Wolverine World Wide, Inc. (WWW) Shares Bought by Mason Street Advisors LLC

Mason Street Advisors LLC increased its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,634 shares of the textile maker’s stock after purchasing an additional 1,748 shares during the period. Mason Street Advisors LLC’s holdings in Wolverine World Wide were worth $770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. acquired a new stake in Wolverine World Wide in the 1st quarter valued at about $128,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Wolverine World Wide by 50.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,883 shares of the textile maker’s stock valued at $156,000 after acquiring an additional 1,646 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in Wolverine World Wide in the 4th quarter valued at about $171,000. Connable Office Inc. acquired a new stake in Wolverine World Wide in the 1st quarter valued at about $256,000. Finally, Stevens Capital Management LP acquired a new stake in Wolverine World Wide in the 1st quarter valued at about $293,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Several analysts have recently weighed in on WWW shares. Zacks Investment Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Thursday, February 15th. TheStreet raised shares of Wolverine World Wide from a “c” rating to a “b-” rating in a research report on Thursday, May 10th. ValuEngine raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. DA Davidson raised shares of Wolverine World Wide from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday, February 22nd. Finally, Pivotal Research set a $33.00 price objective on shares of Wolverine World Wide and gave the stock a “hold” rating in a research report on Wednesday, May 2nd. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.77.

Shares of WWW opened at $36.09 on Wednesday. Wolverine World Wide, Inc. has a twelve month low of $25.24 and a twelve month high of $36.10. The company has a current ratio of 3.18, a quick ratio of 2.13 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3.38 billion, a PE ratio of 22.01, a PEG ratio of 1.72 and a beta of 0.97.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, May 9th. The textile maker reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.13. Wolverine World Wide had a net margin of 1.28% and a return on equity of 17.54%. The firm had revenue of $534.10 million for the quarter, compared to analyst estimates of $531.10 million. During the same period last year, the business earned $0.37 EPS. Wolverine World Wide’s revenue for the quarter was down 9.7% compared to the same quarter last year. equities analysts expect that Wolverine World Wide, Inc. will post 2.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Monday, July 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, June 29th. This represents a $0.32 annualized dividend and a yield of 0.89%. Wolverine World Wide’s dividend payout ratio is currently 19.51%.

In other news, insider Michael Jeppesen sold 47,640 shares of Wolverine World Wide stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $31.50, for a total value of $1,500,660.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael D. Stornant sold 38,010 shares of Wolverine World Wide stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $32.38, for a total transaction of $1,230,763.80. The disclosure for this sale can be found here. 5.81% of the stock is owned by company insiders.

About Wolverine World Wide

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.

Institutional Ownership by Quarter for Wolverine World Wide (NYSE:WWW)

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