Aristotle Fund Exits Position in Wolverine World Wide (WWW)

Wolverine World Wide (WWW) : Aristotle Fund has sold out all of its stake in Wolverine World Wide during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 15,000 shares of Wolverine World Wide which is valued at $353,850.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in WWW in the latest quarter, The investment management firm added 118,536 additional shares and now holds a total of 133,319 shares of Wolverine World Wide which is valued at $3,144,995. Wolverine World Wide makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio. Deprince Race Zollo Inc added WWW to its portfolio by purchasing 1,494,170 company shares during the most recent quarter which is valued at $37,040,474. Wolverine World Wide makes up approx 0.72% of Deprince Race Zollo Inc’s portfolio. Fny Managed Accounts added WWW to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $99,160. Wolverine World Wide makes up approx 0.10% of Fny Managed Accounts’s portfolio. Cutler Group Lp added WWW to its portfolio by purchasing 2,081 company shares during the most recent quarter which is valued at $47,697.Creative Planning boosted its stake in WWW in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 517 shares of Wolverine World Wide which is valued at $11,850.

Wolverine World Wide closed down -0.19 points or -0.80% at $23.61 with 4,41,429 shares getting traded on Monday. Post opening the session at $23.86, the shares hit an intraday low of $23.51 and an intraday high of $24.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Wolverine World Wide reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.23. The company had revenue of $583.70 million for the quarter, compared to analysts expectations of $579.25 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Investors should note that on Jul 22, 2016, Wolverine World Wide announced a cash dividend of $0.0600. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Nov 1, 2016.

Many Wall Street Analysts have commented on Wolverine World Wide. Company shares were Reiterated by Telsey Advisory Group on Jul 27, 2016 to “Market Perform”, Firm has raised the Price Target to $ 23 from a previous price target of $20 .Wolverine World Wide was Upgraded by Susquehanna to ” Positive” on Jul 7, 2016.

Wolverine World Wide Inc. is a designer manufacturer and marketer 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 operates in three operating segments: Lifestyle Group consisting of Sperry Top-Sider footwear and apparel Stride Rite footwear and apparel Hush Puppies footwear and apparel Keds footwear and apparel and Soft Style footwear; Performance Group consisting of Merrell footwear and apparel Saucony footwear and apparel Chaco footwear and Cushe footwear and Heritage Group consisting of Wolverine footwear and apparel Cat footwear Bates uniform footwear Sebago footwear and apparel Harley-Davidson footwear and HyTest safety footwear. The Other category consists of the Company’s multi-brand consumer-direct business leather marketing operations and sourcing operations that include third-party commission revenues.

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