Seizert Capital Partners LLC Sells 1,857 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Seizert Capital Partners LLC lessened its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,354 shares of the textile maker’s stock after selling 1,857 shares during the quarter. Seizert Capital Partners LLC’s holdings in Wolverine World Wide were worth $1,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WWW. Jennison Associates LLC lifted its stake in shares of Wolverine World Wide by 5.8% in the second quarter. Jennison Associates LLC now owns 24,248 shares of the textile maker’s stock worth $668,000 after buying an additional 1,325 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Wolverine World Wide by 4.4% in the second quarter. Envestnet Asset Management Inc. now owns 69,637 shares of the textile maker’s stock worth $1,918,000 after buying an additional 2,908 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Wolverine World Wide by 27.7% in the second quarter. Keybank National Association OH now owns 52,845 shares of the textile maker’s stock worth $1,455,000 after buying an additional 11,475 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Wolverine World Wide by 18.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 31,980 shares of the textile maker’s stock worth $881,000 after buying an additional 5,080 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Wolverine World Wide by 140.6% in the second quarter. KBC Group NV now owns 59,841 shares of the textile maker’s stock worth $1,648,000 after buying an additional 34,971 shares in the last quarter. Hedge funds and other institutional investors own 95.40% of the company’s stock.

In related news, Director Jeffrey M. Boromisa purchased 10,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $27.92 per share, for a total transaction of $279,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.93% of the stock is owned by company insiders.

WWW has been the topic of several research reports. Argus downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating and set a $29.19 price target on the stock. in a research note on Friday, May 17th. ValuEngine cut shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Telsey Advisory Group restated a “market perform” rating and set a $34.00 price objective (down from $38.00) on shares of Wolverine World Wide in a research report on Monday, August 5th. Pivotal Research restated a “hold” rating and set a $30.00 price objective (down from $34.00) on shares of Wolverine World Wide in a research report on Friday, August 2nd. Finally, 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.24.

Wolverine World Wide stock traded down $1.14 during trading on Friday, reaching $24.49. The stock had a trading volume of 1,204,428 shares, compared to its average volume of 1,102,016. Wolverine World Wide, Inc. has a 52-week low of $23.05 and a 52-week high of $39.77. The business has a 50 day moving average price of $26.42 and a 200 day moving average price of $31.52. The company has a quick ratio of 0.70, a current ratio of 1.25 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.19 billion, a PE ratio of 11.92, a P/E/G ratio of 0.75 and a beta of 1.08.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, August 7th. The textile maker reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Wolverine World Wide had a return on equity of 21.21% and a net margin of 8.02%. The firm had revenue of $568.60 million for the quarter, compared to the consensus estimate of $575.24 million. During the same period in the previous year, the business earned $0.54 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts predict that Wolverine World Wide, Inc. will post 2.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders 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 dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, September 30th. Wolverine World Wide’s dividend payout ratio is presently 18.43%.

Wolverine World Wide Company 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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