Wolverine World Wide, Inc. (NYSE:WWW) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 28.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 52,140 shares of the textile maker's stock after purchasing an additional 11,524 shares during the period. Mackenzie Financial Corp owned 0.06% of Wolverine World Wide worth $725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WWW. Capital Research Global Investors purchased a new position in Wolverine World Wide in the 4th quarter valued at $13,943,000. WCM Investment Management LLC purchased a new position in Wolverine World Wide in the 1st quarter valued at $7,164,000. Nuveen Asset Management LLC raised its holdings in shares of Wolverine World Wide by 179.1% during the 4th quarter. Nuveen Asset Management LLC now owns 628,338 shares of the textile maker's stock worth $13,949,000 after acquiring an additional 403,176 shares during the period. First Trust Advisors LP purchased a new position in shares of Wolverine World Wide during the 4th quarter worth $7,862,000. Finally, Driehaus Capital Management LLC raised its holdings in shares of Wolverine World Wide by 135.5% during the 4th quarter. Driehaus Capital Management LLC now owns 593,693 shares of the textile maker's stock worth $13,180,000 after acquiring an additional 341,601 shares during the period. Hedge funds and other institutional investors own 90.25% of the company's stock.

Wall Street Analyst Weigh In

WWW has been the topic of several research analyst reports. Telsey Advisory Group restated a "market perform" rating and issued a $29.00 price objective (up from $17.00) on shares of Wolverine World Wide in a report on Wednesday. Robert W. Baird boosted their price objective on shares of Wolverine World Wide from $15.00 to $20.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Baird R W upgraded shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Wall Street Zen upgraded shares of Wolverine World Wide from a "hold" rating to a "buy" rating in a report on Saturday. Finally, UBS Group boosted their price objective on shares of Wolverine World Wide from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $25.38.

Wolverine World Wide Stock Down 1.0%

Shares of WWW stock traded down $0.27 during trading hours on Friday, reaching $27.48. 3,338,141 shares of the stock were exchanged, compared to its average volume of 1,994,826. The business's fifty day moving average is $20.05 and its two-hundred day moving average is $17.08. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.24 and a quick ratio of 0.77. Wolverine World Wide, Inc. has a 12-month low of $9.58 and a 12-month high of $28.57. The firm has a market capitalization of $2.23 billion, a P/E ratio of 26.94 and a beta of 1.74.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The textile maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.12. The firm had revenue of $474.20 million during the quarter, compared to the consensus estimate of $447.82 million. Wolverine World Wide had a return on equity of 31.99% and a net margin of 4.73%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. As a group, research analysts expect that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Wolverine World Wide's dividend payout ratio is 39.22%.

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.