Natixis Advisors L.P. Has $398,000 Stock Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

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Natixis Advisors L.P. cut its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 73.5% in the second quarter, Holdings Channel.com reports. The fund owned 14,453 shares of the textile maker’s stock after selling 40,146 shares during the quarter. Natixis Advisors L.P.’s holdings in Wolverine World Wide were worth $398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in Wolverine World Wide by 12.0% in the second quarter. JPMorgan Chase & Co. now owns 2,427,186 shares of the textile maker’s stock valued at $66,359,000 after acquiring an additional 259,811 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in shares of Wolverine World Wide by 3.3% in the first quarter. Champlain Investment Partners LLC now owns 1,924,285 shares of the textile maker’s stock worth $68,755,000 after buying an additional 61,915 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Wolverine World Wide by 3.4% in the first quarter. Royce & Associates LP now owns 1,386,645 shares of the textile maker’s stock worth $49,545,000 after buying an additional 45,600 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Wolverine World Wide by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 1,191,777 shares of the textile maker’s stock worth $32,823,000 after buying an additional 10,674 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Wolverine World Wide by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 1,003,698 shares of the textile maker’s stock worth $32,007,000 after buying an additional 89,817 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

WWW has been the subject of a number of analyst reports. Pivotal Research restated a “hold” rating and issued a $30.00 price objective (down from $34.00) on shares of Wolverine World Wide in a research note on Friday, August 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $34.00 price objective (down from $38.00) on shares of Wolverine World Wide in a research note on Monday, August 5th. Finally, Stifel Nicolaus set a $36.00 price objective on shares of Wolverine World Wide and gave the stock a “buy” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Wolverine World Wide currently has a consensus rating of “Hold” and an average target price of $36.80.

Shares of Wolverine World Wide stock traded down $0.04 on Thursday, reaching $28.56. The stock had a trading volume of 16,126 shares, compared to its average volume of 895,094. The business’s 50-day moving average price is $26.17 and its two-hundred day moving average price is $30.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.70 and a current ratio of 1.25. Wolverine World Wide, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $39.77. The stock has a market cap of $2.51 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. Wolverine World Wide had a net margin of 8.02% and a return on equity of 21.21%. The business had revenue of $568.60 million during the quarter, compared to analysts’ expectations of $575.24 million. During the same period in the previous year, the company earned $0.54 earnings per share. Wolverine World Wide’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities analysts forecast that Wolverine World Wide, Inc. will post 2.28 earnings per share for the current fiscal year.

Wolverine World Wide declared that its Board of Directors has initiated a share buyback program on Wednesday, September 11th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the textile maker to buy up to 17.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Monday, September 30th. Wolverine World Wide’s dividend payout ratio (DPR) is currently 18.43%.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.

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

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