Wolverine World Wide, Inc. (WWW) Position Raised by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. increased its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 13.3% during the 1st quarter, HoldingsChannel reports. The firm owned 15,828 shares of the textile maker’s stock after buying an additional 1,852 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Wolverine World Wide were worth $566,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WWW. Oregon Public Employees Retirement Fund purchased a new position in Wolverine World Wide during the 4th quarter worth approximately $36,000. Quadrant Capital Group LLC grew its position in Wolverine World Wide by 216.5% during the 1st quarter. Quadrant Capital Group LLC now owns 2,453 shares of the textile maker’s stock worth $85,000 after purchasing an additional 1,678 shares in the last quarter. Huntington National Bank grew its position in 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 in the last quarter. Pinnacle Financial Partners Inc. purchased a new position in Wolverine World Wide during the 1st quarter worth approximately $158,000. Finally, Investors Research Corp purchased a new position in Wolverine World Wide during the 1st quarter worth approximately $197,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the stock. DA Davidson set a $40.00 price objective on shares of Wolverine World Wide and gave the stock a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research cut shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. ValuEngine cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Wedbush reiterated an “outperform” rating on shares of Wolverine World Wide in a research report on Thursday, February 21st. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $38.00 price objective (up from $35.00) on shares of Wolverine World Wide in a research report on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.00.

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 6,668 shares of Wolverine World Wide stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $35.80, for a total transaction of $238,714.40. Following the completion of the sale, the director now owns 21,308 shares of the company’s stock, valued at approximately $762,826.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Jeppesen sold 38,441 shares of Wolverine World Wide stock in a transaction on Friday, February 22nd. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 72,349 shares of company stock valued at $2,589,072 in the last three months. Company insiders own 4.93% of the company’s stock.

Shares of NYSE:WWW opened at $29.61 on Wednesday. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.29 and a beta of 0.96. Wolverine World Wide, Inc. has a 12-month low of $29.00 and a 12-month high of $39.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.48 and a quick ratio of 0.85.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Thursday, May 9th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $523.40 million during the quarter, compared to analyst estimates of $535.82 million. Wolverine World Wide had a net margin of 8.70% and a return on equity of 20.97%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. Equities analysts forecast that Wolverine World Wide, Inc. will post 2.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, June 28th. Wolverine World Wide’s dividend payout ratio (DPR) is currently 18.43%.

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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.

Further Reading: What is a Derivative?

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)

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