Cwm LLC Has $85,000 Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Cwm LLC reduced its position in Wolverine World Wide, Inc. (NYSE:WWW) by 31.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,137 shares of the textile maker’s stock after selling 2,856 shares during the period. Cwm LLC’s holdings in Wolverine World Wide were worth $85,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis bought a new position in Wolverine World Wide in the fourth quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Wolverine World Wide during the 4th quarter valued at about $64,000. Teacher Retirement System of Texas bought a new position in shares of Wolverine World Wide in the 1st quarter valued at about $163,000. Summit Investment Advisors Inc. boosted its stake in shares of Wolverine World Wide by 7.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,305 shares of the textile maker’s stock valued at $184,000 after purchasing an additional 581 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Wolverine World Wide during the 4th quarter worth approximately $204,000. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Trading Down 1.9%

NYSE:WWW opened at $22.52 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.26 and a quick ratio of 0.77. The business’s 50-day simple moving average is $19.08 and its 200-day simple moving average is $17.03. Wolverine World Wide, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $24.64. The stock has a market capitalization of $1.82 billion, a PE ratio of 25.88 and a beta of 1.70.

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 the consensus estimate of $0.11 by $0.07. The company had revenue of $412.30 million during the quarter, compared to the consensus estimate of $395.94 million. Wolverine World Wide had a net margin of 4.15% and a return on equity of 28.74%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Sell-side analysts expect that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 45.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Wolverine World Wide from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. UBS Group set a $30.00 target price on Wolverine World Wide and gave the stock a “buy” rating in a report on Monday. Baird R W raised Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 21st. Piper Sandler cut their price target on shares of Wolverine World Wide from $27.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $17.00 price objective on shares of Wolverine World Wide in a report on Wednesday. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.75.

Wolverine World Wide Profile

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.