Wolverine World Wide, Inc. (WWW) Holdings Boosted by Systematic Financial Management LP
Systematic Financial Management LP raised its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,026,486 shares of the textile maker’s stock after buying an additional 48,793 shares during the quarter. Systematic Financial Management LP owned 1.06% of Wolverine World Wide worth $29,614,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of Montreal Can lifted its stake 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 buying an additional 64 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Wolverine World Wide by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 39,500 shares of the textile maker’s stock worth $1,106,000 after purchasing an additional 100 shares during the period. Amalgamated Bank raised its position in shares of Wolverine World Wide by 1.9% during the second quarter. Amalgamated Bank now owns 13,330 shares of the textile maker’s stock worth $373,000 after purchasing an additional 246 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Wolverine World Wide by 1.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 22,840 shares of the textile maker’s stock worth $640,000 after purchasing an additional 360 shares during the period. Finally, Advisory Services Network LLC raised its position in shares of Wolverine World Wide by 5.3% during the second quarter. Advisory Services Network LLC now owns 8,336 shares of the textile maker’s stock worth $234,000 after purchasing an additional 421 shares during the period. 92.23% of the stock is currently owned by hedge funds and other institutional investors.
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In other Wolverine World Wide news, insider Michael Jeppesen sold 11,807 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total value of $330,241.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.65% of the stock is owned by corporate insiders.
Shares of Wolverine World Wide, Inc. (WWW) traded up $0.47 during trading hours on Tuesday, reaching $28.73. The company’s stock had a trading volume of 558,200 shares, compared to its average volume of 783,861. The company has a market cap of $2,730.00, a P/E ratio of 18.11, a PEG ratio of 1.38 and a beta of 0.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.09 and a quick ratio of 2.06. Wolverine World Wide, Inc. has a 52-week low of $20.94 and a 52-week high of $29.62.
Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $581.30 million during the quarter, compared to the consensus estimate of $552.36 million. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. sell-side analysts forecast that Wolverine World Wide, Inc. will post 1.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be paid a $0.06 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.84%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 40.00%.
WWW has been the topic of a number of research reports. Morgan Stanley upped their target price on Wolverine World Wide from $22.50 to $24.50 and gave the stock an “equal weight” rating in a research report on Monday, September 25th. ValuEngine lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Pivotal Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and upped their target price for the stock from $32.00 to $33.00 in a research report on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $25.00 target price on shares of Wolverine World Wide in a research report on Wednesday, November 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Wolverine World Wide in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.65.
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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