Janus Henderson Group PLC Has $1.69 Million Stock Position in Wolverine World Wide, Inc. $WWW

Key Points

• Janus Henderson Group nearly tripled its Wolverine World Wide position in the first quarter, acquiring 68,944 additional shares for a total stake worth approximately $1.69 million. Institutional investors and hedge funds collectively own 90.25% of the company.
• Analyst sentiment is mixed but leans toward caution: five analysts rate the stock a Buy and six rate it a Hold, with an average rating of Hold and an average price target of $21.75. Several firms recently cut their price targets or downgraded the shares.
• Wolverine beat quarterly earnings and revenue expectations, reporting $0.25 EPS and $457.6 million in revenue, up 11% year over year. The company also declared a quarterly dividend of $0.10 per share, equating to a 2.1% annualized yield.

Janus Henderson Group PLC increased its holdings in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 197.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,781 shares of the textile maker's stock after acquiring an additional 68,944 shares during the period. Janus Henderson Group PLC owned about 0.13% of Wolverine World Wide worth $1,694,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WWW. California State Teachers Retirement System grew its stake in Wolverine World Wide by 34.7% during the 1st quarter. California State Teachers Retirement System now owns 104,730 shares of the textile maker's stock valued at $1,709,000 after acquiring an additional 26,993 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Wolverine World Wide by 6.1% in the first quarter. Quantinno Capital Management LP now owns 68,137 shares of the textile maker's stock worth $1,112,000 after purchasing an additional 3,894 shares in the last quarter. Callodine Capital Management LP lifted its position 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 purchasing an additional 980,839 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Wolverine World Wide by 111.8% during the first quarter. Renaissance Technologies LLC now owns 534,045 shares of the textile maker's stock worth $8,716,000 after purchasing an additional 281,845 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Wolverine World Wide by 7.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 426,608 shares of the textile maker's stock worth $6,962,000 after purchasing an additional 28,014 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WWW shares. Wall Street Zen lowered shares of Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Robert W. Baird decreased their target price on shares of Wolverine World Wide from $27.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, May 15th. 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. Telsey Advisory Group dropped their price target on shares of Wolverine World Wide from $22.00 to $18.00 and set a "market perform" rating on the stock in a research note on Friday, May 15th. Finally, Zacks Research lowered Wolverine World Wide from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Wolverine World Wide has an average rating of "Hold" and an average target price of $21.75.

Wolverine World Wide Price Performance

Shares of Wolverine World Wide stock opened at $18.94 on Monday. The firm has a fifty day simple moving average of $17.85 and a 200-day simple moving average of $17.38. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. Wolverine World Wide, Inc. has a 1-year low of $13.47 and a 1-year high of $32.80. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 15.28 and a beta of 1.73.

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

Wolverine World Wide Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.1%. Wolverine World Wide's payout ratio is presently 32.26%.

Insider Activity at Wolverine World Wide

In related news, Director Brenda J. Lauderback sold 5,500 shares of the business's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the transaction, the director owned 54,202 shares of the company's stock, valued at approximately $860,727.76. The trade was a 9.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

Wolverine World Wide Company 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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