48,596 Shares in Wolverine World Wide, Inc. (WWW) Purchased by SG Americas Securities LLC
SG Americas Securities LLC acquired a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the third quarter, according to its most recent filing with the SEC. The fund acquired 48,596 shares of the textile maker’s stock, valued at approximately $1,402,000. SG Americas Securities LLC owned 0.05% of Wolverine World Wide as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in Wolverine World Wide by 1.6% during the third quarter. Rhumbline Advisers now owns 204,275 shares of the textile maker’s stock worth $5,893,000 after buying an additional 3,285 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in Wolverine World Wide by 59.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 36,360 shares of the textile maker’s stock worth $1,049,000 after buying an additional 13,520 shares in the last quarter. Sei Investments Co. grew its position in Wolverine World Wide by 12.9% during the third quarter. Sei Investments Co. now owns 124,943 shares of the textile maker’s stock worth $3,605,000 after buying an additional 14,319 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Wolverine World Wide by 56.9% during the third quarter. BNP Paribas Arbitrage SA now owns 52,507 shares of the textile maker’s stock worth $1,515,000 after buying an additional 19,040 shares in the last quarter. Finally, FDx Advisors Inc. grew its position in Wolverine World Wide by 104.1% during the third quarter. FDx Advisors Inc. now owns 18,315 shares of the textile maker’s stock worth $528,000 after buying an additional 9,342 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.
In other news, insider Michael Jeppesen sold 11,807 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total value of $330,241.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.65% of the stock is currently owned by corporate insiders.
Wolverine World Wide, Inc. (WWW) traded up $0.56 on Wednesday, hitting $28.36. The stock had a trading volume of 572,000 shares, compared to its average volume of 779,292. Wolverine World Wide, Inc. has a 1 year low of $20.94 and a 1 year high of $29.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.09 and a quick ratio of 2.06. The stock has a market cap of $2,696.28, a PE ratio of 18.06, a P/E/G ratio of 1.38 and a beta of 0.94.
Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. The firm had revenue of $581.30 million during the quarter, compared to analysts’ expectations of $552.36 million. During the same period in the prior year, the business earned $0.49 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. research analysts expect that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, December 29th. Wolverine World Wide’s payout ratio is currently 40.00%.
WWW has been the subject of several recent analyst reports. Piper Jaffray Companies restated a “hold” rating and set a $25.00 target price on shares of Wolverine World Wide in a research report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Wolverine World Wide in a research report on Wednesday, October 11th. Pivotal Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $33.00 in a research report on Wednesday, November 8th. TheStreet cut Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley boosted their target price on Wolverine World Wide from $22.50 to $24.50 and gave the stock an “equal weight” rating in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Wolverine World Wide currently has an average rating of “Hold” and a consensus price target of $25.65.
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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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