Wide by 370.0% during the 3rd quarter. AlphaQuest LLC now owns 3,257 shares of the textile maker’s stock valued at $89,000 after buying an additional 2,564 shares during the period. Finally, LSV Asset Management acquired a new position in Wolverine World Wide in the third quarter valued at approximately $93,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Performance

Shares of WWW stock opened at $18.15 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.34 and a debt-to-equity ratio of 1.40. Wolverine World Wide, Inc. has a 52 week low of $9.58 and a 52 week high of $32.80. The stock has a market capitalization of $1.49 billion, a PE ratio of 17.45 and a beta of 1.91. The firm has a 50 day moving average of $18.23 and a two-hundred day moving average of $22.32.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 38.46%.

Wall Street Analysts Forecast Growth

WWW has been the topic of a number of research analyst reports. UBS Group reduced their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Zacks Research lowered shares of Wolverine World Wide from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Robert W. Baird decreased their target price on shares of Wolverine World Wide from $35.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. BNP Paribas Exane cut shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $38.00 to $19.00 in a research report on Thursday, January 22nd. Finally, Piper Sandler lowered shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $16.00 in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.38.

About Wolverine World Wide

Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide’s offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.

Key brands in Wolverine World Wide’s portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort‐oriented line; and Keds, a heritage sneaker label.