Great Lakes Advisors LLC Buys Shares of 82,103 Wolverine World Wide, Inc. $WWW

Great Lakes Advisors LLC bought a new position in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 82,103 shares of the textile maker's stock, valued at approximately $1,357,000. Great Lakes Advisors LLC owned approximately 0.10% of Wolverine World Wide at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Clearstead Advisors LLC lifted its stake in Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker's stock valued at $29,000 after acquiring an additional 1,053 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Wolverine World Wide in the second quarter worth approximately $34,000. Canada Pension Plan Investment Board purchased a new position in shares of Wolverine World Wide during the second quarter valued at approximately $34,000. Quadrant Capital Group LLC raised its holdings in shares of Wolverine World Wide by 68.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker's stock valued at $55,000 after purchasing an additional 1,232 shares during the last quarter. Finally, State of Wyoming bought a new position in Wolverine World Wide during the second quarter valued at approximately $68,000. Hedge funds and other institutional investors own 90.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports 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 reissued a "buy" rating and set a $30.00 price target on shares of Wolverine World Wide in a report on Friday, August 14th. KeyCorp restated an "overweight" rating and issued a $25.00 price target on shares of Wolverine World Wide in a research note on Thursday, August 13th. Stifel Nicolaus lifted their price objective on Wolverine World Wide from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded Wolverine World Wide from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, June 11th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $23.11.

Wolverine World Wide Trading Up 2.7%

Shares of Wolverine World Wide stock opened at $21.00 on Friday. Wolverine World Wide, Inc. has a 1-year low of $13.47 and a 1-year high of $32.80. The company's fifty day simple moving average is $18.42 and its 200-day simple moving average is $17.52. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.55 and a quick ratio of 0.98. The stock has a market capitalization of $1.72 billion, a PE ratio of 16.28 and a beta of 1.73.

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, topping 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 for the quarter, compared to analysts' expectations of $500.74 million. During the same period last year, the firm earned $0.32 EPS. Wolverine World Wide's revenue for the quarter was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, equities analysts anticipate that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a yield of 1.9%. Wolverine World Wide's payout ratio is currently 31.01%.

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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