Nissay Asset Management Corp Japan ADV grew its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,870 shares of the textile maker’s stock after purchasing an additional 3,286 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Wolverine World Wide were worth $2,005,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of WWW. Oregon Public Employees Retirement Fund acquired a new position in shares of Wolverine World Wide in the 4th quarter valued at about $36,000. Huntington National Bank increased its holdings in shares of Wolverine World Wide by 77.2% in the 4th quarter. Huntington National Bank now owns 2,929 shares of the textile maker’s stock valued at $93,000 after purchasing an additional 1,276 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Wolverine World Wide in the 3rd quarter valued at about $110,000. Tower Research Capital LLC TRC increased its holdings in shares of Wolverine World Wide by 110.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,148 shares of the textile maker’s stock valued at $201,000 after purchasing an additional 2,705 shares during the period. Finally, Raymond James & Associates acquired a new position in shares of Wolverine World Wide in the 2nd quarter valued at about $205,000. Institutional investors own 92.82% of the company’s stock.
Several equities research analysts recently commented on WWW shares. ValuEngine raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Saturday, February 16th. Piper Jaffray Companies set a $38.00 price target on Wolverine World Wide and gave the company a “hold” rating in a research note on Thursday, November 8th. Pivotal Research reissued a “hold” rating and issued a $37.00 price target on shares of Wolverine World Wide in a research note on Monday, November 5th. Finally, Telsey Advisory Group lowered their price target on Wolverine World Wide from $39.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, November 8th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Wolverine World Wide currently has a consensus rating of “Buy” and a consensus price target of $40.36.
Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, February 20th. The textile maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $579.60 million during the quarter, compared to analysts’ expectations of $584.55 million. Wolverine World Wide had a return on equity of 21.00% and a net margin of 8.90%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, equities analysts forecast that Wolverine World Wide, Inc. will post 2.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. This is a boost from Wolverine World Wide’s previous quarterly dividend of $0.08. Wolverine World Wide’s dividend payout ratio is presently 14.75%.
Wolverine World Wide Profile
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.
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