Thrivent Financial for Lutherans Sells 15,910 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

Thrivent Financial for Lutherans cut its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW – Get Rating) by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,932 shares of the textile maker’s stock after selling 15,910 shares during the quarter. Thrivent Financial for Lutherans owned 0.10% of Wolverine World Wide worth $885,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WWW. Select Equity Group L.P. bought a new stake in shares of Wolverine World Wide during the first quarter worth about $16,264,000. Fisher Asset Management LLC boosted its holdings in Wolverine World Wide by 105.7% in the fourth quarter. Fisher Asset Management LLC now owns 922,219 shares of the textile maker’s stock worth $10,080,000 after acquiring an additional 473,848 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Wolverine World Wide by 4.2% in the first quarter. Vanguard Group Inc. now owns 9,388,933 shares of the textile maker’s stock worth $211,815,000 after acquiring an additional 381,825 shares in the last quarter. Balyasny Asset Management LLC bought a new position in shares of Wolverine World Wide in the third quarter valued at $5,101,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Wolverine World Wide by 39.8% in the fourth quarter. New York State Common Retirement Fund now owns 938,561 shares of the textile maker’s stock valued at $10,258,000 after buying an additional 267,330 shares in the last quarter. 97.08% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Wolverine World Wide news, Director Nicholas T. Long bought 10,000 shares of the business’s stock in a transaction on Friday, February 24th. The shares were acquired at an average price of $16.13 per share, with a total value of $161,300.00. Following the transaction, the director now owns 26,334 shares of the company’s stock, valued at approximately $424,767.42. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WWW has been the topic of a number of recent analyst reports. StockNews.com upgraded Wolverine World Wide from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $14.00 target price on shares of Wolverine World Wide in a research note on Wednesday, February 22nd. Stifel Nicolaus upped their price target on shares of Wolverine World Wide from $15.00 to $18.00 in a report on Thursday, May 11th. Seaport Res Ptn upgraded shares of Wolverine World Wide from a “neutral” rating to a “buy” rating in a research report on Monday, March 13th. Finally, Robert W. Baird increased their target price on Wolverine World Wide from $13.00 to $15.00 in a research note on Thursday, May 11th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Wolverine World Wide presently has an average rating of “Hold” and a consensus price target of $16.00.

Wolverine World Wide Stock Up 1.0 %

Shares of WWW stock opened at $14.73 on Wednesday. The company’s fifty day moving average price is $16.18 and its 200-day moving average price is $14.29. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -6.27 and a beta of 1.66. Wolverine World Wide, Inc. has a one year low of $9.60 and a one year high of $24.08. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.16 and a quick ratio of 0.46.

Wolverine World Wide (NYSE:WWW – Get Rating) last posted its earnings results on Wednesday, February 22nd. The textile maker reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The business had revenue of $665.00 million during the quarter, compared to the consensus estimate of $665.04 million. Wolverine World Wide had a positive return on equity of 17.61% and a negative net margin of 6.71%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Sell-side analysts expect that Wolverine World Wide, Inc. will post 1.5 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, June 30th. This represents a $0.40 annualized dividend and a yield of 2.72%. Wolverine World Wide’s payout ratio is currently -17.02%.

Wolverine World Wide Company Profile

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Wolverine World Wide, Inc engages in the design, manufacture, and sale of branded casual, active lifestyle, work, outdoor sport, athletic, uniform, footwear, and apparel. It operates through the following segments: Wolverine Michigan Group and Wolverine Boston Group. The Wolverine Michigan Group consists of Merrell, Cat, Chaco, Hush Puppies, Bates uniform, Harley-Davidson and Hytest safety footwear and apparel.