BlackRock Inc. purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,394,285 shares of the textile maker's stock, valued at approximately $204,878,000. BlackRock Inc. owned approximately 15.12% of Wolverine World Wide as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Clearstead Advisors LLC increased its holdings in shares of Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker's stock worth $29,000 after purchasing an additional 1,053 shares during the period. Canada Pension Plan Investment Board acquired a new position in Wolverine World Wide in the second quarter valued at approximately $34,000. Global Retirement Partners LLC acquired a new stake in shares of Wolverine World Wide during the second quarter worth $34,000. Quadrant Capital Group LLC increased its stake in shares of Wolverine World Wide by 68.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker's stock valued at $55,000 after acquiring an additional 1,232 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Wolverine World Wide in the 2nd quarter valued at $68,000. Institutional investors and hedge funds own 90.25% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on WWW. UBS Group increased their price objective on shares of Wolverine World Wide from $29.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Seaport Research Partners restated a "buy" rating and set a $30.00 price objective on shares of Wolverine World Wide in a report on Friday, August 14th. Williams Trading set a $20.00 price target on shares of Wolverine World Wide in a research note on Wednesday, August 19th. Zacks Research lowered Wolverine World Wide from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Wolverine World Wide from $25.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Wolverine World Wide has an average rating of "Hold" and a consensus target price of $23.11.
Check Out Our Latest Stock Report on WWW
Wolverine World Wide Price Performance
Shares of WWW opened at $19.78 on Friday. Wolverine World Wide, Inc. has a 12-month low of $13.47 and a 12-month high of $32.80. The stock has a market cap of $1.62 billion, a P/E ratio of 15.33 and a beta of 1.73. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17. The business's fifty day moving average is $18.65 and its 200 day moving average is $17.57.
Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The company had revenue of $506.40 million during the quarter, compared to the consensus estimate of $500.74 million. During the same period last year, the business posted $0.32 earnings per share. Wolverine World Wide's revenue was up 6.8% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Sell-side analysts anticipate that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current fiscal year.
Wolverine World Wide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 1st. Wolverine World Wide's dividend payout ratio is 31.01%.
About Wolverine World Wide
(
Free Report)
Wolverine World Wide, Inc NYSE: WWW is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide's offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.
Key brands in Wolverine World Wide's portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort‐oriented line; and Keds, a heritage sneaker label.
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