Wells Fargo & Company MN grew its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 32.0% in the 3rd quarter, Holdings Channel reports. The firm owned 142,666 shares of the textile maker’s stock after acquiring an additional 34,555 shares during the quarter. Wells Fargo & Company MN’s holdings in Wolverine World Wide were worth $4,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in WWW. Riverhead Capital Management LLC increased its position in shares of Wolverine World Wide by 62.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,625 shares of the textile maker’s stock valued at $214,000 after purchasing an additional 2,925 shares during the last quarter. Miles Capital Inc. purchased a new stake in shares of Wolverine World Wide during the 2nd quarter valued at $222,000. Advisory Services Network LLC increased its position in shares of Wolverine World Wide by 5.3% during the 2nd quarter. Advisory Services Network LLC now owns 8,336 shares of the textile maker’s stock valued at $234,000 after purchasing an additional 421 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Wolverine World Wide during the 2nd quarter valued at $246,000. Finally, Shelton Capital Management purchased a new stake in shares of Wolverine World Wide during the 2nd quarter valued at $265,000. 92.48% of the stock is owned by hedge funds and other institutional investors.

In other Wolverine World Wide news, Director Joseph R. Gromek sold 18,928 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $29.14, for a total value of $551,561.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Jeppesen sold 11,807 shares of the firm’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 disclosure for this sale can be found here. 5.65% of the stock is currently owned by corporate insiders.

Wolverine World Wide, Inc. (NYSE:WWW) opened at $31.67 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.06 and a current ratio of 3.09. The firm has a market capitalization of $3,030.00, a price-to-earnings ratio of 53.68, a PEG ratio of 1.35 and a beta of 0.95. Wolverine World Wide, Inc. has a 12 month low of $20.94 and a 12 month high of $32.51.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $581.30 million during the quarter, compared to the consensus estimate of $552.36 million. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. research analysts forecast that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, December 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. Wolverine World Wide’s payout ratio is 40.68%.

Several equities research analysts have recently issued reports on WWW shares. TheStreet lowered Wolverine World Wide from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies reaffirmed 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 reaffirmed a “hold” rating on shares of Wolverine World Wide in a research report on Wednesday, October 11th. Pivotal Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and raised their target price for the company from $32.00 to $33.00 in a research report on Wednesday, November 8th. Finally, Morgan Stanley raised their target price on Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a research report on Monday, September 25th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.25.

WARNING: This report was published by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.dailypolitical.com/2018/01/08/wolverine-world-wide-inc-www-shares-bought-by-wells-fargo-company-mn.html.

About Wolverine World Wide

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.

Want to see what other hedge funds are holding WWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wolverine World Wide, Inc. (NYSE:WWW).

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

Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.