Tdam USA Inc. held its position in Wolverine World Wide, Inc. (NYSE:WWW) during the second quarter, Holdings Channel reports. The institutional investor owned 13,778 shares of the textile maker’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in Wolverine World Wide were worth $378,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WWW. Sei Investments Co. boosted its position in Wolverine World Wide by 22.5% in the second quarter. Sei Investments Co. now owns 110,624 shares of the textile maker’s stock worth $3,098,000 after buying an additional 20,283 shares during the period. Papp L Roy & Associates purchased a new position in Wolverine World Wide during the second quarter worth $204,000. Texas Permanent School Fund boosted its position in Wolverine World Wide by 1.0% in the second quarter. Texas Permanent School Fund now owns 70,753 shares of the textile maker’s stock worth $1,982,000 after buying an additional 722 shares during the period. Rothschild Asset Management Inc. boosted its position in Wolverine World Wide by 5.2% in the second quarter. Rothschild Asset Management Inc. now owns 634,705 shares of the textile maker’s stock worth $17,778,000 after buying an additional 31,175 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in Wolverine World Wide by 3.8% in the second quarter. Great West Life Assurance Co. Can now owns 141,438 shares of the textile maker’s stock worth $3,959,000 after buying an additional 5,230 shares during the period. Institutional investors own 91.72% of the company’s stock.

Shares of Wolverine World Wide, Inc. (WWW) opened at 27.06 on Thursday. The firm has a 50-day moving average of $27.38 and a 200 day moving average of $25.41. Wolverine World Wide, Inc. has a 52 week low of $20.58 and a 52 week high of $28.64. The stock has a market cap of $2.62 billion, a PE ratio of 30.72 and a beta of 0.94.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, August 9th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. The business had revenue of $598.80 million for the quarter, compared to analyst estimates of $573.78 million. Wolverine World Wide had a net margin of 3.47% and a return on equity of 14.14%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. On average, equities analysts forecast that Wolverine World Wide, Inc. will post $1.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 2nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, September 29th. Wolverine World Wide’s dividend payout ratio is currently 27.27%.

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Several analysts have commented on the stock. Piper Jaffray Companies set a $25.00 price target on shares of Wolverine World Wide and gave the stock a “hold” rating in a research note on Wednesday. ValuEngine cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Robert W. Baird upgraded shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $29.00 to $30.00 in a research note on Wednesday, May 17th. Finally, Zacks Investment Research cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.71.

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, Chaco footwear, and Sebago footwear and apparel; 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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