Arizona State Retirement System raised its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,506 shares of the textile maker’s stock after buying an additional 100 shares during the period. Arizona State Retirement System owned 0.05% of Wolverine World Wide worth $1,415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Glen Harbor Capital Management LLC raised its position in 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 raised its position in 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. Elkfork Partners LLC raised its position in 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. Meadow Creek Investment Management LLC raised its position in Wolverine World Wide by 16.7% in the first quarter. Meadow Creek Investment Management LLC now owns 6,426 shares of the textile maker’s stock worth $160,000 after buying an additional 918 shares during the last quarter. Finally, Papp L Roy & Associates purchased a new position in Wolverine World Wide during the second quarter worth about $204,000. 91.00% of the stock is currently owned by institutional investors.

Wolverine World Wide, Inc. (NYSE:WWW) opened at 26.30 on Friday. Wolverine World Wide, Inc. has a 52 week low of $20.58 and a 52 week high of $28.64. The stock has a market cap of $2.54 billion, a PE ratio of 30.90 and a beta of 0.94. The company has a 50-day moving average price of $27.12 and a 200-day moving average price of $25.66.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. The company had revenue of $598.80 million for the quarter, compared to the consensus estimate of $573.78 million. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. Analysts anticipate that Wolverine World Wide, Inc. will post $1.60 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 2nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, September 29th. Wolverine World Wide’s dividend payout ratio is 28.24%.

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A number of research firms recently issued reports on WWW. ValuEngine lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Piper Jaffray Companies set a $25.00 target price on Wolverine World Wide and gave the stock a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday, August 12th. Finally, Telsey Advisory Group lifted their target price on Wolverine World Wide from $26.00 to $29.00 and gave the stock a “market perform” rating in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Wolverine World Wide currently has a consensus rating of “Hold” and an average target price of $23.86.

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, 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)

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