19,358 Shares in Wolverine World Wide, Inc. (NYSE:WWW) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in Wolverine World Wide, Inc. (NYSE:WWW) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 19,358 shares of the textile maker’s stock, valued at approximately $172,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in Wolverine World Wide in the 2nd quarter worth approximately $43,000. Tower Research Capital LLC TRC grew its holdings in Wolverine World Wide by 126.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,969 shares of the textile maker’s stock worth $44,000 after buying an additional 1,657 shares in the last quarter. UBS Group AG grew its holdings in Wolverine World Wide by 114.9% in the 3rd quarter. UBS Group AG now owns 6,315 shares of the textile maker’s stock worth $97,000 after buying an additional 3,376 shares in the last quarter. First Republic Investment Management Inc. bought a new position in Wolverine World Wide in the 2nd quarter worth approximately $203,000. Finally, Point72 Middle East FZE bought a new position in Wolverine World Wide in the 4th quarter worth approximately $115,000. 90.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price objective on shares of Wolverine World Wide in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.63.

Wolverine World Wide Stock Performance

WWW opened at $9.12 on Monday. The company has a market capitalization of $728.79 million, a price-to-earnings ratio of -17.88 and a beta of 1.75. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.18 and a quick ratio of 0.75. Wolverine World Wide, Inc. has a 1-year low of $7.21 and a 1-year high of $17.85. The business has a 50 day moving average price of $9.77 and a two-hundred day moving average price of $8.95.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, February 21st. The textile maker reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.03). Wolverine World Wide had a negative net margin of 1.77% and a positive return on equity of 1.45%. The company had revenue of $526.70 million for the quarter, compared to analyst estimates of $520.12 million. During the same quarter last year, the company posted ($0.15) EPS. Wolverine World Wide’s revenue was down 20.8% on a year-over-year basis. Research analysts predict that Wolverine World Wide, Inc. will post 0.77 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.39%. Wolverine World Wide’s dividend payout ratio (DPR) is presently -78.43%.

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.