Wolverine World Wide, Inc. (WWW) Shares Bought by Chicago Equity Partners LLC

Chicago Equity Partners LLC lifted its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 13.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,290 shares of the textile maker’s stock after purchasing an additional 8,670 shares during the quarter. Chicago Equity Partners LLC owned 0.08% of Wolverine World Wide worth $2,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Piedmont Investment Advisors LLC lifted its position in shares of Wolverine World Wide by 7.4% in the second quarter. Piedmont Investment Advisors LLC now owns 22,040 shares of the textile maker’s stock worth $766,000 after purchasing an additional 1,519 shares in the last quarter. Aperio Group LLC raised its position in Wolverine World Wide by 3.1% during the second quarter. Aperio Group LLC now owns 51,552 shares of the textile maker’s stock valued at $1,792,000 after acquiring an additional 1,551 shares in the last quarter. Amalgamated Bank raised its position in Wolverine World Wide by 12.5% during the second quarter. Amalgamated Bank now owns 15,082 shares of the textile maker’s stock valued at $524,000 after acquiring an additional 1,672 shares in the last quarter. Phocas Financial Corp. raised its position in Wolverine World Wide by 1.0% during the second quarter. Phocas Financial Corp. now owns 184,098 shares of the textile maker’s stock valued at $6,401,000 after acquiring an additional 1,841 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. raised its position in Wolverine World Wide by 3.9% during the second quarter. Eagle Boston Investment Management Inc. now owns 58,089 shares of the textile maker’s stock valued at $2,019,000 after acquiring an additional 2,206 shares in the last quarter. 92.94% of the stock is owned by institutional investors and hedge funds.

In other Wolverine World Wide news, insider Richard Woodworth sold 19,376 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $38.73, for a total transaction of $750,432.48. Following the transaction, the insider now owns 123,040 shares in the company, valued at $4,765,339.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Jeppesen sold 49,151 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $37.77, for a total value of $1,856,433.27. Following the transaction, the insider now owns 156,470 shares in the company, valued at approximately $5,909,871.90. The disclosure for this sale can be found here. Company insiders own 5.81% of the company’s stock.

Shares of WWW stock opened at $33.18 on Friday. Wolverine World Wide, Inc. has a 12 month low of $26.81 and a 12 month high of $39.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.86 and a current ratio of 2.65. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.70 and a beta of 1.11.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, November 7th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.56 by $0.06. Wolverine World Wide had a return on equity of 18.58% and a net margin of 2.83%. The company had revenue of $558.60 million for the quarter, compared to the consensus estimate of $584.25 million. During the same quarter last year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Wolverine World Wide, Inc. will post 2.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Wednesday, January 2nd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.32 annualized dividend and a yield of 0.96%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 19.51%.

WWW has been the topic of several recent research reports. ValuEngine raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Argus raised their price objective on shares of Wolverine World Wide from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 17th. Zacks Investment Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Friday, August 10th. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 price objective on shares of Wolverine World Wide in a research report on Friday, August 10th. Finally, DA Davidson set a $44.00 price objective on shares of Wolverine World Wide and gave the company a “buy” rating in a research report on Thursday, August 9th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Wolverine World Wide presently has a consensus rating of “Buy” and an average price target of $39.42.

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Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's 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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