New York State Common Retirement Fund Sells 3,711 Shares of Wolverine World Wide, Inc. (NYSE:WWW)

New York State Common Retirement Fund reduced its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 858,043 shares of the textile maker’s stock after selling 3,711 shares during the period. New York State Common Retirement Fund owned 1.08% of Wolverine World Wide worth $7,628,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Callodine Capital Management LP acquired a new stake in Wolverine World Wide during the 3rd quarter worth about $8,060,000. Charles Schwab Investment Management Inc. grew its holdings in Wolverine World Wide by 18.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,668,623 shares of the textile maker’s stock worth $13,449,000 after acquiring an additional 255,872 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Wolverine World Wide by 13.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,446,579 shares of the textile maker’s stock worth $11,659,000 after acquiring an additional 175,039 shares during the period. Wolverine Asset Management LLC grew its holdings in Wolverine World Wide by 493.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 193,757 shares of the textile maker’s stock worth $1,562,000 after acquiring an additional 161,109 shares during the period. Finally, Invesco Ltd. grew its holdings in Wolverine World Wide by 21.7% during the 3rd quarter. Invesco Ltd. now owns 799,375 shares of the textile maker’s stock worth $6,443,000 after acquiring an additional 142,646 shares during the period. 90.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target on shares of Wolverine World Wide in a report on Wednesday. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.63.

Wolverine World Wide Stock Performance

Shares of WWW opened at $10.88 on Friday. The company has a market cap of $869.42 million, a PE ratio of -21.33 and a beta of 1.73. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.18 and a quick ratio of 0.75. Wolverine World Wide, Inc. has a one year low of $7.21 and a one year high of $17.85. The stock has a 50-day moving average of $10.12 and a 200-day moving average of $9.16.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, February 21st. The textile maker reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.03). The company had revenue of $526.70 million for the quarter, compared to analyst estimates of $520.12 million. Wolverine World Wide had a negative net margin of 1.77% and a positive return on equity of 1.45%. Wolverine World Wide’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.15) EPS. On average, equities research analysts predict that Wolverine World Wide, Inc. will post 0.77 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.68%. Wolverine World Wide’s dividend payout ratio (DPR) is currently -78.43%.

Wolverine World Wide 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.