Voya Investment Management LLC Increases Holdings in Wolverine World Wide, Inc. (WWW)
Voya Investment Management LLC raised its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 184.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,856 shares of the textile maker’s stock after purchasing an additional 74,547 shares during the quarter. Voya Investment Management LLC owned approximately 0.12% of Wolverine World Wide worth $3,217,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in WWW. Teacher Retirement System of Texas bought a new position in Wolverine World Wide during the 2nd quarter worth $221,000. Chicago Equity Partners LLC increased its position in Wolverine World Wide by 23.8% during the 2nd 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 during the period. FMR LLC increased its position in Wolverine World Wide by 6.8% during the 1st quarter. FMR LLC now owns 1,937,005 shares of the textile maker’s stock worth $48,367,000 after buying an additional 123,641 shares during the period. Dimensional Fund Advisors LP increased its position in Wolverine World Wide by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,687,149 shares of the textile maker’s stock worth $117,039,000 after buying an additional 226,965 shares during the period. Finally, Heartland Advisors Inc. increased its position in Wolverine World Wide by 33.8% during the 2nd 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 during the period. 90.84% of the stock is owned by institutional investors and hedge funds.
Wolverine World Wide, Inc. (WWW) opened at 27.97 on Friday. The company has a market cap of $2.70 billion, a PE ratio of 32.87 and a beta of 0.98. The company has a 50 day moving average price of $27.61 and a 200-day moving average price of $26.37. Wolverine World Wide, Inc. has a 12 month low of $20.58 and a 12 month high of $29.62.
Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. The business had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $573.78 million. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. Equities analysts predict that Wolverine World Wide, Inc. will post $1.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 2nd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. Wolverine World Wide’s dividend payout ratio (DPR) is 28.24%.
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WWW has been the topic of several recent research reports. BidaskClub cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. ValuEngine cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies set a $25.00 price objective on Wolverine World Wide and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Saturday, August 12th. Finally, Robert W. Baird reiterated 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, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.06.
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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