Jupiter Asset Management Ltd. Increases Position in Wolverine World Wide, Inc. $WWW

Jupiter Asset Management Ltd. grew its position in Wolverine World Wide, Inc. (NYSE:WWW) by 131.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 563,255 shares of the textile maker’s stock after purchasing an additional 320,043 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Wolverine World Wide were worth $15,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WWW. Teacher Retirement System of Texas increased its holdings in Wolverine World Wide by 5.1% in the second quarter. Teacher Retirement System of Texas now owns 12,300 shares of the textile maker’s stock valued at $222,000 after buying an additional 595 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Wolverine World Wide by 1.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 58,586 shares of the textile maker’s stock valued at $1,059,000 after acquiring an additional 599 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Wolverine World Wide by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock worth $1,074,000 after acquiring an additional 782 shares in the last quarter. Amalgamated Bank lifted its stake in Wolverine World Wide by 3.5% during the third quarter. Amalgamated Bank now owns 23,831 shares of the textile maker’s stock worth $654,000 after purchasing an additional 799 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in Wolverine World Wide by 5.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 18,073 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 961 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on WWW shares. Zacks Research cut shares of Wolverine World Wide from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Argus reaffirmed a “hold” rating on shares of Wolverine World Wide in a research report on Friday, January 23rd. UBS Group reduced their price target on shares of Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. KeyCorp dropped their price objective on Wolverine World Wide from $32.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, BNP Paribas Exane cut Wolverine World Wide from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $38.00 to $19.00 in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.38.

Wolverine World Wide Trading Up 1.3%

NYSE WWW opened at $18.15 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.79 and a current ratio of 1.34. The firm has a market cap of $1.49 billion, a PE ratio of 17.45 and a beta of 1.91. Wolverine World Wide, Inc. has a one year low of $9.58 and a one year high of $32.80. The firm’s fifty day moving average is $18.23 and its two-hundred day moving average is $22.32.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, April 1st. Wolverine World Wide’s payout ratio is 38.46%.

About Wolverine World Wide

Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide’s offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.

Key brands in Wolverine World Wide’s portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort‐oriented line; and Keds, a heritage sneaker label.