State of Tennessee Treasury Department raised its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 70.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,842 shares of the textile maker’s stock after purchasing an additional 64,248 shares during the period. State of Tennessee Treasury Department owned 0.16% of Wolverine World Wide worth $4,467,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can increased its stake 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 purchasing an additional 64 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Wolverine World Wide in the second quarter valued at approximately $202,000. Papp L Roy & Associates purchased a new position in Wolverine World Wide in the second quarter valued at approximately $204,000. Riverhead Capital Management LLC increased its stake in Wolverine World Wide by 62.2% in the second quarter. Riverhead Capital Management LLC now owns 7,625 shares of the textile maker’s stock valued at $214,000 after purchasing an additional 2,925 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Wolverine World Wide in the second quarter valued at approximately $221,000. Institutional investors own 91.51% of the company’s stock.

Shares of Wolverine World Wide, Inc. (NYSE WWW) opened at $27.77 on Thursday. 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 fifty-two week low of $20.94 and a fifty-two week high of $29.62. The firm has a market capitalization of $2,682.89, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.37 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 firm had revenue of $581.30 million during the quarter, compared to the consensus estimate of $552.36 million. During the same period last year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. analysts anticipate that Wolverine World Wide, Inc. will post 1.64 EPS for the current year.

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

A number of brokerages have recently issued reports on WWW. TheStreet lowered shares of Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Telsey Advisory Group raised their target price on shares of Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, November 9th. Buckingham Research raised their target price on shares of Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded 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 research report on Saturday, August 12th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $26.00 target price on shares of Wolverine World Wide in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.65.

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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.

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

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