Manning & Napier Advisors LLC Buys Shares of 700,000 Wolverine World Wide, Inc. $WWW

Key Points

• Manning & Napier Advisors acquired 700,000 shares of Wolverine World Wide, valued at approximately $11.6 million, while institutional investors collectively own 90.25% of the company.
• Wolverine reported quarterly EPS of $0.40, beating estimates by $0.02, with revenue up 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 an annualized dividend of $0.40 and a 1.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $23.11.

Manning & Napier Advisors LLC purchased a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 700,000 shares of the textile maker's stock, valued at approximately $11,571,000. Manning & Napier Advisors LLC owned approximately 0.85% of Wolverine World Wide as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC boosted its position in Wolverine World Wide by 191.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker's stock worth $29,000 after purchasing an additional 1,053 shares during the period. Global Retirement Partners LLC bought a new position in shares of Wolverine World Wide in the second quarter valued at approximately $34,000. Canada Pension Plan Investment Board acquired a new stake in shares of Wolverine World Wide in the second quarter worth $34,000. Quadrant Capital Group LLC boosted its holdings in shares of Wolverine World Wide by 68.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker's stock worth $55,000 after buying an additional 1,232 shares during the period. Finally, State of Wyoming acquired a new position in Wolverine World Wide in the 2nd quarter valued at $68,000. Institutional investors and hedge funds own 90.25% of the company's stock.

Wolverine World Wide Stock Down 0.4%

NYSE WWW opened at $20.89 on Tuesday. Wolverine World Wide, Inc. has a twelve month low of $13.47 and a twelve month high of $32.80. The stock has a market cap of $1.71 billion, a PE ratio of 16.19 and a beta of 1.73. The firm has a 50-day simple moving average of $18.48 and a 200 day simple moving average of $17.54. 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 posted its quarterly 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 return on equity of 28.50% and a net margin of 5.55%.The firm had revenue of $506.40 million during the quarter, compared to analysts' expectations of $500.74 million. During the same quarter in the prior year, the firm posted $0.32 EPS. The company'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, research analysts forecast that Wolverine World Wide, Inc. will post 1.64 EPS for the current year.

Wolverine World Wide Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have issued reports on WWW. Stifel Nicolaus upped their price target on shares of Wolverine World Wide from $25.00 to $26.00 and gave the company a "buy" rating in a report on Friday, August 14th. Weiss Ratings raised Wolverine World Wide from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, June 11th. UBS Group increased their target price on Wolverine World Wide from $29.00 to $31.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Wall Street Zen raised Wolverine World Wide from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Seaport Research Partners reiterated a "buy" rating and set a $30.00 price target on shares of Wolverine World Wide in a report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Wolverine World Wide has an average rating of "Hold" and an average price target of $23.11.

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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