Wolverine World Wide, Inc. (NYSE:WWW) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 825,279 shares of the textile maker’s stock after selling 3,064 shares during the quarter. New York State Common Retirement Fund owned about 1.03% of Wolverine World Wide worth $18,321,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. KBC Group NV boosted its stake in shares of Wolverine World Wide by 43.8% during the fourth quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock valued at $96,000 after acquiring an additional 1,311 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Wolverine World Wide by 12.5% during the 4th quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after purchasing an additional 563 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Wolverine World Wide during the 3rd quarter worth about $113,000. HighTower Advisors LLC acquired a new stake in shares of Wolverine World Wide during the 3rd quarter worth about $192,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Wolverine World Wide during the 3rd quarter worth about $195,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Analyst Ratings Changes

WWW has been the topic of a number of analyst reports. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Robert W. Baird reduced their target price on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group lowered their price target on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of Wolverine World Wide in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Wolverine World Wide currently has an average rating of “Moderate Buy” and an average price target of $21.50.

Wolverine World Wide Stock Performance

Wolverine World Wide stock opened at $15.16 on Friday. The stock’s 50-day moving average is $21.71 and its 200-day moving average is $18.79. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 27.55 and a beta of 1.88. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.29 and a quick ratio of 0.77. Wolverine World Wide, Inc. has a 12 month low of $9.06 and a 12 month high of $24.64.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The firm had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. During the same quarter last year, the firm posted ($0.30) earnings per share. Wolverine World Wide’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities analysts anticipate that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling at Wolverine World Wide

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.57, for a total value of $181,182.59. Following the transaction, the insider now directly owns 34,206 shares of the company’s stock, valued at $806,235.42. This trade represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.28% of the stock is currently owned by corporate insiders.

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.