Wolverine World Wide, Inc. $WWW Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,005,788 shares of the textile maker’s stock after acquiring an additional 45,779 shares during the quarter. Vanguard Group Inc. owned about 11.11% of Wolverine World Wide worth $125,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Natixis acquired a new stake in Wolverine World Wide during the 4th quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Wolverine World Wide during the 4th quarter worth approximately $64,000. PNC Financial Services Group Inc. lifted its position in Wolverine World Wide by 10.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,132 shares of the textile maker’s stock worth $127,000 after acquiring an additional 863 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Wolverine World Wide during the 4th quarter worth approximately $204,000. Finally, Teza Capital Management LLC acquired a new stake in Wolverine World Wide during the 4th quarter worth approximately $255,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WWW has been the subject of a number of recent research reports. UBS Group increased their price objective on Wolverine World Wide from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Telsey Advisory Group reissued a “market perform” rating and set a $29.00 target price (up from $17.00) on shares of Wolverine World Wide in a research note on Wednesday, August 6th. KeyCorp reissued an “overweight” rating and set a $32.00 target price (up from $25.00) on shares of Wolverine World Wide in a research note on Thursday, August 7th. Finally, Robert W. Baird increased their target price on Wolverine World Wide from $15.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $25.38.

Wolverine World Wide Stock Performance

Shares of WWW stock opened at $28.7950 on Friday. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 28.23 and a beta of 1.74. The stock has a 50 day simple moving average of $21.94 and a 200-day simple moving average of $17.45. Wolverine World Wide, Inc. has a 12-month low of $9.58 and a 12-month high of $28.97. The company has a current ratio of 1.24, a quick ratio of 0.75 and a debt-to-equity ratio of 1.58.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Wednesday, August 6th. The textile maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. Wolverine World Wide had a return on equity of 31.99% and a net margin of 4.73%.The business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $447.82 million. During the same period in the prior year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities analysts forecast that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 39.22%.

Wolverine World Wide Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.