Victory Capital Management Inc. increased its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 22.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,903,558 shares of the textile maker’s stock after purchasing an additional 525,150 shares during the period. Victory Capital Management Inc. owned 3.00% of Wolverine World Wide worth $83,768,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ronna Sue Cohen boosted its holdings in Wolverine World Wide by 0.3% in the second quarter. Ronna Sue Cohen now owns 8,362 shares of the textile maker’s stock valued at $234,000 after acquiring an additional 21 shares during the last quarter. Bank of Montreal Can boosted its holdings 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 acquiring an additional 64 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Wolverine World Wide by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 39,500 shares of the textile maker’s stock valued at $1,106,000 after acquiring an additional 100 shares during the last quarter. Amalgamated Bank boosted its holdings in Wolverine World Wide by 1.9% in the second quarter. Amalgamated Bank now owns 13,330 shares of the textile maker’s stock valued at $373,000 after acquiring an additional 246 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Wolverine World Wide by 1.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 22,840 shares of the textile maker’s stock valued at $640,000 after acquiring an additional 360 shares during the last quarter. 90.95% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on WWW. Piper Jaffray Companies reiterated a “hold” rating and issued a $25.00 target price on shares of Wolverine World Wide in a report on Wednesday. KeyCorp reiterated a “hold” rating on shares of Wolverine World Wide in a report on Wednesday, October 11th. Pivotal Research began coverage on Wolverine World Wide in a report on Thursday, October 5th. They issued a “hold” rating and a $32.00 target price on the stock. Morgan Stanley lifted their target price on Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a report on Monday, September 25th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $32.00 target price on shares of Wolverine World Wide in a report on Sunday, September 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $25.06.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.14. The firm had revenue of $598.80 million for the quarter, compared to the consensus estimate of $573.78 million. Wolverine World Wide had a net margin of 3.32% and a return on equity of 15.81%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.90%. Wolverine World Wide’s payout ratio is 28.24%.

TRADEMARK VIOLATION NOTICE: “Wolverine World Wide, Inc. (WWW) Stake Raised by Victory Capital Management Inc.” was posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.watchlistnews.com/wolverine-world-wide-inc-www-stake-raised-by-victory-capital-management-inc/1675611.html.

Wolverine World Wide Company 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.

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

Receive News & Ratings for Wolverine World Wide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.