Nisa Investment Advisors LLC lowered its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,280 shares of the textile maker’s stock after selling 520 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Wolverine World Wide worth $1,505,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Chicago Equity Partners LLC bought a new stake in Wolverine World Wide during the third quarter valued at $2,178,000. Rothschild Asset Management Inc. boosted its stake in Wolverine World Wide by 6.3% in the third quarter. Rothschild Asset Management Inc. now owns 489,756 shares of the textile maker’s stock valued at $11,279,000 after buying an additional 29,156 shares during the period. Capital Fund Management S.A. bought a new stake in Wolverine World Wide during the third quarter valued at $4,908,000. Virginia Retirement Systems ET AL boosted its stake in Wolverine World Wide by 59.9% in the third quarter. Virginia Retirement Systems ET AL now owns 62,700 shares of the textile maker’s stock valued at $1,444,000 after buying an additional 23,500 shares during the period. Finally, Nordea Investment Management AB bought a new stake in Wolverine World Wide during the third quarter valued at $6,437,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

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

Wolverine World Wide, Inc. (NYSE:WWW) traded down 2.10% on Friday, hitting $24.69. 184,064 shares of the stock traded hands. The firm has a 50-day moving average price of $24.42 and a 200-day moving average price of $23.77. Wolverine World Wide, Inc. has a 12 month low of $16.88 and a 12 month high of $26.85. The company has a market capitalization of $2.39 billion, a PE ratio of 28.02 and a beta of 0.65.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, May 10th. The textile maker reported $0.37 earnings per share for the quarter, beating the 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 net margin of 4.02% and a return on equity of 13.38%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Analysts forecast that Wolverine World Wide, Inc. will post $1.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 3rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, June 29th. Wolverine World Wide’s dividend payout ratio (DPR) is 23.30%.

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A number of equities analysts recently commented on the stock. Pacific Crest cut shares of Wolverine World Wide to a “hold” rating in a research report on Saturday, February 4th. Wedbush reiterated an “outperform” rating and issued a $30.00 target price on shares of Wolverine World Wide in a research report on Tuesday, February 7th. Zacks Investment Research cut shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Piper Jaffray Companies set a $19.00 target price on shares of Wolverine World Wide and gave the stock a “hold” rating in a research report on Monday, February 6th. Finally, B. Riley reiterated a “neutral” rating and issued a $26.00 target price on shares of Wolverine World Wide in a research report on Wednesday, February 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $23.57.

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, 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.

5 Day Chart for NYSE:WWW

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