Wolverine Worldwide The apparel company reported on Jan. 30 fourth-quarter earnings of $23 million, or 47 cents a share, down from year-earlier earnings of $25.6 million, or 52 cents a share. "4Q earnings outperformance in a weak demand environment highlights the strength of the Wolverine business model, which is marked by a broad brand portfolio that offers downside protection, a pricing strategy that limits discounting and allows for margin protection, and strong control of SG&A expense," Credit Suisse analysts wrote in a Jan. 30 report. "Near-term demand headwinds and subsequent deleverage are going to hold back earnings growth to 2H, though, suggesting that some patience is in order for longer-term investors." Forward Annual Dividend Yield: 1.2% Rated "A- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin is about the same as it was a year ago. Wolverine Worldwide is extremely liquid. Its Quick Ratio is 2.42, which shows the company can meet its short-term cash needs. In the fourth quarter, stockholders' net worth increased 6.38% from the prior year. TheStreet Ratings' price target is $45.65. The stock closed Tuesday at $39.95 and has risen 12.09% year to date.