Eagle Asset Management Inc. decreased its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 470,993 shares of the textile maker’s stock after selling 2,341 shares during the quarter. Eagle Asset Management Inc. owned about 0.50% of Wolverine World Wide worth $18,392,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in WWW. Vaughan Nelson Investment Management L.P. purchased a new position in Wolverine World Wide during the second quarter worth approximately $24,604,000. BlackRock Inc. raised its position in Wolverine World Wide by 5.3% in the second quarter. BlackRock Inc. now owns 13,103,559 shares of the textile maker’s stock valued at $455,613,000 after purchasing an additional 664,587 shares during the period. Monarch Partners Asset Management LLC purchased a new stake in Wolverine World Wide in the second quarter valued at $17,715,000. Braun Stacey Associates Inc. purchased a new stake in Wolverine World Wide in the third quarter valued at $9,510,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in Wolverine World Wide in the second quarter valued at $6,004,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

In other news, VP Amy M. Klimek sold 11,628 shares of Wolverine World Wide stock in a transaction on Friday, November 9th. The stock was sold at an average price of $33.19, for a total value of $385,933.32. Following the completion of the sale, the vice president now directly owns 47,086 shares of the company’s stock, valued at $1,562,784.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Woodworth sold 19,376 shares of Wolverine World Wide stock in a transaction on Friday, August 31st. The shares were sold at an average price of $38.73, for a total value of $750,432.48. Following the completion of the sale, the insider now directly owns 123,040 shares of the company’s stock, valued at $4,765,339.20. The disclosure for this sale can be found here. Insiders own 5.81% of the company’s stock.

A number of equities research analysts have commented on the company. Citigroup lifted their target price on Wolverine World Wide from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, August 30th. Buckingham Research lifted their target price on Wolverine World Wide from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, August 16th. Argus lifted their target price on Wolverine World Wide from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 17th. Zacks Investment Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, August 10th. Finally, Robert W. Baird restated a “buy” rating and issued a $43.00 target price on shares of Wolverine World Wide in a research report on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.42.

Shares of NYSE WWW opened at $32.96 on Wednesday. Wolverine World Wide, Inc. has a twelve month low of $27.75 and a twelve month high of $39.77. The company has a quick ratio of 1.75, a current ratio of 2.65 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $3.15 billion, a PE ratio of 20.10, a PEG ratio of 1.54 and a beta of 1.11.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, November 7th. The textile maker reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.06. Wolverine World Wide had a return on equity of 20.26% and a net margin of 4.45%. The business had revenue of $558.60 million during the quarter, compared to analysts’ expectations of $584.25 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. As a group, research analysts anticipate that Wolverine World Wide, Inc. will post 2.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Wednesday, January 2nd will be paid a $0.08 dividend. The ex-dividend date is Monday, December 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.97%. Wolverine World Wide’s payout ratio is presently 19.51%.

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Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.

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

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