New York State Common Retirement Fund Sells 962 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

New York State Common Retirement Fund decreased its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 824,317 shares of the textile maker’s stock after selling 962 shares during the quarter. New York State Common Retirement Fund owned approximately 1.02% of Wolverine World Wide worth $11,466,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WWW. Cerity Partners LLC raised its position in shares of Wolverine World Wide by 25.0% in the 1st quarter. Cerity Partners LLC now owns 16,728 shares of the textile maker’s stock valued at $233,000 after acquiring an additional 3,346 shares during the period. Nisa Investment Advisors LLC raised its holdings in Wolverine World Wide by 60.2% in the first quarter. Nisa Investment Advisors LLC now owns 57,987 shares of the textile maker’s stock worth $807,000 after purchasing an additional 21,795 shares during the period. Principal Financial Group Inc. raised its holdings in Wolverine World Wide by 2.3% in the first quarter. Principal Financial Group Inc. now owns 399,738 shares of the textile maker’s stock worth $5,560,000 after purchasing an additional 9,029 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Wolverine World Wide during the first quarter worth $163,000. Finally, WCM Investment Management LLC acquired a new position in shares of Wolverine World Wide in the 1st quarter valued at $7,164,000. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Price Performance

Wolverine World Wide stock opened at $20.41 on Friday. The stock has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $17.02. Wolverine World Wide, Inc. has a 12 month low of $9.58 and a 12 month high of $24.64. The company has a market capitalization of $1.65 billion, a PE ratio of 23.46 and a beta of 1.70. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 1.76.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $412.30 million during the quarter, compared to the consensus estimate of $395.94 million. Wolverine World Wide had a return on equity of 28.74% and a net margin of 4.15%. Wolverine World Wide’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. Analysts expect that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Tuesday, July 1st. Wolverine World Wide’s payout ratio is 45.98%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WWW shares. Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 target price on shares of Wolverine World Wide in a research report on Friday, May 9th. Robert W. Baird raised their price target on shares of Wolverine World Wide from $15.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Stifel Nicolaus cut their price objective on shares of Wolverine World Wide from $27.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Argus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, May 16th. Finally, Baird R W upgraded shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Wolverine World Wide currently has an average rating of “Moderate Buy” and an average price target of $19.75.

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.