OxFORD Asset Management LLP Sells 48,240 Shares of Wolverine World Wide, Inc. (WWW)

OxFORD Asset Management LLP trimmed its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 36.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 83,933 shares of the textile maker’s stock after selling 48,240 shares during the quarter. OxFORD Asset Management LLP owned 0.09% of Wolverine World Wide worth $2,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Wolverine World Wide by 5.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 641,351 shares of the textile maker’s stock worth $18,503,000 after buying an additional 35,585 shares during the period. Wells Fargo & Company MN increased its stake in shares of Wolverine World Wide by 32.0% in the third quarter. Wells Fargo & Company MN now owns 142,666 shares of the textile maker’s stock worth $4,116,000 after buying an additional 34,555 shares during the period. Citadel Advisors LLC increased its stake in shares of Wolverine World Wide by 568.4% in the third quarter. Citadel Advisors LLC now owns 639,185 shares of the textile maker’s stock worth $18,440,000 after buying an additional 543,559 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Wolverine World Wide by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 1,686,193 shares of the textile maker’s stock worth $48,799,000 after buying an additional 191,771 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Wolverine World Wide by 2.8% in the third quarter. Legal & General Group Plc now owns 233,017 shares of the textile maker’s stock worth $6,724,000 after buying an additional 6,429 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.

WWW has been the topic of several analyst reports. ValuEngine downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Robert W. Baird reaffirmed a “buy” rating and issued a $32.00 target price on shares of Wolverine World Wide in a research note on Sunday, September 17th. Morgan Stanley lifted their target price on shares of Wolverine World Wide from $22.50 to $24.50 and gave the stock an “equal weight” rating in a research note on Monday, September 25th. Pivotal Research initiated coverage on shares of Wolverine World Wide in a research note on Thursday, October 5th. They issued a “hold” rating and a $32.00 target price on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of Wolverine World Wide in a research note on Wednesday, October 11th. One 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 has a consensus rating of “Hold” and an average target price of $25.65.

Shares of Wolverine World Wide, Inc. (NYSE WWW) traded down $0.24 during trading on Wednesday, reaching $29.22. 595,300 shares of the company’s stock were exchanged, compared to its average volume of 779,205. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74. The stock has a market cap of $2,830.00, a P/E ratio of 18.89, a P/E/G ratio of 1.44 and a beta of 0.96. Wolverine World Wide, Inc. has a fifty-two week low of $20.94 and a fifty-two week high of $29.99.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. The business had revenue of $581.30 million for the quarter, compared to the consensus estimate of $552.36 million. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. sell-side analysts expect that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, December 29th. Wolverine World Wide’s payout ratio is currently 40.00%.

In other Wolverine World Wide news, Director Joseph R. Gromek sold 18,928 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $29.14, for a total transaction of $551,561.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Jeppesen sold 11,807 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total transaction of $330,241.79. The disclosure for this sale can be found here. 5.65% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “OxFORD Asset Management LLP Sells 48,240 Shares of Wolverine World Wide, Inc. (WWW)” was originally reported by Week Herald and is the property of of Week Herald. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://weekherald.com/2017/12/13/oxford-asset-management-llp-sells-48240-shares-of-wolverine-world-wide-inc-www.html.

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.

Want to see what other hedge funds are holding WWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wolverine World Wide, Inc. (NYSE:WWW).

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

Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply