Royce & Associates LP lowered its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,309,910 shares of the textile maker’s stock after selling 114,054 shares during the period. Royce & Associates LP owned 1.37% of Wolverine World Wide worth $37,791,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in shares of Wolverine World Wide during the second quarter worth $221,000. Chicago Equity Partners LLC raised its position 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 worth $3,465,000 after buying an additional 23,790 shares in the last quarter. Heartland Advisors Inc. raised its position 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 worth $13,196,000 after buying an additional 118,961 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of Wolverine World Wide in the second quarter worth $265,000. Finally, American Century Companies Inc. purchased a new stake in shares of Wolverine World Wide in the second quarter worth $8,663,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

In other news, Director Joseph R. Gromek sold 18,928 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $29.14, for a total transaction of $551,561.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Jeppesen sold 11,807 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total value of $330,241.79. The disclosure for this sale can be found here. 5.65% of the stock is owned by corporate insiders.

WWW has been the topic of a number of recent analyst reports. TheStreet downgraded Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies reiterated a “hold” rating and issued a $25.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Wolverine World Wide in a research report on Wednesday, October 11th. Pivotal Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price objective for the stock from $32.00 to $33.00 in a research report on Wednesday, November 8th. Finally, Morgan Stanley increased their price objective on Wolverine World Wide from $22.50 to $24.50 and gave the stock an “equal weight” rating in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $25.65.

Wolverine World Wide, Inc. (NYSE WWW) traded up $0.14 on Friday, reaching $29.49. The company had a trading volume of 1,078,100 shares, compared to its average volume of 781,763. The company has a market capitalization of $2,808.23, a PE ratio of 18.81, a PEG ratio of 1.43 and a beta of 0.96. 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 $29.89.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, November 8th. The textile maker reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. The business had revenue of $581.30 million for the quarter, compared to analysts’ expectations of $552.36 million. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. equities research analysts predict that Wolverine World Wide, Inc. will post 1.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd will be paid a $0.06 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. Wolverine World Wide’s dividend payout ratio is presently 40.00%.

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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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