Nationwide Fund Advisors raised its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 3.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 142,188 shares of the textile maker’s stock after purchasing an additional 5,092 shares during the period. Nationwide Fund Advisors owned 0.15% of Wolverine World Wide worth $4,102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of Montreal Can increased its position in Wolverine World Wide by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock valued at $138,000 after purchasing an additional 64 shares during the period. Amalgamated Bank increased its position in Wolverine World Wide by 1.9% during the 2nd quarter. Amalgamated Bank now owns 13,330 shares of the textile maker’s stock valued at $373,000 after purchasing an additional 246 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Wolverine World Wide by 1.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 22,840 shares of the textile maker’s stock valued at $640,000 after purchasing an additional 360 shares during the period. Advisory Services Network LLC increased its position in Wolverine World Wide by 5.3% during the 2nd quarter. Advisory Services Network LLC now owns 8,336 shares of the textile maker’s stock valued at $234,000 after purchasing an additional 421 shares during the period. Finally, Stephens Inc. AR increased its position in Wolverine World Wide by 1.0% during the 2nd quarter. Stephens Inc. AR now owns 47,112 shares of the textile maker’s stock valued at $1,320,000 after purchasing an additional 451 shares during the period. 92.50% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on WWW. Pivotal Research began coverage on shares of Wolverine World Wide in a research report on Thursday, October 5th. They set a “hold” rating and a $32.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Wolverine World Wide in a research report on Wednesday, October 11th. Telsey Advisory Group lifted their price objective on shares of Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, November 9th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, November 8th. Finally, Buckingham Research lifted their price objective on shares of Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Wolverine World Wide has an average rating of “Hold” and a consensus target price of $25.65.

In other Wolverine World Wide news, Director Joseph R. Gromek sold 18,928 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $29.14, for a total transaction of $551,561.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Jeppesen sold 11,807 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total transaction of $330,241.79. The disclosure for this sale can be found here. 5.65% of the stock is currently owned by insiders.

Shares of Wolverine World Wide, Inc. (WWW) traded up $1.44 during trading on Friday, hitting $30.44. 2,010,806 shares of the stock were exchanged, compared to its average volume of 664,297. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.06 and a current ratio of 3.09. Wolverine World Wide, Inc. has a 52-week low of $20.94 and a 52-week high of $30.51. The stock has a market cap of $2,774.74, a P/E ratio of 18.59, a P/E/G ratio of 1.42 and a beta of 0.96.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm had revenue of $581.30 million for the quarter, compared to the consensus estimate of $552.36 million. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. equities research analysts expect that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, December 29th. Wolverine World Wide’s dividend payout ratio is presently 40.00%.

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About Wolverine World Wide

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.

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

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