Oppenheimer Asset Management Inc. Purchases Shares of 86,599 Wolverine World Wide, Inc. $WWW

Key Points

• Oppenheimer Asset Management initiated a stake of 86,599 Wolverine World Wide shares valued at approximately $1.43 million. Institutional investors collectively own 90.25% of the company.
• Wolverine’s latest quarter beat expectations, with EPS of $0.40 versus the $0.38 estimate and revenue up 6.8% year over year to $506.4 million. Fiscal 2026 EPS guidance is $1.55–$1.65, supported by momentum at the Merrell and Saucony brands.
• Analyst sentiment remains mixed but valuation targets have generally risen; the stock carries an average “Hold” rating and a $23.50 consensus price target. Wolverine also declared a quarterly dividend of $0.10 per share, representing a 1.9% yield.

Oppenheimer Asset Management Inc. purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 86,599 shares of the textile maker's stock, valued at approximately $1,431,000. Oppenheimer Asset Management Inc. owned 0.11% of Wolverine World Wide as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WWW. Thrivent Financial for Lutherans boosted its position in shares of Wolverine World Wide by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker's stock worth $1,074,000 after purchasing an additional 782 shares during the period. Clearstead Advisors LLC increased its holdings in Wolverine World Wide by 191.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker's stock valued at $29,000 after purchasing an additional 1,053 shares during the last quarter. LPL Financial LLC increased its holdings in Wolverine World Wide by 8.0% in the 4th quarter. LPL Financial LLC now owns 16,346 shares of the textile maker's stock valued at $297,000 after purchasing an additional 1,217 shares during the last quarter. Quadrant Capital Group LLC raised its position in Wolverine World Wide by 68.1% in 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 period. Finally, GAMMA Investing LLC raised its position in Wolverine World Wide by 16.3% in the second quarter. GAMMA Investing LLC now owns 9,505 shares of the textile maker's stock valued at $157,000 after purchasing an additional 1,333 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.

Wolverine World Wide Price Performance

Shares of WWW opened at $21.09 on Monday. Wolverine World Wide, Inc. has a fifty-two week low of $13.47 and a fifty-two week high of $32.80. The firm's 50 day moving average price is $18.13 and its 200 day moving average price is $17.41. The company has a market cap of $1.73 billion, a P/E ratio of 16.35 and a beta of 1.73. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company had revenue of $506.40 million for the quarter, compared to analyst estimates of $500.74 million. During the same period in the prior year, the business earned $0.32 EPS. The firm's quarterly revenue 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 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The business 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. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 1st. Wolverine World Wide's dividend payout ratio (DPR) is presently 31.01%.

Wall Street Analyst Weigh In

WWW has been the topic of a number of research reports. KeyCorp restated an "overweight" rating and set a $25.00 price target on shares of Wolverine World Wide in a research note on Thursday. Zacks Research cut Wolverine World Wide from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded Wolverine World Wide from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. UBS Group increased their target price on Wolverine World Wide from $29.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Needham & Company LLC raised their target price on Wolverine World Wide from $21.00 to $24.00 and gave the company a "buy" rating in a report on Thursday. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Wolverine World Wide has an average rating of "Hold" and an average target price of $23.50.

Wolverine World Wide News Summary

Here are the key news stories impacting Wolverine World Wide this week:

• Positive Sentiment: Q2 results exceeded expectations. Wolverine reported adjusted earnings of $0.40 per share, above the $0.38 consensus estimate and up from $0.32 a year earlier. Revenue rose 6.8% year over year to $506.4 million, surpassing estimates of approximately $500.7 million. Wolverine World Wide Q2 earnings and revenues beat estimates
• Positive Sentiment: Full-year guidance was raised or reaffirmed at a favorable level. Wolverine now expects fiscal 2026 adjusted EPS of $1.55-$1.65 and revenue of roughly $1.98 billion-$2.0 billion. The earnings range is broadly consistent with, and at the upper end above, the prior analyst consensus of $1.56, reinforcing confidence in the company’s outlook. Wolverine World Wide raises fiscal 2026 outlook
• Positive Sentiment: Brand momentum is improving. Merrell and Saucony showed strong demand, helping Wolverine gain market momentum and supporting expectations for continued sales growth and margin expansion. Management also outlined plans to sustain global growth at both brands. Wolverine CEO discusses Merrell and Saucony growth
• Positive Sentiment: Analysts raised their valuation targets. Stifel Nicolaus lifted its target from $25 to $26 with a Buy rating, Robert W. Baird raised its target from $24 to $26 with an Outperform rating, and Needham increased its target from $21 to $24 with a Buy rating. The revisions suggest analysts see additional upside following the earnings beat. Analysts raise forecasts for Wolverine World Wide

Insider Activity

In related news, Director Brenda J. Lauderback sold 5,500 shares of Wolverine World Wide stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value of $87,340.00. Following the completion of the transaction, the director directly owned 54,202 shares in the company, valued at approximately $860,727.76. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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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