Wolverine World Wide, Inc. (WWW) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 4.5% in the third quarter, HoldingsChannel reports. The firm owned 83,563 shares of the textile maker’s stock after selling 3,949 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Wolverine World Wide were worth $3,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WWW. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Wolverine World Wide in the second quarter valued at $24,604,000. BlackRock Inc. lifted its holdings in shares of Wolverine World Wide by 5.3% in the second quarter. BlackRock Inc. now owns 13,103,559 shares of the textile maker’s stock valued at $455,613,000 after purchasing an additional 664,587 shares in the last quarter. Monarch Partners Asset Management LLC purchased a new stake in shares of Wolverine World Wide in the second quarter valued at $17,715,000. Braun Stacey Associates Inc. purchased a new stake in shares of Wolverine World Wide in the third quarter valued at $9,510,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Wolverine World Wide in the second quarter valued at $6,004,000. Institutional investors own 92.43% of the company’s stock.

In other Wolverine World Wide news, insider Richard Woodworth sold 19,376 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $38.73, for a total transaction of $750,432.48. Following the transaction, the insider now directly owns 123,040 shares in the company, valued at $4,765,339.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Amy M. Klimek sold 11,628 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $33.19, for a total value of $385,933.32. Following the transaction, the vice president now owns 47,086 shares in the company, valued at $1,562,784.34. The disclosure for this sale can be found here. 5.81% of the stock is currently owned by company insiders.

Shares of NYSE:WWW opened at $33.85 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.65 and a debt-to-equity ratio of 0.57. Wolverine World Wide, Inc. has a 1 year low of $27.75 and a 1 year high of $39.77. The firm has a market cap of $3.21 billion, a P/E ratio of 20.64, a PEG ratio of 1.57 and a beta of 1.11.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, November 7th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.06. Wolverine World Wide had a return on equity of 20.26% and a net margin of 4.45%. The business had revenue of $558.60 million during the quarter, compared to analyst estimates of $584.25 million. During the same period last year, the company earned $0.43 earnings per share. Wolverine World Wide’s quarterly revenue was down 3.9% compared to the same quarter last year. Analysts anticipate that Wolverine World Wide, Inc. will post 2.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.95%. Wolverine World Wide’s dividend payout ratio is 19.51%.

A number of analysts have recently issued reports on WWW shares. Argus increased their target price on Wolverine World Wide from $40.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 17th. Zacks Investment Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Friday, August 10th. Robert W. Baird restated a “buy” rating and issued a $43.00 target price on shares of Wolverine World Wide in a report on Friday, August 10th. DA Davidson set a $44.00 target price on Wolverine World Wide and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, ValuEngine upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Wolverine World Wide currently has an average rating of “Buy” and a consensus price target of $39.42.

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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.

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

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