Trade Report: The Quantitative Systematic Strategies LLC Acquires 10,436 Shares of Wolverine World Wide Inc. (WWW)

The Quantitative Systematic Strategies LLC Acquires 10,436  Shares of Wolverine World Wide Inc. (WWW)

Quantitative Systematic Strategies LLC bought a new position in shares of Wolverine World Wide Inc. (NYSE:WWW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,436 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Aperio Group LLC increased its stake in Wolverine World Wide by 33.7% in the first quarter. Aperio Group LLC now owns 17,121 shares of the company’s stock worth $315,000 after buying an additional 4,319 shares in the last quarter. Pacad Investment Ltd. increased its stake in Wolverine World Wide by 40.8% in the first quarter. Pacad Investment Ltd. now owns 16,900 shares of the company’s stock worth $311,000 after buying an additional 4,900 shares in the last quarter. BlackRock Inc. increased its stake in Wolverine World Wide by 126.1% in the first quarter. BlackRock Inc. now owns 6,967 shares of the company’s stock worth $128,000 after buying an additional 3,885 shares in the last quarter. BlackRock Group LTD increased its stake in Wolverine World Wide by 9.9% in the first quarter. BlackRock Group LTD now owns 125,662 shares of the company’s stock worth $2,315,000 after buying an additional 11,370 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Wolverine World Wide by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,505,128 shares of the company’s stock worth $46,144,000 after buying an additional 21,251 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wolverine World Wide Inc. (NYSE:WWW) traded down 2.30% during midday trading on Monday, hitting $22.04. The company had a trading volume of 1,381,799 shares. The company’s 50-day moving average price is $22.91 and its 200 day moving average price is $21.09. Wolverine World Wide Inc. has a 12-month low of $14.74 and a 12-month high of $25.54. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 22.33 and a beta of 0.76.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm earned $583.70 million during the quarter, compared to analyst estimates of $578.99 million. Wolverine World Wide had a net margin of 3.81% and a return on equity of 13.60%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Equities research analysts predict that Wolverine World Wide Inc. will post $1.37 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on WWW shares. TheStreet raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Tuesday, June 21st. Susquehanna raised Wolverine World Wide from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $18.00 to $25.00 in a research report on Thursday, July 7th. Zacks Investment Research downgraded Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. B. Riley reissued a “neutral” rating and set a $22.00 price target on shares of Wolverine World Wide in a research report on Wednesday, July 20th. Finally, Telsey Advisory Group boosted their price target on Wolverine World Wide from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Wolverine World Wide currently has an average rating of “Hold” and an average price target of $21.30.

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. The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors.

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