Zurcher Kantonalbank Zurich Cantonalbank Has $159,000 Stock Position in Wolverine World Wide, Inc. (NYSE:WWW)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 15.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,873 shares of the textile maker’s stock after acquiring an additional 2,390 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wolverine World Wide were worth $159,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Wolverine World Wide by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 9,282,319 shares of the textile maker’s stock worth $74,815,000 after purchasing an additional 109,833 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Wolverine World Wide by 18.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,668,623 shares of the textile maker’s stock worth $13,449,000 after buying an additional 255,872 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Wolverine World Wide by 2.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,542,637 shares of the textile maker’s stock valued at $12,434,000 after acquiring an additional 32,100 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Wolverine World Wide by 13.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,446,579 shares of the textile maker’s stock valued at $11,659,000 after acquiring an additional 175,039 shares during the period. Finally, Callodine Capital Management LP acquired a new stake in shares of Wolverine World Wide during the 3rd quarter worth $8,060,000. 90.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Seaport Res Ptn raised Wolverine World Wide from a “neutral” rating to a “buy” rating in a research note on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 price target on shares of Wolverine World Wide in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Wolverine World Wide currently has an average rating of “Hold” and an average target price of $10.63.

Wolverine World Wide Stock Up 11.5 %

Shares of NYSE:WWW opened at $12.73 on Thursday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 1.18. Wolverine World Wide, Inc. has a 52-week low of $7.21 and a 52-week high of $17.85. The company has a market capitalization of $1.02 billion, a PE ratio of -24.96 and a beta of 1.73. The company has a fifty day moving average of $10.26 and a 200-day moving average of $9.27.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, February 21st. The textile maker reported ($0.30) EPS 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 firm had revenue of $526.70 million during the quarter, compared to the consensus estimate of $520.12 million. During the same quarter in the prior year, the business posted ($0.15) earnings per share. Wolverine World Wide’s revenue for the quarter was down 20.8% compared to the same quarter last year. On average, equities analysts predict that Wolverine World Wide, Inc. will post 0.77 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, August 1st. Stockholders of record on Monday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, July 1st. Wolverine World Wide’s payout ratio is currently -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.