Wolverine World Wide, Inc. (WWW) Holdings Trimmed by Seizert Capital Partners LLC

Seizert Capital Partners LLC cut its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,906 shares of the textile maker’s stock after selling 13,873 shares during the period. Seizert Capital Partners LLC owned about 0.12% of Wolverine World Wide worth $3,344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WWW. BlackRock Inc. lifted its stake in Wolverine World Wide by 55,444.0% during the first quarter. BlackRock Inc. now owns 12,193,018 shares of the textile maker’s stock worth $304,461,000 after purchasing an additional 12,171,066 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of Wolverine World Wide during the second quarter worth $27,385,000. Prudential Financial Inc. increased its holdings in shares of Wolverine World Wide by 129.1% during the second quarter. Prudential Financial Inc. now owns 1,154,622 shares of the textile maker’s stock worth $32,341,000 after buying an additional 650,710 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Wolverine World Wide by 22.1% during the third quarter. Victory Capital Management Inc. now owns 2,903,558 shares of the textile maker’s stock worth $83,768,000 after buying an additional 525,150 shares in the last quarter. Finally, Marshall Wace North America L.P. increased its holdings in shares of Wolverine World Wide by 180.8% during the second quarter. Marshall Wace North America L.P. now owns 808,859 shares of the textile maker’s stock worth $22,648,000 after buying an additional 520,754 shares in the last quarter. Hedge funds and other institutional investors own 90.95% of the company’s stock.

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Shares of Wolverine World Wide, Inc. (NYSE:WWW) traded down $0.54 during trading on Friday, reaching $26.59. The company’s stock had a trading volume of 818,360 shares, compared to its average volume of 676,397. The stock has a market capitalization of $2,589.84, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.95 and a current ratio of 2.81.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.43 EPS for the quarter, beating the consensus estimate of $0.29 by $0.14. The company had revenue of $598.80 million during the quarter, compared to analysts’ expectations of $573.78 million. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. research analysts forecast that Wolverine World Wide, Inc. will post 1.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, December 29th. Wolverine World Wide’s dividend payout ratio (DPR) is 28.24%.

Several brokerages have recently issued reports on WWW. Piper Jaffray Companies set a $25.00 price target on shares of Wolverine World Wide and gave the stock a “hold” rating in a report on Wednesday, August 9th. ValuEngine upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Friday, August 11th. BidaskClub downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Saturday, August 12th. Finally, Robert W. Baird restated a “buy” rating and issued a $32.00 price objective on shares of Wolverine World Wide in a report on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $25.06.

About Wolverine World Wide

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.

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

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