New York State Teachers Retirement System Has $2.54 Million Holdings in Wolverine World Wide, Inc. (NYSE:WWW)

New York State Teachers Retirement System trimmed its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 114,311 shares of the textile maker’s stock after selling 2,500 shares during the quarter. New York State Teachers Retirement System owned 0.14% of Wolverine World Wide worth $2,538,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legato Capital Management LLC bought a new position in Wolverine World Wide during the 4th quarter worth $739,000. Savant Capital LLC acquired a new position in shares of Wolverine World Wide during the fourth quarter worth $205,000. Pacer Advisors Inc. acquired a new stake in Wolverine World Wide during the 4th quarter worth approximately $64,943,000. KBC Group NV raised its stake 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 buying an additional 1,311 shares during the last quarter. Finally, Sheets Smith Wealth Management acquired a new position in shares of Wolverine World Wide in the 4th quarter valued at about $273,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

Wolverine World Wide stock opened at $15.16 on Friday. The firm has a 50-day moving average price of $21.88 and a 200-day moving average price of $18.78. Wolverine World Wide, Inc. has a 12-month low of $9.06 and a 12-month 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 firm has a market capitalization of $1.21 billion, a PE ratio of 27.55 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. As a group, equities research analysts forecast that Wolverine World Wide, Inc. will post 1.13 EPS for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 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 2.64%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling at Wolverine World Wide

In other news, insider Isabel Soriano sold 7,687 shares of Wolverine World Wide stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the transaction, the insider now owns 34,206 shares in the company, valued at $806,235.42. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price objective for the company from $21.00 to $29.00 in a report on Wednesday, December 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective on shares of Wolverine World Wide in a report on Wednesday. Robert W. Baird decreased their price target on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, UBS Group dropped their target price on shares of Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

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.