Heartland Advisors Inc. grew its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,485 shares of the textile maker’s stock after acquiring an additional 29,362 shares during the quarter. Wolverine World Wide comprises approximately 0.9% of Heartland Advisors Inc.’s portfolio, making the stock its 21st biggest holding. Heartland Advisors Inc. owned approximately 0.52% of Wolverine World Wide worth $14,439,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of WWW. Bank of Montreal Can raised its stake in Wolverine World Wide by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock valued at $138,000 after acquiring an additional 64 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Wolverine World Wide in the 1st quarter worth $200,000. Everence Capital Management Inc. acquired a new stake in shares of Wolverine World Wide in the second quarter worth $202,000. Papp L Roy & Associates acquired a new stake in shares of Wolverine World Wide in the second quarter worth $204,000. Finally, Riverhead Capital Management LLC boosted its position in shares of Wolverine World Wide by 62.2% in the second quarter. Riverhead Capital Management LLC now owns 7,625 shares of the textile maker’s stock worth $214,000 after buying an additional 2,925 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://weekherald.com/2017/11/14/wolverine-world-wide-inc-www-position-increased-by-heartland-advisors-inc.html.
Shares of Wolverine World Wide, Inc. (NYSE WWW) traded up $0.05 during mid-day trading on Tuesday, reaching $27.80. 830,800 shares of the company’s stock traded hands, compared to its average volume of 784,946. The firm has a market capitalization of $2,660.00, a P/E ratio of 17.79, a PEG ratio of 1.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.09 and a quick ratio of 2.06. Wolverine World Wide, Inc. has a 1 year low of $20.94 and a 1 year high of $29.62.
Wolverine World Wide (NYSE:WWW) last issued its earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm had revenue of $581.30 million for the quarter, compared to analyst estimates of $552.36 million. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. research analysts forecast that Wolverine World Wide, Inc. will post 1.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. Wolverine World Wide’s dividend payout ratio is currently 40.00%.
A number of equities analysts have recently commented on WWW shares. TheStreet lowered Wolverine World Wide from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Telsey Advisory Group boosted their price target on Wolverine World Wide from $29.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, November 9th. Buckingham Research upped their price objective on Wolverine World Wide from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday, August 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $26.00 target price on shares of Wolverine World Wide in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.65.
Wolverine World Wide Profile
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.
Receive News & Ratings for Wolverine World Wide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.