First Trust Advisors LP Raises Stock Holdings in Wolverine World Wide, Inc. $WWW

Key Points

• First Trust Advisors LP increased its Wolverine World Wide stake by 262.7% in the first quarter, reaching 87,190 shares valued at approximately $1.42 million. Institutional investors collectively own 90.25% of the company.
• Wolverine reported quarterly EPS of $0.25, exceeding estimates of $0.22, while revenue rose 11% year over year to $457.6 million. The company reaffirmed fiscal 2026 EPS guidance of $1.43–$1.58.
• The stock was recently priced at $18.94, and analysts maintain a consensus “Hold” rating with a $21.75 price target. Wolverine also declared a quarterly dividend of $0.10, representing a 2.1% annualized yield.

First Trust Advisors LP boosted its position in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 262.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,190 shares of the textile maker's stock after purchasing an additional 63,154 shares during the quarter. First Trust Advisors LP owned approximately 0.11% of Wolverine World Wide worth $1,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WWW. Vanguard Group Inc. increased its stake in shares of Wolverine World Wide by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker's stock worth $163,146,000 after acquiring an additional 353,808 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Wolverine World Wide by 106.7% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,164,314 shares of the textile maker's stock worth $21,132,000 after acquiring an additional 601,059 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Wolverine World Wide during the fourth quarter worth about $4,667,000. Massachusetts Financial Services Co. MA bought a new stake in Wolverine World Wide during the fourth quarter worth about $21,687,000. Finally, Aristotle Capital Boston LLC grew its holdings in Wolverine World Wide by 32.3% in the fourth quarter. Aristotle Capital Boston LLC now owns 702,079 shares of the textile maker's stock worth $12,743,000 after purchasing an additional 171,509 shares during the period. Hedge funds and other institutional investors own 90.25% of the company's stock.

Wolverine World Wide Stock Up 0.1%

Shares of Wolverine World Wide stock opened at $18.94 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. The stock has a market capitalization of $1.55 billion, a PE ratio of 15.28 and a beta of 1.73. Wolverine World Wide, Inc. has a 52-week low of $13.47 and a 52-week high of $32.80. The company has a 50-day simple moving average of $17.85 and a two-hundred day simple moving average of $17.38.

Wolverine World Wide (NYSE:WWW - Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. The firm had revenue of $457.60 million for the quarter, compared to analysts' expectations of $448.44 million. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, analysts anticipate that Wolverine World Wide, Inc. will post 1.56 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. Wolverine World Wide's payout ratio is currently 32.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Wolverine World Wide from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Robert W. Baird cut their price target on Wolverine World Wide from $27.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, May 15th. Weiss Ratings raised Wolverine World Wide from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, June 11th. Wall Street Zen cut Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Telsey Advisory Group dropped their target price on Wolverine World Wide from $22.00 to $18.00 and set a "market perform" rating on the stock in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.75.

Insider Activity at Wolverine World Wide

In related news, Director Brenda J. Lauderback sold 5,500 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the sale, the director directly owned 54,202 shares of the company's stock, valued at $860,727.76. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Wolverine World Wide Profile

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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