Airain ltd bought a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 17,949 shares of the textile maker’s stock, valued at approximately $448,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in Wolverine World Wide by 2.7% in the third quarter. Principal Financial Group Inc. now owns 737,481 shares of the textile maker’s stock worth $16,984,000 after buying an additional 19,072 shares during the period. Zweig DiMenna Associates LLC bought a new position in Wolverine World Wide during the third quarter worth approximately $235,000. ETRADE Capital Management LLC increased its position in Wolverine World Wide by 43.7% in the third quarter. ETRADE Capital Management LLC now owns 14,516 shares of the textile maker’s stock worth $334,000 after buying an additional 4,416 shares during the period. Russell Investments Group Ltd. bought a new position in Wolverine World Wide during the fourth quarter worth approximately $11,962,000. Finally, Comerica Bank increased its position in Wolverine World Wide by 33.2% in the fourth quarter. Comerica Bank now owns 212,091 shares of the textile maker’s stock worth $4,814,000 after buying an additional 52,837 shares during the period. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

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

Wolverine World Wide, Inc. (NYSE:WWW) traded down 3.43% during mid-day trading on Tuesday, hitting $25.65. 713,639 shares of the stock traded hands. Wolverine World Wide, Inc. has a 1-year low of $18.51 and a 1-year high of $27.38. The stock has a 50-day moving average of $25.56 and a 200 day moving average of $24.28. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 29.11 and a beta of 0.88.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, May 10th. The textile maker reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. The business 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 3.47% and a return on equity of 14.14%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, equities analysts expect that Wolverine World Wide, Inc. will post $1.55 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 3rd will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.94%. Wolverine World Wide’s dividend payout ratio is currently 27.27%.

WARNING: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/06/21/airain-ltd-invests-448000-in-wolverine-world-wide-inc-www-updated-updated-updated.html.

A number of research analysts recently commented on WWW shares. B. Riley reaffirmed a “neutral” rating and issued a $26.00 target price on shares of Wolverine World Wide in a research report on Monday, February 20th. Telsey Advisory Group increased their price target on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, February 23rd. Piper Jaffray Companies set a $22.00 price target on shares of Wolverine World Wide and gave the stock a “hold” rating in a research note on Wednesday, February 22nd. TheStreet cut shares of Wolverine World Wide from a “b-” rating to a “c+” rating in a research note on Wednesday, February 22nd. Finally, Zacks Investment Research upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Wolverine World Wide presently has an average rating of “Hold” and an average 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.

Receive News & Stock 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 stocks with our FREE daily email newsletter.