Wolverine World Wide, Inc. (NYSE:WWW) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 10.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 380,598 shares of the textile maker’s stock after selling 42,509 shares during the period. Nordea Investment Management AB owned 0.43% of Wolverine World Wide worth $13,600,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Piedmont Investment Advisors Inc. lifted its position in Wolverine World Wide by 2.2% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 23,010 shares of the textile maker’s stock worth $822,000 after acquiring an additional 485 shares during the last quarter. Bank of Montreal Can increased its stake in Wolverine World Wide by 9.4% in the fourth quarter. Bank of Montreal Can now owns 7,704 shares of the textile maker’s stock valued at $245,000 after acquiring an additional 661 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Wolverine World Wide by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 36,731 shares of the textile maker’s stock valued at $1,312,000 after acquiring an additional 663 shares during the period. Community Financial Services Group LLC increased its stake in Wolverine World Wide by 8.9% in the first quarter. Community Financial Services Group LLC now owns 9,440 shares of the textile maker’s stock valued at $337,000 after acquiring an additional 775 shares during the period. Finally, Eagle Boston Investment Management Inc. increased its stake in Wolverine World Wide by 1.2% in the first quarter. Eagle Boston Investment Management Inc. now owns 63,858 shares of the textile maker’s stock valued at $2,281,000 after acquiring an additional 784 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

In related news, Director Jeffrey M. Boromisa acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was bought at an average cost of $27.92 per share, for a total transaction of $279,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.93% of the company’s stock.

Shares of Wolverine World Wide stock traded up $0.58 during trading hours on Friday, reaching $27.28. 483,996 shares of the stock traded hands, compared to its average volume of 680,091. The business’s 50 day moving average is $27.83. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10. Wolverine World Wide, Inc. has a one year low of $26.54 and a one year high of $39.77. The company has a quick ratio of 0.85, a current ratio of 1.48 and a debt-to-equity ratio of 0.64.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Thursday, May 9th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $523.40 million during the quarter, compared to the consensus estimate of $535.82 million. Wolverine World Wide had a return on equity of 20.97% and a net margin of 8.70%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. On average, sell-side analysts expect that Wolverine World Wide, Inc. will post 2.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 18.43%.

WWW has been the topic of several research analyst reports. ValuEngine cut shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Zacks Investment Research cut shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. DA Davidson set a $40.00 price objective on shares of Wolverine World Wide and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Argus lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating and set a $29.19 price objective on the stock. in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.65.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' 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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