Victory Capital Management Inc. lowered its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 29.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,378,408 shares of the textile maker’s stock after selling 997,342 shares during the period. Victory Capital Management Inc. owned 2.45% of Wolverine World Wide worth $66,619,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Ronna Sue Cohen raised its position in Wolverine World Wide by 0.3% in the second quarter. Ronna Sue Cohen now owns 8,362 shares of the textile maker’s stock valued at $234,000 after buying an additional 21 shares in the last quarter. Bank of Montreal Can raised its position in Wolverine World Wide by 1.3% in the second quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock valued at $138,000 after buying an additional 64 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Wolverine World Wide by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 39,500 shares of the textile maker’s stock valued at $1,106,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Wolverine World Wide by 1.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 22,840 shares of the textile maker’s stock valued at $640,000 after buying an additional 360 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position in Wolverine World Wide by 3.3% in the second quarter. Aviance Capital Partners LLC now owns 17,043 shares of the textile maker’s stock valued at $477,000 after buying an additional 548 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Shares of Wolverine World Wide, Inc. (NYSE WWW) opened at 26.30 on Friday. The firm has a 50-day moving average of $27.12 and a 200-day moving average of $25.66. Wolverine World Wide, Inc. has a one year low of $20.58 and a one year high of $28.64. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 30.90 and a beta of 0.94.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.29 by $0.14. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The business had revenue of $598.80 million for the quarter, compared to analyst estimates of $573.78 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Wolverine World Wide, Inc. will post $1.61 EPS for the current fiscal year.

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

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Several equities analysts recently commented on the stock. ValuEngine lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of 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. Piper Jaffray Companies set a $25.00 target price on shares of Wolverine World Wide and gave the company a “hold” rating in a report on Wednesday, August 9th. BidaskClub lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Robert W. Baird raised shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and increased their target price for the company from $29.00 to $30.00 in a report on Wednesday, May 17th. 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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.

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

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