In a world where investing has become increasingly complex, one company seems to stand out as a beacon of stability. Wolverine World Wide, Inc. (NYSE:WWW) is a textile maker that has been making headlines for its recent acquisition by &FDx Advisors Inc.
The purchase occurred in the fourth quarter and involved 11,351 shares valued at approximately $124,000. This move by the investment fund represents a significant increase in their stake in Wolverine World Wide, Inc. and reveals the confidence they have in its potential for growth and profitability.
Wolverine World Wide, Inc. engages in the design, manufacture, and sale of branded footwear and apparel for different purposes including casual wear, active lifestyle gear, work-specific uniforms or rugged outdoor sporting activities. The company operates through two segments called Wolverine Michigan Group and Wolverine Boston Group.
The Michigan group boasts some of the most well-known brands such as Merrell, Cat, Chaco, Hush Puppies, Bates uniform gear among others which all rely on quality construction methods to make them durable enough for intensive situations while delivering long-term comfort.
Interestingly enough it currently sits at an opening price of $14.30 on Friday with its current period positional dynamics being heavily influenced by it’s 50-day moving average ($16.04) while it’s more longstanding metric of 200-day moving average ($14.27) falls only slightly below median-price range at this time.
For context regarding its liquidity status ratios; the company currently reports possessing debt-to-equity ratios equal to a factor roughly above two (2.09) ,a quick ratio value that doesn’t encourage behavior above .5(0.46) emphasizing lower asset liquidity; though it does bare modest assurances with a current ratio falling on higher ends exceeding(1.16).
As market traders observe this attractive price point that is caught between its low point of $9.60 over the past year compared to its high of $24.08; one cannot help but wonder as to the potential future that lies ahead given comparable industry revelations concerning possibly new distribution channels & digital platforms that can expand market compete-ability and consumer reach.
In conclusion, the recent acquisition of Wolverine World Wide, Inc. shares by &FDx Advisors Inc. serves to highlight the growing interest in this company and its vast potential for growth and prosperity within an ever-evolving industry. The company has a strong reputation for quality construction in all its products, which are designed to cater to different sectors of the apparel market, with emphasis and focus on ruggedness, attractiveness blended with functionality. Given current trends and shifts within the casual wardrobe and footwear markets – it could become a good case study exhibition of relevant business successes that ensure their heritage is thriving well into the twenty-first century as they lure even more investors into considering this company for investment accessibility.
Multiple Institutional Investors Increase Holdings in Wolverine World Wide, Inc. (NYSE:WWW)
Wolverine World Wide Inc (NYSE:WWW) has recently seen several changes in the holdings of institutional investors. MQS Management LLC acquired a new position in the company’s shares in the third quarter of 2016, while Bridge City Capital LLC boosted its position by 3.5% during the same period. In the fourth quarter of 2016, Brookstone Capital Management raised its stake by 14.8%, Versor Investments LP acquired a new stake and Gladius Capital Management LP also invested. Hedge funds and other institutional investors now own 97.08% of Wolverine World Wide’s stock.
The company, which designs, manufactures and sells branded footwear and apparel for various markets such as athletic, workwear and outdoor sports, has been subject to recent analyst reports from firms including Telsey Advisory Group, Seaport Res Ptn, Stifel Nicolaus and Robert W. Baird amongst others. Seven equities research analysts have rated the stock with a hold rating while three issued a buy rating to the company’s stock.
In terms of financial results for Q4 2016, Wolverine World Wide had a negative net margin of 6.71% with a positive return on equity of 17.61%. However, it posted revenue growth of 4.6%, earning $665m for the quarter but missing analysts’ expectations by less than a percent and EPS was slightly disappointing at ($0.15), compared to consensus estimates failing by only ($0.01).
On August 1st, Wolverine World Wide declared another quarterly dividend payment which is $0.10 per share payable on July 3rd this year for shareholders on record as at June 30th.
Overall there are both positives and negatives surrounding Wolverine’s financial performance; however increasing investment suggests investor confidence in its future prospects is growing.
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