Phocas Financial Corp. acquired a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 196,236 shares of the textile maker’s stock, valued at approximately $5,497,000. Phocas Financial Corp. owned 0.20% of Wolverine World Wide at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ronna Sue Cohen grew its holdings in Wolverine World Wide by 0.3% in the second quarter. Ronna Sue Cohen now owns 8,362 shares of the textile maker’s stock valued at $234,000 after purchasing an additional 21 shares during the period. Bank of Montreal Can grew its holdings in Wolverine World Wide by 1.3% in the second 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. Louisiana State Employees Retirement System grew its holdings in Wolverine World Wide by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 39,500 shares of the textile maker’s stock valued at $1,106,000 after purchasing an additional 100 shares during the period. Amalgamated Bank grew its holdings in Wolverine World Wide by 1.9% in the second 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. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Wolverine World Wide by 1.6% in the second 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. 90.84% of the stock is currently owned by institutional investors.

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Wolverine World Wide, Inc. (WWW) traded up 2.09% during trading on Tuesday, hitting $28.31. The stock had a trading volume of 122,698 shares. The stock’s 50 day moving average price is $27.61 and its 200 day moving average price is $26.37. The firm has a market cap of $2.74 billion, a P/E ratio of 33.27 and a beta of 0.98. Wolverine World Wide, Inc. has a 12-month low of $20.58 and a 12-month high of $29.62.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. The business had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $573.78 million. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, analysts anticipate that Wolverine World Wide, Inc. will post $1.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 2nd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, September 29th. Wolverine World Wide’s dividend payout ratio is currently 28.24%.

Several analysts have commented on the company. KeyCorp reissued a “hold” rating on shares of Wolverine World Wide in a report on Wednesday, October 11th. Pivotal Research assumed coverage on Wolverine World Wide in a report on Thursday, October 5th. They issued a “hold” rating and a $32.00 price objective on the stock. Morgan Stanley raised their price objective on Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a report on Monday, September 25th. Robert W. Baird reissued a “buy” rating and issued a $32.00 price objective on shares of Wolverine World Wide in a report on Sunday, September 17th. Finally, ValuEngine lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.06.

Wolverine World Wide Profile

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.

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

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