Rothschild Asset Management Inc. cut its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 658,081 shares of the textile maker’s stock after selling 2,763 shares during the quarter. Rothschild Asset Management Inc. owned 0.69% of Wolverine World Wide worth $22,881,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. lifted its position in Wolverine World Wide by 17,858.3% in the 2nd quarter. Whittier Trust Co. now owns 41,304 shares of the textile maker’s stock valued at $1,076,000 after acquiring an additional 41,074 shares in the last quarter. Natixis Advisors L.P. bought a new position in Wolverine World Wide in the 1st quarter valued at approximately $383,000. Millennium Management LLC lifted its position in Wolverine World Wide by 92.1% in the 4th quarter. Millennium Management LLC now owns 33,336 shares of the textile maker’s stock valued at $1,063,000 after acquiring an additional 15,986 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Wolverine World Wide by 7.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 64,643 shares of the textile maker’s stock valued at $1,868,000 after acquiring an additional 4,609 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Wolverine World Wide by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 745,972 shares of the textile maker’s stock valued at $21,559,000 after acquiring an additional 13,073 shares in the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director William K. Gerber sold 1,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $37.17, for a total transaction of $37,170.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Jeppesen sold 49,151 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $37.77, for a total value of $1,856,433.27. Following the completion of the transaction, the insider now directly owns 156,470 shares in the company, valued at $5,909,871.90. The disclosure for this sale can be found here. 5.81% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on WWW shares. TheStreet raised Wolverine World Wide from a “c” rating to a “b-” rating in a research report on Thursday, May 10th. ValuEngine raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Argus raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, May 30th. DA Davidson reaffirmed a “buy” rating on shares of Wolverine World Wide in a research report on Wednesday, May 9th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Wolverine World Wide in a research report on Friday, August 10th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Wolverine World Wide currently has a consensus rating of “Buy” and an average target price of $38.04.

NYSE WWW opened at $38.24 on Friday. The firm has a market cap of $3.57 billion, a PE ratio of 23.32, a PEG ratio of 1.76 and a beta of 0.98. The company has a current ratio of 2.65, a quick ratio of 1.86 and a debt-to-equity ratio of 0.61. Wolverine World Wide, Inc. has a 1-year low of $25.25 and a 1-year high of $38.52.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, August 8th. The textile maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.08. The firm had revenue of $566.90 million for the quarter, compared to analysts’ expectations of $569.24 million. Wolverine World Wide had a return on equity of 18.58% and a net margin of 2.83%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. analysts forecast that Wolverine World Wide, Inc. will post 2.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Monday, October 1st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, September 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.84%. Wolverine World Wide’s payout ratio is 19.51%.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.

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

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