Dimensional Fund Advisors LP Has $15.39 Million Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Dimensional Fund Advisors LP lowered its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 18.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 693,421 shares of the textile maker’s stock after selling 161,975 shares during the period. Dimensional Fund Advisors LP owned approximately 0.87% of Wolverine World Wide worth $15,394,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Wolverine World Wide by 2.2% during the 4th quarter. FMR LLC now owns 11,766,527 shares of the textile maker’s stock worth $261,217,000 after acquiring an additional 249,456 shares during the period. Pacer Advisors Inc. bought a new stake in Wolverine World Wide during the fourth quarter worth $64,943,000. JPMorgan Chase & Co. lifted its stake in Wolverine World Wide by 70.0% during the fourth 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 last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 valued at $37,091,000 after purchasing an additional 86,475 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Wolverine World Wide by 32.4% in the 4th quarter. Federated Hermes Inc. now owns 718,567 shares of the textile maker’s stock valued at $15,952,000 after purchasing an additional 175,969 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WWW has been the topic of several research analyst reports. Piper Sandler reduced their price objective on Wolverine World Wide from $27.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Robert W. Baird lifted their price target on shares of Wolverine World Wide from $15.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday. Stifel Nicolaus dropped their price objective on shares of Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. UBS Group boosted their target price on shares of Wolverine World Wide from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. Finally, Baird R W upgraded Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Wolverine World Wide currently has a consensus rating of “Moderate Buy” and an average target price of $18.75.

Wolverine World Wide Stock Up 10.4 %

Shares of NYSE:WWW opened at $16.34 on Friday. The firm has a market cap of $1.32 billion, a P/E ratio of 29.70 and a beta of 1.62. Wolverine World Wide, Inc. has a 12-month low of $9.58 and a 12-month high of $24.64. The business has a fifty day simple moving average of $12.99 and a 200 day simple moving average of $18.14. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The company had revenue of $412.30 million during the quarter, compared to the consensus estimate of $395.94 million. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts predict that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 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.