New York State Common Retirement Fund Increases Stake in Wolverine World Wide, Inc. (NYSE:WWW)

New York State Common Retirement Fund boosted its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.1% in the 1st quarter, Holdings Channel reports. The fund owned 813,637 shares of the textile maker’s stock after buying an additional 1,200 shares during the period. New York State Common Retirement Fund’s holdings in Wolverine World Wide were worth $31,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WWW. Vantage Consulting Group Inc purchased a new position in Wolverine World Wide during the fourth quarter valued at approximately $34,000. Veriti Management LLC purchased a new position in Wolverine World Wide during the fourth quarter valued at approximately $89,000. First Bank & Trust raised its position in Wolverine World Wide by 62.2% during the first quarter. First Bank & Trust now owns 3,717 shares of the textile maker’s stock valued at $142,000 after acquiring an additional 1,425 shares in the last quarter. Synovus Financial Corp purchased a new position in Wolverine World Wide during the fourth quarter valued at approximately $201,000. Finally, Janney Montgomery Scott LLC purchased a new position in Wolverine World Wide during the first quarter valued at approximately $206,000. Institutional investors own 92.94% of the company’s stock.

In other news, VP Amy M. Klimek sold 6,000 shares of the company’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $37.82, for a total value of $226,920.00. Following the transaction, the vice president now owns 32,589 shares of the company’s stock, valued at approximately $1,232,515.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Amy M. Klimek sold 1,463 shares of the company’s stock in a transaction on Tuesday, April 20th. The shares were sold at an average price of $38.54, for a total value of $56,384.02. Following the completion of the transaction, the vice president now directly owns 31,458 shares in the company, valued at approximately $1,212,391.32. The disclosure for this sale can be found here. Insiders have sold 36,907 shares of company stock worth $1,425,529 in the last three months. 4.73% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on WWW shares. Telsey Advisory Group boosted their price objective on Wolverine World Wide from $35.00 to $45.00 and gave the company a “market perform” rating in a research report on Thursday, May 6th. B. Riley boosted their price objective on Wolverine World Wide from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, March 24th. Robert W. Baird boosted their price objective on Wolverine World Wide from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday. Pivotal Research restated a “buy” rating on shares of Wolverine World Wide in a research report on Friday, May 7th. Finally, Argus boosted their price objective on Wolverine World Wide from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, May 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $37.00.

Shares of NYSE:WWW opened at $36.30 on Friday. The stock has a 50 day moving average price of $38.80. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -25.93 and a beta of 1.84. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.46. Wolverine World Wide, Inc. has a 1 year low of $20.58 and a 1 year high of $44.74.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, May 12th. The textile maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. The company had revenue of $510.70 million for the quarter, compared to analyst estimates of $508.32 million. Wolverine World Wide had a positive return on equity of 12.78% and a negative net margin of 6.01%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, analysts forecast that Wolverine World Wide, Inc. will post 2.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 2nd. Shareholders of record on Thursday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, June 30th. Wolverine World Wide’s dividend payout ratio (DPR) is currently 43.01%.

Wolverine World Wide Profile

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. The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group.

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Institutional Ownership by Quarter for Wolverine World Wide (NYSE:WWW)

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