Wolverine World Wide, Inc. (NYSE:WWW) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 3,929,300 shares, a growth of 5.1% from the June 30th total of 3,737,100 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily volume of 872,600 shares, the days-to-cover ratio is currently 4.5 days.

In related news, Director Jeffrey M. Boromisa purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of $27.92 per share, with a total value of $279,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.93% of the company’s stock.

A number of large investors have recently bought and sold shares of WWW. Tower Research Capital LLC TRC boosted its position in Wolverine World Wide by 719.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the textile maker’s stock worth $45,000 after buying an additional 1,439 shares during the period. Quadrant Capital Group LLC boosted its position in Wolverine World Wide by 216.5% during the 1st quarter. Quadrant Capital Group LLC now owns 2,453 shares of the textile maker’s stock worth $85,000 after buying an additional 1,678 shares during the period. Pinnacle Financial Partners Inc. acquired a new stake in Wolverine World Wide during the 1st quarter worth approximately $158,000. Investors Research Corp acquired a new stake in Wolverine World Wide during the 1st quarter worth approximately $197,000. Finally, Papp L Roy & Associates acquired a new stake in Wolverine World Wide during the 1st quarter worth approximately $218,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Several equities research analysts recently issued reports on WWW shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $34.00 price target (down from $38.00) on shares of Wolverine World Wide in a report on Monday, August 5th. Argus lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating and set a $29.19 price target on the stock. in a report on Friday, May 17th. DA Davidson set a $40.00 price target on shares of Wolverine World Wide and gave the company a “buy” rating in a report on Friday, May 10th. Pivotal Research reaffirmed a “hold” rating and set a $30.00 price target (down from $34.00) on shares of Wolverine World Wide in a report on Friday, August 2nd. Finally, ValuEngine downgraded shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.24.

NYSE:WWW opened at $23.43 on Friday. The firm’s 50 day simple moving average is $26.86 and its 200 day simple moving average is $31.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.25 and a quick ratio of 0.70. Wolverine World Wide has a one year low of $23.05 and a one year high of $39.77. The company has a market cap of $2.14 billion, a PE ratio of 10.80, a P/E/G ratio of 0.73 and a beta of 1.08.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, August 7th. The textile maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Wolverine World Wide had a net margin of 8.02% and a return on equity of 21.21%. The business had revenue of $568.60 million for the quarter, compared to the consensus estimate of $575.24 million. During the same period last year, the company earned $0.54 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Equities research analysts expect that Wolverine World Wide will post 2.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.40 annualized dividend and a yield of 1.71%. Wolverine World Wide’s dividend payout ratio is presently 18.43%.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.

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