Wolverine World Wide, Inc. (NYSE:WWW) Shares Bought by Advisor Group Inc.

Advisor Group Inc. raised its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 105.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,762 shares of the textile maker’s stock after buying an additional 3,978 shares during the quarter. Advisor Group Inc.’s holdings in Wolverine World Wide were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Huntington National Bank grew its holdings in shares of Wolverine World Wide by 77.2% during the 4th quarter. Huntington National Bank now owns 2,929 shares of the textile maker’s stock worth $93,000 after purchasing an additional 1,276 shares during the period. Tower Research Capital LLC TRC lifted its position in Wolverine World Wide by 110.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,148 shares of the textile maker’s stock worth $201,000 after acquiring an additional 2,705 shares in the last quarter. GAM Holding AG acquired a new position in Wolverine World Wide during the 3rd quarter worth approximately $271,000. Point72 Hong Kong Ltd lifted its position in Wolverine World Wide by 34.1% during the 3rd quarter. Point72 Hong Kong Ltd now owns 7,058 shares of the textile maker’s stock worth $276,000 after acquiring an additional 1,795 shares in the last quarter. Finally, Diversified Trust Co lifted its position in Wolverine World Wide by 5.7% during the 4th quarter. Diversified Trust Co now owns 7,364 shares of the textile maker’s stock worth $235,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 95.73% of the company’s stock.

Several equities analysts recently commented on WWW shares. Zacks Investment Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Saturday, February 16th. ValuEngine raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Telsey Advisory Group reissued a “market perform” rating and set a $38.00 price target (up from $35.00) on shares of Wolverine World Wide in a research report on Tuesday, February 19th. Finally, Wedbush reissued an “outperform” rating and set a $41.00 price target on shares of Wolverine World Wide in a research report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.36.

Shares of WWW traded up $1.04 during trading on Wednesday, reaching $36.98. The company’s stock had a trading volume of 350,584 shares, compared to its average volume of 662,584. Wolverine World Wide, Inc. has a twelve month low of $28.64 and a twelve month high of $39.77. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.59 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.44.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, February 20th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $579.60 million for the quarter, compared to analyst estimates of $584.55 million. Wolverine World Wide had a return on equity of 21.00% and a net margin of 8.90%. Wolverine World Wide’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. On average, equities analysts expect that Wolverine World Wide, Inc. will post 2.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 1st will be given a dividend of $0.10 per share. This is a positive change from Wolverine World Wide’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, March 29th. Wolverine World Wide’s dividend payout ratio is currently 18.43%.

In related news, insider Michael Jeppesen sold 38,441 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $35.72, for a total transaction of $1,373,112.52. Following the sale, the insider now directly owns 67,177 shares of the company’s stock, valued at approximately $2,399,562.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Amy M. Klimek sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $35.60, for a total value of $267,000.00. Following the sale, the vice president now directly owns 30,585 shares in the company, valued at $1,088,826. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,349 shares of company stock worth $2,589,072. Corporate insiders own 4.93% of the company’s stock.

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Wolverine World Wide Profile

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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