New York State Common Retirement Fund Reduces Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

New York State Common Retirement Fund decreased its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 825,279 shares of the textile maker’s stock after selling 3,064 shares during the period. New York State Common Retirement Fund’s holdings in Wolverine World Wide were worth $18,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Wolverine World Wide by 12.5% during the fourth quarter. GAMMA Investing LLC now owns 5,057 shares of the textile maker’s stock worth $112,000 after acquiring an additional 563 shares during the last quarter. KBC Group NV increased its holdings in Wolverine World Wide by 43.8% during the 4th quarter. KBC Group NV now owns 4,303 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,311 shares during the last quarter. Intech Investment Management LLC increased its holdings in Wolverine World Wide by 5.0% during the 3rd quarter. Intech Investment Management LLC now owns 39,412 shares of the textile maker’s stock worth $687,000 after purchasing an additional 1,866 shares during the last quarter. Captrust Financial Advisors increased its holdings in Wolverine World Wide by 21.3% during the 3rd quarter. Captrust Financial Advisors now owns 25,167 shares of the textile maker’s stock worth $438,000 after purchasing an additional 4,413 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Wolverine World Wide by 20.5% in the third quarter. Natixis Advisors LLC now owns 27,573 shares of the textile maker’s stock worth $480,000 after buying an additional 4,694 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Transactions at Wolverine World Wide

In related news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the transaction, the insider now owns 34,206 shares of the company’s stock, valued at $806,235.42. This trade represents a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.28% of the company’s stock.

Wolverine World Wide Price Performance

Shares of WWW opened at $15.16 on Friday. Wolverine World Wide, Inc. has a one year low of $9.06 and a one year high of $24.64. The stock’s fifty day moving average is $21.71 and its 200-day moving average is $18.79. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 27.55 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The firm had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $485.74 million. During the same quarter last year, the company earned ($0.30) EPS. Wolverine World Wide’s quarterly revenue was down 6.1% on a year-over-year basis. Equities analysts anticipate that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is presently 72.73%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of Wolverine World Wide in a research note on Wednesday. Robert W. Baird reduced their price target on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group decreased their price target on shares of Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday. Finally, StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.