O Shaughnessy Asset Management LLC Takes Position in Wolverine World Wide, Inc. (NYSE:WWW)

O Shaughnessy Asset Management LLC purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,096 shares of the textile maker’s stock, valued at approximately $911,000.

Several other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Wolverine World Wide in the first quarter valued at about $2,579,000. Bank of New York Mellon Corp increased its position in shares of Wolverine World Wide by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 1,180,287 shares of the textile maker’s stock valued at $45,228,000 after acquiring an additional 29,152 shares during the last quarter. Landscape Capital Management L.L.C. increased its position in shares of Wolverine World Wide by 190.7% in the second quarter. Landscape Capital Management L.L.C. now owns 52,802 shares of the textile maker’s stock valued at $1,776,000 after acquiring an additional 34,638 shares during the last quarter. Amundi Asset Management US Inc. increased its position in shares of Wolverine World Wide by 387.6% in the first quarter. Amundi Asset Management US Inc. now owns 177,925 shares of the textile maker’s stock valued at $6,818,000 after acquiring an additional 141,437 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Wolverine World Wide by 4.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 86,227 shares of the textile maker’s stock valued at $2,901,000 after acquiring an additional 3,484 shares during the last quarter. Institutional investors own 91.20% of the company’s stock.

Shares of WWW stock opened at $33.40 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.44 and a debt-to-equity ratio of 1.09. The stock has a market cap of $2.75 billion, a P/E ratio of -39.29 and a beta of 1.82. The stock has a 50 day simple moving average of $34.66 and a 200 day simple moving average of $36.66. Wolverine World Wide, Inc. has a 1 year low of $24.12 and a 1 year high of $44.74.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, July 29th. The textile maker reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.20. Wolverine World Wide had a positive return on equity of 20.83% and a negative net margin of 3.06%. Analysts forecast that Wolverine World Wide, Inc. will post 2.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 1st. Shareholders of record on Friday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, September 30th. Wolverine World Wide’s payout ratio is presently 43.01%.

In other news, VP Kyle Hanson sold 2,231 shares of the company’s stock in a transaction on Tuesday, September 7th. The shares were sold at an average price of $36.50, for a total transaction of $81,431.50. Following the completion of the transaction, the vice president now directly owns 7,581 shares in the company, valued at $276,706.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William K. Gerber sold 3,104 shares of the company’s stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $37.33, for a total transaction of $115,872.32. The disclosure for this sale can be found here. Insiders have sold 8,141 shares of company stock valued at $300,452 over the last 90 days. Corporate insiders own 4.73% of the company’s stock.

A number of analysts recently issued reports on WWW shares. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Tuesday, August 10th. Telsey Advisory Group lowered their target price on Wolverine World Wide from $45.00 to $38.00 and set a “market perform” rating on the stock in a research report on Friday, July 30th. TheStreet downgraded Wolverine World Wide from a “b-” rating to a “c” rating in a research report on Thursday, June 24th. Robert W. Baird boosted their price objective on Wolverine World Wide from $45.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, August 4th. Finally, Pivotal Research restated a “buy” rating and set a $50.00 price objective on shares of Wolverine World Wide in a report on Monday, July 26th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Wolverine World Wide presently has a consensus rating of “Buy” and an average target price of $40.27.

About Wolverine World Wide

Wolverine World Wide, Inc engages in the design, manufacture and sale of branded casual, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel. It operates through the following segments: Wolverine Michigan Group and Wolverine Boston Group. The Wolverine Michigan Group consists of Merrell footwear and apparel, Cat footwear, Wolverine footwear and apparel, Chaco footwear, Hush Puppies footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and Hytest safety footwear.

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

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