Quadrant Capital Group LLC Buys 1,678 Shares of Wolverine World Wide, Inc. (WWW)

Quadrant Capital Group LLC boosted its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 216.5% in the 1st quarter, HoldingsChannel reports. The fund owned 2,453 shares of the textile maker’s stock after buying an additional 1,678 shares during the period. Quadrant Capital Group LLC’s holdings in Wolverine World Wide were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its position in Wolverine World Wide by 2.3% during the fourth quarter. California State Teachers Retirement System now owns 144,569 shares of the textile maker’s stock valued at $4,610,000 after acquiring an additional 3,260 shares in the last quarter. Vanguard Group Inc. raised its position in Wolverine World Wide by 2.1% during the third quarter. Vanguard Group Inc. now owns 9,194,960 shares of the textile maker’s stock valued at $359,064,000 after acquiring an additional 187,384 shares in the last quarter. Martingale Asset Management L P raised its position in Wolverine World Wide by 45.7% during the third quarter. Martingale Asset Management L P now owns 12,107 shares of the textile maker’s stock valued at $473,000 after acquiring an additional 3,800 shares in the last quarter. BRYN MAWR TRUST Co raised its position in Wolverine World Wide by 1.8% during the fourth quarter. BRYN MAWR TRUST Co now owns 204,385 shares of the textile maker’s stock valued at $6,518,000 after acquiring an additional 3,540 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Wolverine World Wide in the fourth quarter valued at approximately $877,000. Institutional investors own 95.73% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research cut Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. Wedbush restated an “outperform” rating on shares of Wolverine World Wide in a research report on Thursday, February 21st. ValuEngine cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $38.00 price objective (up from $35.00) on shares of Wolverine World Wide in a research report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $40.36.

Shares of NYSE:WWW opened at $35.71 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.38 billion, a PE ratio of 16.46, a PEG ratio of 1.63 and a beta of 0.96. Wolverine World Wide, Inc. has a 1 year low of $29.24 and a 1 year high of $39.77.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, February 20th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm 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%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Research analysts anticipate that Wolverine World Wide, Inc. will post 2.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, June 28th. Wolverine World Wide’s dividend payout ratio is presently 18.43%.

In other Wolverine World Wide news, VP Amy M. Klimek sold 7,500 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $35.60, for a total transaction of $267,000.00. Following the transaction, the vice president now owns 30,585 shares of the company’s stock, valued at $1,088,826. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Jeppesen sold 38,441 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $35.72, for a total value of $1,373,112.52. Following the transaction, the insider now directly owns 67,177 shares in the company, valued at approximately $2,399,562.44. The disclosure for this sale can be found here. Insiders sold 72,349 shares of company stock worth $2,589,072 over the last ninety days. Corporate insiders own 4.93% of the company’s stock.

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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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