Schwab Charles Investment Management Inc. grew its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 605,766 shares of the textile maker’s stock after purchasing an additional 24,390 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.63% of Wolverine World Wide worth $16,968,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of WWW. Bank of Montreal Can grew its position in shares of Wolverine World Wide by 15.1% during the first quarter. Bank of Montreal Can now owns 4,840 shares of the textile maker’s stock valued at $121,000 after purchasing an additional 635 shares in the last quarter. Meadow Creek Investment Management LLC grew its position in shares of Wolverine World Wide by 16.7% during the first quarter. Meadow Creek Investment Management LLC now owns 6,426 shares of the textile maker’s stock valued at $160,000 after purchasing an additional 918 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Wolverine World Wide during the first quarter valued at about $200,000. Papp L Roy & Associates purchased a new position in shares of Wolverine World Wide during the second quarter valued at about $204,000. Finally, Ronna Sue Cohen purchased a new position in shares of Wolverine World Wide during the first quarter valued at about $208,000. Hedge funds and other institutional investors own 90.84% of the company’s stock.

A number of brokerages have recently weighed in on WWW. Piper Jaffray Companies set a $25.00 price objective on Wolverine World Wide and gave the company a “hold” rating in a research report on Wednesday, August 9th. ValuEngine upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. BidaskClub lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Saturday, August 12th. Finally, Robert W. Baird restated a “buy” rating and set a $32.00 price objective on shares of Wolverine World Wide in a research report on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.14.

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Wolverine World Wide, Inc. (NYSE:WWW) opened at 27.54 on Friday. Wolverine World Wide, Inc. has a one year low of $20.58 and a one year high of $28.64. The company has a 50 day moving average of $26.74 and a 200-day moving average of $25.95. The company has a market cap of $2.66 billion, a P/E ratio of 32.36 and a beta of 0.94.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.14. Wolverine World Wide had a net margin of 3.32% and a return on equity of 15.81%. The company had revenue of $598.80 million during the quarter, compared to analysts’ expectations of $573.78 million. During the same quarter in the prior year, the company earned $0.26 EPS. Wolverine World Wide’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts expect that Wolverine World Wide, Inc. will post $1.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 2nd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.24 annualized dividend and a yield of 0.87%. Wolverine World Wide’s dividend payout ratio is presently 28.24%.

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.

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

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