Engineers Gate Manager LP Takes $371,000 Position in Wolverine World Wide, Inc. (WWW)

Engineers Gate Manager LP bought a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,629 shares of the textile maker’s stock, valued at approximately $371,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Wolverine World Wide by 50.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,883 shares of the textile maker’s stock valued at $156,000 after purchasing an additional 1,646 shares in the last quarter. Community Financial Services Group LLC bought a new position in shares of Wolverine World Wide during the 4th quarter valued at about $212,000. Advisory Services Network LLC boosted its position in shares of Wolverine World Wide by 5.3% during the 2nd quarter. Advisory Services Network LLC now owns 8,336 shares of the textile maker’s stock valued at $234,000 after purchasing an additional 421 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Wolverine World Wide during the 2nd quarter valued at about $304,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Wolverine World Wide during the 4th quarter valued at about $308,000. 92.22% of the stock is currently owned by hedge funds and other institutional investors.

In other Wolverine World Wide news, Director Joseph R. Gromek sold 18,928 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $29.14, for a total value of $551,561.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.65% of the company’s stock.

Several research firms have recently weighed in on WWW. Buckingham Research raised their price objective on shares of Wolverine World Wide from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. Pivotal Research upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price objective for the company from $32.00 to $33.00 in a research report on Wednesday, November 8th. Telsey Advisory Group raised their price objective on shares of Wolverine World Wide from $29.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, November 9th. Stifel Nicolaus set a $34.00 price objective on shares of Wolverine World Wide and gave the company a “buy” rating in a research report on Saturday, December 16th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $25.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, November 1st. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Wolverine World Wide presently has an average rating of “Hold” and a consensus price target of $27.68.

Wolverine World Wide, Inc. (NYSE WWW) opened at $30.96 on Thursday. Wolverine World Wide, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $33.82. The company has a market cap of $2,872.33, a PE ratio of 51.60, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92. The company has a quick ratio of 2.06, a current ratio of 3.09 and a debt-to-equity ratio of 0.74.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, April 2nd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. This is a boost from Wolverine World Wide’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 29th. Wolverine World Wide’s dividend payout ratio (DPR) is presently 40.00%.

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Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.

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

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