Rhumbline Advisers reduced its position in Wolverine World Wide, Inc. (NYSE:WWW) by 6.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 200,990 shares of the textile maker’s stock after selling 13,142 shares during the period. Rhumbline Advisers owned 0.21% of Wolverine World Wide worth $5,630,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Wolverine World Wide by 55,444.0% in the first quarter. BlackRock Inc. now owns 12,193,018 shares of the textile maker’s stock worth $304,461,000 after buying an additional 12,171,066 shares during the period. Vanguard Group Inc. boosted its stake in shares of Wolverine World Wide by 5.9% in the first quarter. Vanguard Group Inc. now owns 8,570,082 shares of the textile maker’s stock valued at $213,996,000 after buying an additional 476,268 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Wolverine World Wide by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,687,149 shares of the textile maker’s stock valued at $117,039,000 after buying an additional 226,965 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Wolverine World Wide by 1,032.2% in the first quarter. Wellington Management Group LLP now owns 2,826,644 shares of the textile maker’s stock valued at $70,581,000 after buying an additional 2,576,990 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Wolverine World Wide by 5.3% in the first quarter. State Street Corp now owns 2,314,470 shares of the textile maker’s stock valued at $57,791,000 after buying an additional 116,529 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Wolverine World Wide, Inc. (NYSE:WWW) opened at 25.68 on Thursday. Wolverine World Wide, Inc. has a 1-year low of $20.58 and a 1-year high of $28.64. The firm has a market capitalization of $2.48 billion, a PE ratio of 30.18 and a beta of 0.94. The company has a 50 day moving average of $27.12 and a 200 day moving average of $25.66.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.14. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The company had revenue of $598.80 million during the quarter, compared to analysts’ expectations of $573.78 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts forecast that Wolverine World Wide, Inc. will post $1.61 EPS for the current 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. The ex-dividend date is Friday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.93%. Wolverine World Wide’s payout ratio is 28.24%.

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Several analysts have commented on the stock. B. Riley restated a “neutral” rating and set a $26.00 price objective on shares of Wolverine World Wide in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Saturday, August 12th. ValuEngine upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Piper Jaffray Companies set a $25.00 price objective on shares of Wolverine World Wide and gave the company a “hold” rating in a research note on Wednesday, August 9th. Finally, BidaskClub cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.86.

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, 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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