Thrivent Financial For Lutherans boosted its position in Wolverine World Wide, Inc. (NYSE:WWW) by 6.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,360 shares of the textile maker’s stock after buying an additional 3,660 shares during the period. Thrivent Financial For Lutherans owned approximately 0.06% of Wolverine World Wide worth $1,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in Wolverine World Wide by 15.1% in the 1st quarter. Bank of Montreal Can now owns 4,840 shares of the textile maker’s stock worth $121,000 after buying an additional 635 shares during the period. Jane Street Group LLC purchased a new position in Wolverine World Wide during the 1st quarter worth approximately $200,000. Everence Capital Management Inc. purchased a new position in Wolverine World Wide during the 2nd quarter worth approximately $202,000. Papp L Roy & Associates purchased a new position in Wolverine World Wide during the 2nd quarter worth approximately $204,000. Finally, Ronna Sue Cohen purchased a new position in Wolverine World Wide during the 1st quarter worth approximately $208,000. Hedge funds and other institutional investors own 90.84% of the company’s stock.

Several analysts have recently commented on the stock. Piper Jaffray Companies set a $25.00 price objective on shares of Wolverine World Wide and gave the company a “hold” rating in a report on Wednesday, August 9th. ValuEngine raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Friday, August 11th. BidaskClub cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Robert W. Baird restated a “buy” rating and set a $32.00 target price on shares of Wolverine World Wide in a research report on Sunday, September 17th. Finally, Zacks Investment Research upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.19.

Shares of Wolverine World Wide, Inc. (WWW) opened at 28.85 on Monday. The stock has a market capitalization of $2.79 billion, a P/E ratio of 33.90 and a beta of 0.98. The company’s 50-day moving average is $26.74 and its 200-day moving average is $25.95. Wolverine World Wide, Inc. has a one year low of $20.58 and a one year high of $29.20.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 2nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, September 29th. Wolverine World Wide’s dividend payout ratio (DPR) is presently 28.24%.

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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.

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

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