Federated Hermes Inc. Grows Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Federated Hermes Inc. grew its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 32.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 718,567 shares of the textile maker’s stock after purchasing an additional 175,969 shares during the quarter. Federated Hermes Inc. owned approximately 0.90% of Wolverine World Wide worth $15,952,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Wolverine World Wide during the 4th quarter worth about $25,000. Signaturefd LLC boosted its stake in shares of Wolverine World Wide by 88.8% during the fourth quarter. Signaturefd LLC now owns 1,450 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 682 shares in the last quarter. KBC Group NV increased its holdings in Wolverine World Wide by 43.8% during the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock valued at $96,000 after buying an additional 1,311 shares during the period. GAMMA Investing LLC raised its stake in Wolverine World Wide by 12.5% in the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after buying an additional 563 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Wolverine World Wide by 375.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,552 shares of the textile maker’s stock worth $122,000 after buying an additional 4,384 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $12.40 on Thursday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.29 and a quick ratio of 0.77. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 22.54 and a beta of 1.74. The stock’s 50-day moving average is $15.27 and its two-hundred day moving average is $18.77. Wolverine World Wide, Inc. has a 1-year low of $9.07 and a 1-year high of $24.64.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.30) EPS. Analysts forecast that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is presently 72.73%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price target for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of Wolverine World Wide in a research report on Wednesday, February 19th. UBS Group cut their price target on shares of Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Robert W. Baird decreased their price objective on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

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.