Wolverine World Wide, Inc. (WWW) Holding Trimmed by ProShare Advisors LLC

Wolverine World Wide, Inc. (WWW) Holding Trimmed by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 23.9% during the first quarter, Holdings Channel reports. The firm owned 13,801 shares of the textile maker’s stock after selling 4,338 shares during the period. ProShare Advisors LLC’s holdings in Wolverine World Wide were worth $345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can boosted its position in shares of Wolverine World Wide by 15.1% in the first quarter. Bank of Montreal Can now owns 4,840 shares of the textile maker’s stock worth $121,000 after buying an additional 635 shares during the period. Cantab Capital Partners LLP boosted its position in shares of Wolverine World Wide by 26.6% in the fourth quarter. Cantab Capital Partners LLP now owns 14,984 shares of the textile maker’s stock worth $329,000 after buying an additional 3,146 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Wolverine World Wide by 19.5% in the fourth quarter. First Republic Investment Management Inc. now owns 21,939 shares of the textile maker’s stock worth $481,000 after buying an additional 3,581 shares during the period. New York State Teachers Retirement System boosted its position in shares of Wolverine World Wide by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 266,224 shares of the textile maker’s stock worth $5,844,000 after buying an additional 3,900 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Wolverine World Wide by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 160,212 shares of the textile maker’s stock worth $3,517,000 after buying an additional 3,953 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wolverine World Wide, Inc. (NYSE:WWW) traded down 0.38% during mid-day trading on Wednesday, hitting $26.00. 824,428 shares of the company were exchanged. The company has a 50 day moving average of $24.69 and a 200 day moving average of $24.02. The company has a market capitalization of $2.52 billion, a P/E ratio of 29.51 and a beta of 0.65. Wolverine World Wide, Inc. has a 52 week low of $18.44 and a 52 week high of $26.85.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, May 10th. The textile maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Wolverine World Wide had a net margin of 4.02% and a return on equity of 13.38%. The firm had revenue of $591.30 million during the quarter, compared to analyst estimates of $557.53 million. During the same period in the previous year, the business posted $0.29 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts anticipate that Wolverine World Wide, Inc. will post $1.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 3rd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, June 29th. Wolverine World Wide’s payout ratio is 23.30%.

A number of research analysts recently issued reports on the stock. B. Riley reissued a “neutral” rating and issued a $26.00 price objective on shares of Wolverine World Wide in a research note on Monday, February 20th. Pacific Crest cut shares of Wolverine World Wide to a “hold” rating in a research note on Saturday, February 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $24.00 price objective on shares of Wolverine World Wide in a research note on Thursday, May 11th. Zacks Investment Research cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Robert W. Baird raised shares of Wolverine World Wide from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $29.00 to $30.00 in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Wolverine World Wide presently has a consensus rating of “Hold” and an average target price of $23.57.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, Chaco footwear, and Sebago footwear and apparel; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WWW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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