Nissay Asset Management Corp Japan ADV Has $2.47 Million Holdings in Wolverine World Wide, Inc. (WWW)

Nissay Asset Management Corp Japan ADV boosted its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 9.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 69,082 shares of the textile maker’s stock after purchasing an additional 6,212 shares during the period. Nissay Asset Management Corp Japan ADV owned approximately 0.08% of Wolverine World Wide worth $2,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Wolverine World Wide by 2.8% during the third quarter. JPMorgan Chase & Co. now owns 2,090,118 shares of the textile maker’s stock worth $81,620,000 after purchasing an additional 57,188 shares during the last quarter. Martingale Asset Management L P lifted its stake in shares of Wolverine World Wide by 45.7% in the third quarter. Martingale Asset Management L P now owns 12,107 shares of the textile maker’s stock worth $473,000 after acquiring an additional 3,800 shares during the period. AQR Capital Management LLC lifted its stake in shares of Wolverine World Wide by 19.7% in the third quarter. AQR Capital Management LLC now owns 45,847 shares of the textile maker’s stock worth $1,790,000 after acquiring an additional 7,549 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Wolverine World Wide by 1.7% in the fourth quarter. State of Alaska Department of Revenue now owns 31,772 shares of the textile maker’s stock worth $1,013,000 after acquiring an additional 530 shares during the period. Finally, Alpha Windward LLC lifted its stake in shares of Wolverine World Wide by 3.8% in the fourth quarter. Alpha Windward LLC now owns 14,580 shares of the textile maker’s stock worth $465,000 after acquiring an additional 540 shares during the period. 95.66% of the stock is currently owned by institutional investors.

Shares of WWW opened at $29.61 on Thursday. Wolverine World Wide, Inc. has a 52-week low of $29.00 and a 52-week high of $39.77. The company has a current ratio of 1.48, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

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

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

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

WWW has been the topic of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of Wolverine World Wide in a research note on Thursday, February 7th. ValuEngine raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 price objective (up from $35.00) on shares of Wolverine World Wide in a research note on Tuesday, February 19th. Zacks Investment Research raised Wolverine World Wide from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. Finally, DA Davidson set a $40.00 price objective on Wolverine World Wide and gave the stock a “buy” rating in a research note on Friday, May 10th. 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. Wolverine World Wide currently has a consensus rating of “Hold” and an average price target of $40.00.

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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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