Principal Financial Group Inc. raised its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 757,012 shares of the textile maker’s stock after buying an additional 2,279 shares during the period. Principal Financial Group Inc. owned about 0.78% of Wolverine World Wide worth $21,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glen Harbor Capital Management LLC increased its holdings in shares of Wolverine World Wide by 16.7% during 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 in the last quarter. Bank of Montreal Can increased its holdings in shares of Wolverine World Wide by 15.1% during 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 in the last quarter. Elkfork Partners LLC increased its holdings in shares of Wolverine World Wide by 16.7% during 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 in the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Wolverine World Wide by 16.7% during 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 in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Wolverine World Wide during the first quarter worth approximately $200,000. 91.28% of the stock is owned by institutional investors.

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Shares of Wolverine World Wide, Inc. (WWW) opened at 26.84 on Wednesday. The company has a 50 day moving average of $26.88 and a 200-day moving average of $25.89. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 31.54 and a beta of 0.94. Wolverine World Wide, Inc. has a one year low of $20.58 and a one year high of $28.64.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. The business had revenue of $598.80 million during the quarter, compared to the consensus estimate of $573.78 million. Wolverine World Wide had a net margin of 3.32% and a return on equity of 15.81%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, analysts expect that Wolverine World Wide, Inc. will post $1.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 2nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, September 29th. Wolverine World Wide’s payout ratio is 28.24%.

Several research firms have recently weighed in on WWW. ValuEngine lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised shares of 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 price objective on shares of Wolverine World Wide and gave the stock a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Saturday, August 12th. Finally, Robert W. Baird raised shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $29.00 to $30.00 in a report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Wolverine World Wide currently has a consensus rating of “Hold” and an average target price of $23.86.

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, 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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