Canada Pension Plan Investment Board Takes $838,000 Position in Wolverine World Wide, Inc. $WWW

Canada Pension Plan Investment Board 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 13F filing with the SEC. The institutional investor acquired 50,700 shares of the textile maker's stock, valued at approximately $838,000. Canada Pension Plan Investment Board owned approximately 0.06% of Wolverine World Wide as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Wolverine World Wide in the second quarter valued at about $204,878,000. Vanguard Group Inc. raised its position in shares of Wolverine World Wide by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker's stock worth $163,146,000 after purchasing an additional 353,808 shares during the period. Callodine Capital Management LP raised its position in shares of Wolverine World Wide by 27.8% during the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker's stock worth $73,524,000 after purchasing an additional 980,839 shares during the period. State Street Corp lifted its holdings in shares of Wolverine World Wide by 2.1% during the 4th quarter. State Street Corp now owns 3,100,339 shares of the textile maker's stock valued at $56,271,000 after purchasing an additional 63,041 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Wolverine World Wide by 3.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker's stock valued at $36,419,000 after purchasing an additional 59,304 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company's stock.

Wolverine World Wide Stock Down 3.0%

Shares of Wolverine World Wide stock opened at $19.73 on Tuesday. The business's 50 day simple moving average is $18.76 and its 200 day simple moving average is $17.60. Wolverine World Wide, Inc. has a 52-week low of $13.47 and a 52-week high of $32.80. The firm has a market cap of $1.62 billion, a PE ratio of 15.29 and a beta of 1.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $506.40 million during the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The business's revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. 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 earnings per share 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. Investors of record on Thursday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.40 annualized dividend and a yield of 2.0%. Wolverine World Wide's dividend payout ratio is presently 31.01%.

Wall Street Analyst Weigh In

Several brokerages have commented on WWW. Needham & Company LLC raised their target price on shares of Wolverine World Wide from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Seaport Research Partners reiterated a "buy" rating and issued a $30.00 price target on shares of Wolverine World Wide in a report on Friday, August 14th. Wall Street Zen raised shares of Wolverine World Wide from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded shares of Wolverine World Wide from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, June 11th. Finally, UBS Group boosted their price objective on shares of Wolverine World Wide from $29.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $23.11.

About Wolverine World Wide

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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