Wolverine World Wide, Inc. (NYSE:WWW) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,848 shares of the textile maker’s stock after buying an additional 609 shares during the period. HighTower Advisors LLC’s holdings in Wolverine World Wide were worth $665,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. lifted its position in Wolverine World Wide by 5.6% during the first quarter. BlackRock Inc. now owns 13,391,716 shares of the textile maker’s stock valued at $513,171,000 after buying an additional 711,972 shares in the last quarter. Earnest Partners LLC lifted its position in Wolverine World Wide by 12.4% during the first quarter. Earnest Partners LLC now owns 5,579,343 shares of the textile maker’s stock valued at $213,800,000 after buying an additional 616,196 shares in the last quarter. Champlain Investment Partners LLC lifted its position in Wolverine World Wide by 9.4% during the first quarter. Champlain Investment Partners LLC now owns 3,864,235 shares of the textile maker’s stock valued at $148,077,000 after buying an additional 333,015 shares in the last quarter. Victory Capital Management Inc. lifted its position in Wolverine World Wide by 37.8% during the second quarter. Victory Capital Management Inc. now owns 1,471,834 shares of the textile maker’s stock valued at $49,512,000 after buying an additional 403,795 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Wolverine World Wide by 8.2% during the first quarter. Geode Capital Management LLC now owns 1,299,495 shares of the textile maker’s stock valued at $49,796,000 after buying an additional 98,076 shares in the last quarter. 91.20% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Kyle Hanson sold 2,231 shares of the business’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 owns 7,581 shares of the company’s stock, valued at $276,706.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William K. Gerber sold 3,104 shares of the business’s stock in a transaction on Tuesday, August 10th. The shares were 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. In the last quarter, insiders have sold 8,141 shares of company stock valued at $300,452. 4.73% of the stock is owned by insiders.

Shares of NYSE:WWW opened at $31.99 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 company has a fifty day simple moving average of $34.65 and a 200 day simple moving average of $36.57. The firm has a market cap of $2.63 billion, a PE ratio of -37.64 and a beta of 1.82. Wolverine World Wide, Inc. has a 12-month low of $24.81 and a 12-month 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, topping analysts’ consensus estimates of $0.47 by $0.20. The business had revenue of $631.90 million during the quarter, compared to analyst estimates of $566.90 million. Wolverine World Wide had a negative net margin of 3.06% and a positive return on equity of 20.83%. As a group, equities research analysts forecast that Wolverine World Wide, Inc. will post 2.31 EPS for the current fiscal 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. The ex-dividend date is Thursday, September 30th. This represents a $0.40 annualized dividend and a yield of 1.25%. Wolverine World Wide’s payout ratio is 43.01%.

A number of analysts have recently issued reports on WWW shares. Robert W. Baird lifted their price objective on shares of Wolverine World Wide from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. BNP Paribas upgraded shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, August 10th. Telsey Advisory Group dropped their price objective on shares of Wolverine World Wide from $45.00 to $38.00 and set a “market perform” rating on the stock in a research note on Friday, July 30th. TheStreet lowered shares of Wolverine World Wide from a “b-” rating to a “c” rating in a research note on Thursday, June 24th. Finally, Exane BNP Paribas upgraded shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, August 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Buy” and a consensus price target of $40.27.

Wolverine World Wide Profile

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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