American Century Companies Inc. Has $2.65 Million Stock Position in Wolverine World Wide, Inc. $WWW

American Century Companies Inc. increased its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 13.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 190,588 shares of the textile maker’s stock after buying an additional 23,212 shares during the quarter. American Century Companies Inc. owned about 0.24% of Wolverine World Wide worth $2,651,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Wolverine World Wide in the first quarter worth approximately $608,000. Illinois Municipal Retirement Fund raised its stake in shares of Wolverine World Wide by 8.4% in the first quarter. Illinois Municipal Retirement Fund now owns 44,317 shares of the textile maker’s stock worth $616,000 after purchasing an additional 3,441 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Wolverine World Wide in the first quarter worth approximately $3,440,000. Nuveen Asset Management LLC raised its stake in shares of Wolverine World Wide by 179.1% in the fourth quarter. Nuveen Asset Management LLC now owns 628,338 shares of the textile maker’s stock worth $13,949,000 after purchasing an additional 403,176 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Wolverine World Wide in the fourth quarter worth approximately $204,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, Director Nicholas T. Long sold 12,854 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $31.84, for a total transaction of $409,271.36. Following the sale, the director owned 76,268 shares in the company, valued at $2,428,373.12. This trade represents a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brenda J. Lauderback sold 12,854 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $32.14, for a total value of $413,127.56. Following the sale, the director owned 48,675 shares in the company, valued at $1,564,414.50. The trade was a 20.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WWW. Telsey Advisory Group reissued a “market perform” rating and issued a $29.00 price objective (up from $17.00) on shares of Wolverine World Wide in a research note on Wednesday, August 6th. Stifel Nicolaus upped their target price on Wolverine World Wide from $30.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Robert W. Baird upped their target price on Wolverine World Wide from $15.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $32.00 target price (up from $25.00) on shares of Wolverine World Wide in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Wolverine World Wide has an average rating of “Buy” and an average target price of $27.50.

Wolverine World Wide Price Performance

Wolverine World Wide stock opened at $32.01 on Monday. Wolverine World Wide, Inc. has a one year low of $9.58 and a one year high of $32.59. The business has a fifty day moving average price of $23.62 and a 200-day moving average price of $17.87. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.24 and a quick ratio of 0.75. The firm has a market capitalization of $2.60 billion, a P/E ratio of 31.38 and a beta of 1.80.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, August 6th. The textile maker reported $0.35 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 firm had revenue of $474.20 million during the quarter, compared to analyst estimates of $447.82 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, equities research 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 declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 39.22%.

About Wolverine World Wide

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.