Jacobs Levy Equity Management Inc. Purchases 113,238 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Jacobs Levy Equity Management Inc. raised its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,107,721 shares of the textile maker’s stock after purchasing an additional 113,238 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Wolverine World Wide were worth $24,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Wolverine World Wide during the fourth quarter valued at $25,000. Signaturefd LLC grew its holdings in 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 during the period. Natixis bought a new position in Wolverine World Wide during the fourth quarter valued at $41,000. KBC Group NV grew 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 purchasing an additional 1,311 shares during the period. Finally, Smartleaf Asset Management LLC grew 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 valued at $122,000 after purchasing an additional 4,384 shares during the period. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Price Performance

NYSE:WWW opened at $15.29 on Monday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 27.80 and a beta of 1.62. Wolverine World Wide, Inc. has a 52-week low of $9.58 and a 52-week high of $24.64. The stock has a fifty day moving average of $13.01 and a 200 day moving average of $18.17. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29.

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

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.62%. Wolverine World Wide’s payout ratio is 45.98%.

Analyst Upgrades and Downgrades

WWW has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Robert W. Baird lifted their price target on Wolverine World Wide from $15.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price target on shares of Wolverine World Wide in a research report on Friday. Finally, Piper Sandler reduced their price target on Wolverine World Wide from $27.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.71.

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.