Heartland Advisors Inc. lowered its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 491,861 shares of the textile maker’s stock after selling 8,624 shares during the period. Wolverine World Wide accounts for about 1.0% of Heartland Advisors Inc.’s holdings, making the stock its 23rd biggest position. Heartland Advisors Inc.’s holdings in Wolverine World Wide were worth $15,681,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Teachers Advisors LLC raised its holdings in Wolverine World Wide by 2.3% in the 2nd quarter. Teachers Advisors LLC now owns 171,218 shares of the textile maker’s stock worth $4,796,000 after acquiring an additional 3,775 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Wolverine World Wide by 5.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 552,097 shares of the textile maker’s stock valued at $15,465,000 after acquiring an additional 30,661 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Wolverine World Wide by 11.2% in the 2nd quarter. Nationwide Fund Advisors now owns 137,096 shares of the textile maker’s stock valued at $3,840,000 after acquiring an additional 13,791 shares in the last quarter. Amalgamated Bank increased its stake in shares of Wolverine World Wide by 1.9% in the 2nd quarter. Amalgamated Bank now owns 13,330 shares of the textile maker’s stock valued at $373,000 after acquiring an additional 246 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Wolverine World Wide by 113.9% in the 2nd quarter. New York State Common Retirement Fund now owns 278,858 shares of the textile maker’s stock valued at $7,811,000 after acquiring an additional 148,461 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Wolverine World Wide, Inc. (NYSE:WWW) traded down $0.22 during midday trading on Friday, reaching $32.89. 227,969 shares of the company traded hands, compared to its average volume of 719,206. Wolverine World Wide, Inc. has a twelve month low of $20.94 and a twelve month high of $33.82. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74. The firm has a market cap of $3,141.20 and a P/E ratio of 54.62.

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

Several analysts have recently weighed in on the stock. Pivotal Research assumed coverage on shares of Wolverine World Wide in a research note on Thursday, October 5th. They issued a “hold” rating and a $32.00 price objective for the company. Telsey Advisory Group lifted their price objective on shares of Wolverine World Wide from $29.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, November 9th. Buckingham Research lifted their price objective on shares of Wolverine World Wide from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $26.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, November 8th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Wolverine World Wide currently has a consensus rating of “Hold” and an average price target of $27.25.

In related news, Director Joseph R. Gromek sold 18,928 shares of Wolverine World Wide stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $29.14, for a total value of $551,561.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Jeppesen sold 11,807 shares of Wolverine World Wide stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total transaction of $330,241.79. The disclosure for this sale can be found here. Company insiders own 5.65% of the company’s stock.

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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.

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

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