Nuveen Asset Management LLC Has $13.95 Million Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

Nuveen Asset Management LLC lifted its holdings in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 179.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 628,338 shares of the textile maker's stock after purchasing an additional 403,176 shares during the period. Nuveen Asset Management LLC owned 0.78% of Wolverine World Wide worth $13,949,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Wolverine World Wide during the fourth quarter valued at about $25,000. Signaturefd LLC lifted its holdings in Wolverine World Wide by 88.8% in the 4th quarter. Signaturefd LLC now owns 1,450 shares of the textile maker's stock worth $32,000 after purchasing an additional 682 shares during the last quarter. Natixis bought a new stake in Wolverine World Wide during the fourth quarter worth approximately $41,000. KBC Group NV boosted its position in Wolverine World Wide by 43.8% during the fourth 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 period. Finally, Smartleaf Asset Management LLC grew its holdings in Wolverine World Wide by 375.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,552 shares of the textile maker's stock valued at $122,000 after purchasing an additional 4,384 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on WWW. Telsey Advisory Group reiterated a "market perform" rating and issued a $17.00 target price on shares of Wolverine World Wide in a report on Friday, May 9th. Wall Street Zen lowered Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Stifel Nicolaus decreased their target price on Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group lifted their price target on Wolverine World Wide from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Robert W. Baird increased their price objective on Wolverine World Wide from $15.00 to $20.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $19.75.

Wolverine World Wide Stock Performance

WWW stock traded down $0.19 during midday trading on Friday, hitting $17.16. The stock had a trading volume of 100,311 shares, compared to its average volume of 1,469,112. Wolverine World Wide, Inc. has a 52 week low of $9.58 and a 52 week high of $24.64. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The stock has a 50-day simple moving average of $13.87 and a 200 day simple moving average of $18.11. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 31.20 and a beta of 1.62.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.07. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company had revenue of $412.30 million during the quarter, compared to the consensus estimate of $395.94 million. During the same period last year, the firm earned $0.11 EPS. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. Wolverine World Wide's payout ratio is presently 45.98%.

Wolverine World Wide 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.