Texas Permanent School Fund Has $2.06 Million Position in Wolverine World Wide, Inc. (NYSE:WWW)

Texas Permanent School Fund lowered its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,677 shares of the textile maker’s stock after selling 5,872 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of Wolverine World Wide worth $2,062,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WWW. Community Financial Services Group LLC bought a new stake in Wolverine World Wide during the 4th quarter worth about $212,000. Advisory Services Network LLC grew its holdings in 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 worth $234,000 after acquiring an additional 421 shares during the last quarter. Shelton Capital Management bought a new stake in Wolverine World Wide during the 2nd quarter worth about $265,000. Raymond James Financial Services Advisors Inc. bought a new stake in Wolverine World Wide during the 2nd quarter worth about $304,000. Finally, Fox Run Management L.L.C. bought a new stake in Wolverine World Wide during the 4th quarter worth about $308,000. 92.22% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on WWW. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Stifel Nicolaus set a $34.00 target price on shares of Wolverine World Wide and gave the company a “buy” rating in a research note on Saturday, December 16th. Citigroup reaffirmed a “neutral” rating and issued a $32.00 target price (up previously from $29.00) on shares of Wolverine World Wide in a research note on Monday. Pivotal Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research note on Friday, February 9th. Finally, Telsey Advisory Group raised their target price on shares of Wolverine World Wide from $29.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, November 9th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.68.

Shares of Wolverine World Wide, Inc. (WWW) traded up $0.28 during midday trading on Wednesday, hitting $30.26. 269,998 shares of the stock traded hands, compared to its average volume of 847,221. The company has a market cap of $2,872.33, a price-to-earnings ratio of 49.90, a PEG 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. Wolverine World Wide, Inc. has a one year low of $23.34 and a one year high of $33.82.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, April 2nd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase 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 currently 40.00%.

In related news, Director Joseph R. Gromek sold 18,928 shares of the stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this link. Company insiders own 5.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/14/texas-permanent-school-fund-sells-5872-shares-of-wolverine-world-wide-inc-www.html.

About Wolverine World Wide

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.

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

Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply