Strs Ohio cut its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,300 shares of the textile maker’s stock after selling 13,600 shares during the period. Strs Ohio owned 0.21% of Wolverine World Wide worth $5,582,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WWW. Glen Harbor Capital Management LLC boosted its position in Wolverine World Wide by 16.7% in the first quarter. Glen Harbor Capital Management LLC now owns 4,158 shares of the textile maker’s stock worth $104,000 after buying an additional 594 shares in the last quarter. Bank of Montreal Can boosted its position in Wolverine World Wide by 15.1% in the first quarter. Bank of Montreal Can now owns 4,840 shares of the textile maker’s stock worth $121,000 after buying an additional 635 shares in the last quarter. Elkfork Partners LLC boosted its position in Wolverine World Wide by 16.7% in the first quarter. Elkfork Partners LLC now owns 5,292 shares of the textile maker’s stock worth $132,000 after buying an additional 756 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in Wolverine World Wide by 16.7% in the first quarter. Meadow Creek Investment Management LLC now owns 6,426 shares of the textile maker’s stock worth $160,000 after buying an additional 918 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Wolverine World Wide during the first quarter worth about $198,000. Institutional investors own 92.57% of the company’s stock.

Wolverine World Wide, Inc. (NYSE WWW) opened at 27.74 on Friday. The company’s 50 day moving average is $27.19 and its 200 day moving average is $25.24. The stock has a market cap of $2.69 billion, a PE ratio of 31.49 and a beta of 0.94. Wolverine World Wide, Inc. has a one year low of $20.58 and a one year high of $28.46.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Wednesday, May 10th. The textile maker reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Wolverine World Wide had a net margin of 3.47% and a return on equity of 14.14%. The business had revenue of $591.30 million during the quarter, compared to analysts’ expectations of $557.53 million. During the same quarter in the prior year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts expect that Wolverine World Wide, Inc. will post $1.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 2nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, September 29th. Wolverine World Wide’s payout ratio is 27.27%.

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A number of research analysts have issued reports on WWW shares. TheStreet raised shares of Wolverine World Wide from a “c+” rating to a “b” rating in a report on Wednesday, May 10th. Zacks Investment Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Saturday, May 13th. BidaskClub raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $24.00 price target on shares of Wolverine World Wide in a report on Friday, June 9th. Finally, ValuEngine cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.57.

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, Chaco footwear, and Sebago footwear and apparel; 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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