Wolverine World Wide, Inc. (WWW) Shares Bought by Rhumbline Advisers
Rhumbline Advisers raised its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 234,773 shares of the textile maker’s stock after buying an additional 30,498 shares during the quarter. Rhumbline Advisers’ holdings in Wolverine World Wide were worth $7,485,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in WWW. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Wolverine World Wide in the second quarter valued at about $304,000. APG Asset Management N.V. acquired a new position in shares of Wolverine World Wide in the third quarter valued at about $3,895,000. Nationwide Fund Advisors increased its holdings in shares of Wolverine World Wide by 3.7% in the third quarter. Nationwide Fund Advisors now owns 142,188 shares of the textile maker’s stock valued at $4,102,000 after purchasing an additional 5,092 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Wolverine World Wide in the third quarter valued at about $564,000. Finally, Chicago Equity Partners LLC increased its holdings in shares of Wolverine World Wide by 9.2% in the third quarter. Chicago Equity Partners LLC now owns 135,050 shares of the textile maker’s stock valued at $3,896,000 after purchasing an additional 11,335 shares during the period. 93.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wolverine World Wide, Inc. (NYSE:WWW) opened at $29.10 on Monday. The company has a market capitalization of $2,780.00, a PE ratio of 970.00, a P/E/G ratio of 1.15 and a beta of 1.00. Wolverine World Wide, Inc. has a 1-year low of $23.45 and a 1-year high of $33.82. The company has a current ratio of 2.97, a quick ratio of 2.20 and a debt-to-equity ratio of 0.78.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, April 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.10%. This is a positive change from Wolverine World Wide’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 29th. Wolverine World Wide’s dividend payout ratio (DPR) is 800.00%.
In related news, insider James D. Zwiers sold 100,600 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $29.79, for a total transaction of $2,996,874.00. Following the sale, the insider now directly owns 190,893 shares of the company’s stock, valued at $5,686,702.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.65% of the stock is owned by company insiders.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Citigroup increased their price objective on Wolverine World Wide from $32.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Stifel Nicolaus set a $34.00 price objective on Wolverine World Wide and gave the company a “buy” rating in a report on Saturday, December 16th. Pivotal Research lowered Wolverine World Wide from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a report on Friday, February 9th. Finally, DA Davidson raised Wolverine World Wide from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Thursday, February 22nd. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.88.
ILLEGAL ACTIVITY NOTICE: This article was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2018/03/05/wolverine-world-wide-inc-www-shares-bought-by-rhumbline-advisers.html.
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.
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).
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.