17,949 Shares in Wolverine World Wide, Inc. (WWW) Acquired by Airain ltd
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.
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%.
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.
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