Bank of America Corp DE Acquires New Shares in Wolverine World Wide, Inc. $WWW

Key Points

• Bank of America acquired 156,735 shares of Wolverine World Wide in the second quarter, valued at approximately $2.6 million. Institutional investors and hedge funds collectively own 90.25% of the company.
• Wolverine reported quarterly EPS of $0.40, exceeding estimates of $0.38, while revenue rose 6.8% year over year to $506.4 million. The company reaffirmed fiscal 2026 EPS guidance of $1.55–$1.65.
• The company declared a quarterly dividend of $0.10 per share, representing a 2.1% annualized yield. Analysts have a consensus “Hold” rating and an average price target of $23.11, compared with a recent share price of $19.11.

Bank of America Corp DE acquired a new stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 156,735 shares of the textile maker's stock, valued at approximately $2,591,000. Bank of America Corp DE owned about 0.19% of Wolverine World Wide at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Wolverine World Wide in the second quarter worth $204,878,000. Callodine Capital Management LP lifted its stake in shares of Wolverine World Wide by 27.8% in the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker's stock worth $73,524,000 after acquiring an additional 980,839 shares during the period. Bank of New York Mellon Corp bought a new stake in Wolverine World Wide in the second quarter valued at approximately $13,557,000. Manning & Napier Advisors LLC bought a new stake in Wolverine World Wide in the second quarter valued at approximately $11,571,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Wolverine World Wide during the 1st quarter valued at approximately $7,275,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Trading Down 0.7%

NYSE WWW opened at $19.11 on Thursday. Wolverine World Wide, Inc. has a 12 month low of $13.47 and a 12 month high of $27.73. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $1.57 billion, a P/E ratio of 14.81, a PEG ratio of 1.31 and a beta of 1.72. The business has a fifty day simple moving average of $19.64 and a 200 day simple moving average of $17.90.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company had revenue of $506.40 million during the quarter, compared to the consensus estimate of $500.74 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm's revenue for the quarter 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. On average, analysts predict that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, October 1st. Wolverine World Wide's payout ratio is presently 31.01%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Telsey Advisory Group reiterated a "market perform" rating and set a $21.00 price target on shares of Wolverine World Wide in a report on Friday, August 14th. Stifel Nicolaus increased their target price on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Wall Street Zen cut shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. UBS Group upped their price target on Wolverine World Wide from $29.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Finally, Robert W. Baird increased their price target on Wolverine World Wide from $24.00 to $26.00 and gave the stock an "outperform" rating in a report 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.11.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, manufacturer, marketer and licensor of branded footwear, apparel and accessories. The company serves consumers through a portfolio of outdoor, athletic, lifestyle and work-oriented brands, with products sold through wholesale accounts, company-owned and third-party retail locations, and e-commerce channels.

Its principal brands include Merrell, which focuses on outdoor and trail footwear and apparel; Saucony, an athletic running and performance brand; Wolverine, known for work and lifestyle footwear; Chaco, which offers outdoor sandals and footwear; Sweaty Betty, a women's activewear brand; and Bates, a provider of uniform and duty footwear.

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