Raab & Moskowitz Asset Management LLC continued to hold its stake in Wolverine World Wide, Inc. (NYSE:WWW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,840 shares of the textile maker’s stock at the end of the 2nd quarter. Raab & Moskowitz Asset Management LLC’s holdings in Wolverine World Wide were worth $281,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new stake in shares of Wolverine World Wide in the second quarter valued at about $221,000. Chicago Equity Partners LLC lifted its holdings in shares of Wolverine World Wide by 23.8% in the second quarter. Chicago Equity Partners LLC now owns 123,715 shares of the textile maker’s stock valued at $3,465,000 after purchasing an additional 23,790 shares in the last quarter. FMR LLC lifted its holdings in shares of Wolverine World Wide by 6.8% in the first quarter. FMR LLC now owns 1,937,005 shares of the textile maker’s stock valued at $48,367,000 after purchasing an additional 123,641 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Wolverine World Wide by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,687,149 shares of the textile maker’s stock valued at $117,039,000 after purchasing an additional 226,965 shares in the last quarter. Finally, Heartland Advisors Inc. lifted its holdings in shares of Wolverine World Wide by 33.8% in the second quarter. Heartland Advisors Inc. now owns 471,123 shares of the textile maker’s stock valued at $13,196,000 after purchasing an additional 118,961 shares in the last quarter. Institutional investors own 90.84% of the company’s stock.

A number of brokerages have recently commented on WWW. KeyCorp restated a “hold” rating on shares of Wolverine World Wide in a report on Wednesday. Pivotal Research began coverage on Wolverine World Wide in a report on Thursday, October 5th. They issued a “hold” rating and a $32.00 price target on the stock. Morgan Stanley boosted their price target on Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a report on Monday, September 25th. Robert W. Baird restated a “buy” rating and issued a $32.00 price target on shares of Wolverine World Wide in a report on Sunday, September 17th. Finally, ValuEngine lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Wolverine World Wide presently has an average rating of “Hold” and a consensus target price of $25.06.

Wolverine World Wide, Inc. (NYSE:WWW) traded up 0.61% during mid-day trading on Friday, reaching $27.97. The company had a trading volume of 667,303 shares. The stock has a 50 day moving average price of $27.61 and a 200 day moving average price of $26.37. Wolverine World Wide, Inc. has a one year low of $20.58 and a one year high of $29.62. The company has a market capitalization of $2.70 billion, a P/E ratio of 32.87 and a beta of 0.98.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. Wolverine World Wide had a net margin of 3.32% and a return on equity of 15.81%. The business had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $573.78 million. During the same quarter last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts expect that Wolverine World Wide, Inc. will post $1.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 2nd will be given 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 0.86%. Wolverine World Wide’s dividend payout ratio is currently 28.24%.

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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.

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

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