Vanguard Group Inc. Purchases 109,833 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Vanguard Group Inc. boosted its holdings in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,282,319 shares of the textile maker's stock after purchasing an additional 109,833 shares during the quarter. Vanguard Group Inc. owned approximately 11.67% of Wolverine World Wide worth $74,815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of Wolverine World Wide by 21.2% during the third quarter. Deutsche Bank AG now owns 44,144 shares of the textile maker's stock valued at $356,000 after acquiring an additional 7,719 shares during the period. Graham Capital Management L.P. raised its stake in shares of Wolverine World Wide by 442.0% during the third quarter. Graham Capital Management L.P. now owns 106,289 shares of the textile maker's stock valued at $857,000 after purchasing an additional 86,679 shares in the last quarter. Comerica Bank bought a new stake in shares of Wolverine World Wide during the third quarter valued at about $304,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Wolverine World Wide by 13.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,446,579 shares of the textile maker's stock valued at $11,659,000 after purchasing an additional 175,039 shares in the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in shares of Wolverine World Wide during the third quarter valued at about $1,831,000. Institutional investors and hedge funds own 90.25% of the company's stock.

Wolverine World Wide Trading Down 1.6 %

WWW traded down $0.16 during trading on Friday, reaching $9.69. The company had a trading volume of 791,162 shares, compared to its average volume of 764,923. The firm's 50-day simple moving average is $9.67 and its 200 day simple moving average is $8.90. The company has a market cap of $774.33 million, a price-to-earnings ratio of -19.00 and a beta of 1.75. Wolverine World Wide, Inc. has a 12-month low of $7.21 and a 12-month high of $17.85. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 1.18.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The textile maker reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.03). Wolverine World Wide had a positive return on equity of 1.45% and a negative net margin of 1.77%. The company had revenue of $526.70 million during the quarter, compared to analysts' expectations of $520.12 million. During the same period in the prior year, the business posted ($0.15) EPS. The company's revenue for the quarter was down 20.8% compared to the same quarter last year. Equities research analysts anticipate that Wolverine World Wide, Inc. will post 0.77 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 4.13%. Wolverine World Wide's dividend payout ratio (DPR) is presently -78.43%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a "market perform" rating and set a $10.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, Wolverine World Wide has a consensus rating of "Hold" and an average target price of $10.63.

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.