Canada Pension Plan Investment Board lessened its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 22.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 173,800 shares of the textile maker’s stock after selling 51,400 shares during the period. Canada Pension Plan Investment Board owned approximately 0.18% of Wolverine World Wide worth $5,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in WWW. Teachers Advisors LLC lifted its stake in shares of Wolverine World Wide by 4.5% in the 1st quarter. Teachers Advisors LLC now owns 167,443 shares of the textile maker’s stock valued at $4,181,000 after purchasing an additional 7,231 shares during the last quarter. Morgan Stanley lifted its stake in shares of Wolverine World Wide by 26.3% in the 1st quarter. Morgan Stanley now owns 374,565 shares of the textile maker’s stock valued at $9,353,000 after purchasing an additional 77,973 shares during the last quarter. State Street Corp lifted its stake in shares of Wolverine World Wide by 5.3% in the 1st quarter. State Street Corp now owns 2,314,470 shares of the textile maker’s stock valued at $57,791,000 after purchasing an additional 116,529 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Wolverine World Wide by 1.3% in the 2nd quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock valued at $138,000 after purchasing an additional 64 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Wolverine World Wide by 78.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 19,132 shares of the textile maker’s stock valued at $535,000 after purchasing an additional 8,412 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wolverine World Wide, Inc. (WWW) opened at $28.04 on Wednesday. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74. Wolverine World Wide, Inc. has a 1-year low of $20.94 and a 1-year high of $29.62. The firm has a market capitalization of $2,659.92, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.36 and a beta of 0.94.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. The company had revenue of $581.30 million for the quarter, compared to the consensus estimate of $552.36 million. During the same quarter in the prior year, the business earned $0.49 EPS. Wolverine World Wide’s revenue was down 3.7% on a year-over-year basis. equities analysts expect that Wolverine World Wide, Inc. will post 1.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, December 29th. This represents a $0.24 annualized dividend and a yield of 0.86%. Wolverine World Wide’s dividend payout ratio (DPR) is 40.00%.

Several equities analysts have recently commented on the company. TheStreet lowered Wolverine World Wide from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Buckingham Research upped their price target on Wolverine World Wide from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Telsey Advisory Group increased their target price on Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a research note on Thursday, November 9th. Piper Jaffray Companies reissued a “hold” rating and set a $26.00 target price on shares of Wolverine World Wide in a research note on Wednesday, November 8th. Finally, Pivotal Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the stock from $32.00 to $33.00 in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.65.

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Wolverine World Wide 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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