Semanteon Capital Management LP Purchases New Shares in Wolverine World Wide, Inc. (NYSE:WWW)

Semanteon Capital Management LP purchased a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 25,719 shares of the textile maker’s stock, valued at approximately $229,000.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in Wolverine World Wide during the 4th quarter worth $26,000. Sherbrooke Park Advisers LLC acquired a new position in Wolverine World Wide during the 3rd quarter worth $93,000. Aristeia Capital LLC acquired a new position in shares of Wolverine World Wide in the 3rd quarter valued at about $103,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wolverine World Wide by 15.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,873 shares of the textile maker’s stock valued at $159,000 after buying an additional 2,390 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Wolverine World Wide in the 4th quarter valued at about $172,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 price target on shares of Wolverine World Wide in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Wolverine World Wide has a consensus rating of “Hold” and a consensus target price of $10.63.

Wolverine World Wide Price Performance

WWW stock opened at $10.90 on Friday. Wolverine World Wide, Inc. has a 52 week low of $7.21 and a 52 week high of $17.85. The firm’s 50-day moving average is $10.02 and its two-hundred day moving average is $9.08. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 1.18.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, February 21st. The textile maker reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.03). Wolverine World Wide had a positive return on equity of 1.45% and a negative net margin of 1.77%. The company had revenue of $526.70 million for the quarter, compared to the consensus estimate of $520.12 million. During the same quarter last year, the firm posted ($0.15) earnings per share. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. Equities research analysts expect that Wolverine World Wide, Inc. will post 0.77 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.67%. Wolverine World Wide’s dividend payout ratio (DPR) is -78.43%.

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.