Wolverine World Wide, Inc. (WWW) Stake Lowered by Keybank National Association OH

Keybank National Association OH reduced its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 6.3% during the first quarter, Holdings Channel reports. The institutional investor owned 91,301 shares of the textile maker’s stock after selling 6,137 shares during the period. Keybank National Association OH’s holdings in Wolverine World Wide were worth $2,280,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in WWW. Patten Group Inc. raised its position in shares of Wolverine World Wide by 2.3% in the third quarter. Patten Group Inc. now owns 12,725 shares of the textile maker’s stock worth $286,000 after buying an additional 291 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Wolverine World Wide by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 22,100 shares of the textile maker’s stock worth $509,000 after buying an additional 350 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Wolverine World Wide by 16.7% in the first quarter. Glen Harbor Capital Management LLC now owns 4,158 shares of the textile maker’s stock worth $104,000 after buying an additional 594 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Wolverine World Wide by 15.1% in the first 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 last quarter. Finally, Elkfork Partners LLC increased its stake in shares of Wolverine World Wide by 16.7% in the first quarter. Elkfork Partners LLC now owns 5,292 shares of the textile maker’s stock worth $132,000 after buying an additional 756 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

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

Shares of Wolverine World Wide, Inc. (NYSE:WWW) traded down 0.32% during midday trading on Friday, reaching $25.14. 1,119,643 shares of the company’s stock were exchanged. Wolverine World Wide, Inc. has a 1-year low of $17.22 and a 1-year high of $26.85. The firm has a 50-day moving average of $24.41 and a 200-day moving average of $23.80. The company has a market capitalization of $2.44 billion, a PE ratio of 28.54 and a beta of 0.65.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, May 10th. The textile maker reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.06. The firm had revenue of $591.30 million during the quarter, compared to analyst estimates of $557.53 million. Wolverine World Wide had a return on equity of 13.38% and a net margin of 4.02%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Equities analysts expect that Wolverine World Wide, Inc. will post $1.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 3rd will be given a $0.06 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.95%. Wolverine World Wide’s payout ratio is 23.30%.

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WWW has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $19.00 price target on shares of Wolverine World Wide and gave the company a “hold” rating in a report on Monday, February 6th. Zacks Investment Research downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Telsey Advisory Group upped their price target on shares of Wolverine World Wide from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, February 23rd. Wedbush reissued an “outperform” rating and issued a $30.00 price target on shares of Wolverine World Wide in a report on Tuesday, February 7th. Finally, TheStreet downgraded shares of Wolverine World Wide from a “b-” rating to a “c+” rating in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.57.

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.

12 Month Chart for NYSE:WWW

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