Nisa Investment Advisors LLC Has $207,000 Position in Wolverine World Wide, Inc. (NYSE:WWW)

Nisa Investment Advisors LLC lowered its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 52.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,230 shares of the textile maker’s stock after selling 25,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Wolverine World Wide were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP bought a new position in shares of Wolverine World Wide during the 2nd quarter valued at $43,000. Tower Research Capital LLC TRC grew its position 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 purchasing an additional 1,657 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Wolverine World Wide in the 3rd quarter worth $93,000. UBS Group AG grew its position 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 purchasing an additional 3,376 shares during the last quarter. Finally, Aristeia Capital LLC acquired a new stake in Wolverine World Wide in the 3rd quarter worth $103,000. Institutional investors own 90.25% of the company’s stock.

Analysts Set New Price Targets

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

Wolverine World Wide Price Performance

Shares of Wolverine World Wide stock opened at $9.78 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 1.18. The firm’s 50-day simple moving average is $9.87 and its 200-day simple moving average is $8.99. Wolverine World Wide, Inc. has a twelve month low of $7.21 and a twelve month high of $17.85. The firm has a market cap of $781.53 million, a P/E ratio of -19.18 and a beta of 1.75.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Wednesday, February 21st. The textile maker reported ($0.30) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $526.70 million for the quarter, compared to analyst estimates of $520.12 million. During the same quarter last year, the firm posted ($0.15) earnings per share. Wolverine World Wide’s revenue was down 20.8% on a year-over-year basis. As a group, research analysts expect that Wolverine World Wide, Inc. will post 0.77 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a yield of 4.09%. 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.