Wolverine World Wide, Inc. (WWW) Stake Held by Glenmede Trust Co. NA

Glenmede Trust Co. NA continued to hold its position in Wolverine World Wide, Inc. (NYSE:WWW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,586,096 shares of the textile maker’s stock at the end of the first quarter. Glenmede Trust Co. NA owned approximately 1.65% of Wolverine World Wide worth $34,813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WWW. Glen Harbor Capital Management LLC boosted its position in Wolverine World Wide by 16.7% in the first quarter. Glen Harbor Capital Management LLC now owns 4,158 shares of the textile maker’s stock worth $104,000 after buying an additional 594 shares in the last quarter. Bank of Montreal Can boosted its position in Wolverine World Wide by 15.1% in the first quarter. Bank of Montreal Can now owns 4,840 shares of the textile maker’s stock worth $121,000 after buying an additional 635 shares in the last quarter. Elkfork Partners LLC boosted its position in Wolverine World Wide by 16.7% in the first quarter. Elkfork Partners LLC now owns 5,292 shares of the textile maker’s stock worth $132,000 after buying an additional 756 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in Wolverine World Wide by 16.7% in the first quarter. Meadow Creek Investment Management LLC now owns 6,426 shares of the textile maker’s stock worth $160,000 after buying an additional 918 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Wolverine World Wide during the first quarter worth about $198,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

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

Wolverine World Wide, Inc. (NYSE:WWW) traded down 3.43% during mid-day trading on Tuesday, hitting $25.65. The stock had a trading volume of 713,639 shares. Wolverine World Wide, Inc. has a 52 week low of $18.51 and a 52 week high of $27.38. The firm has a market cap of $2.49 billion, a PE ratio of 29.11 and a beta of 0.88. The company’s 50 day moving average price is $25.51 and its 200 day moving average price is $24.26.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, May 10th. The textile maker reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. The company had revenue of $591.30 million for the quarter, compared to analysts’ expectations of $557.53 million. Wolverine World Wide had a return on equity of 14.14% and a net margin of 3.47%. Wolverine World Wide’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. Analysts anticipate that Wolverine World Wide, Inc. will post $1.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 3rd will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.24 annualized dividend and a yield of 0.94%. Wolverine World Wide’s payout ratio is 27.27%.

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A number of research analysts have issued reports on the company. Wedbush lifted their target price on Wolverine World Wide from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Zacks Investment Research cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. B. Riley reiterated a “neutral” rating and issued a $26.00 target price on shares of Wolverine World Wide in a research report on Monday, February 20th. Telsey Advisory Group lifted their target price on Wolverine World Wide from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, February 23rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $24.00 target price on shares of Wolverine World Wide in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Wolverine World Wide has a consensus rating of “Hold” and a consensus price target of $23.57.

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, Chaco footwear, and Sebago footwear and apparel; 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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