Wolverine World Wide, Inc. $WWW Holdings Increased by Access Investment Management LLC

Key Points

• Access Investment Management LLC increased its Wolverine World Wide stake by 36,848% in the third quarter, owning 92,370 shares valued at approximately $1.765 million. Institutional investors collectively own 90.25% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $23.11 versus the stock’s $20.38 opening price. Recent targets range from $20 to $30.
• Wolverine World Wide exceeded quarterly expectations with earnings of $0.40 per share and revenue of $506.4 million, while revenue increased 6.8% year over year. The company also declared a quarterly dividend of $0.10 per share, representing a 2.0% yield.

Access Investment Management LLC raised its position in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) by 36,848.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,370 shares of the textile maker's stock after purchasing an additional 92,120 shares during the period. Access Investment Management LLC owned 0.11% of Wolverine World Wide worth $1,765,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Wolverine World Wide in the second quarter worth $33,000. Global Retirement Partners LLC bought a new stake in Wolverine World Wide during the second quarter valued at $34,000. Sterling Capital Management LLC boosted its stake in Wolverine World Wide by 345.4% during the third quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker's stock valued at $49,000 after buying an additional 1,969 shares during the period. Caitlin John LLC bought a new stake in Wolverine World Wide during the second quarter valued at $56,000. Finally, State of Wyoming purchased a new position in Wolverine World Wide during the second quarter worth about $68,000. 90.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on WWW. Williams Trading set a $20.00 target price on Wolverine World Wide in a research note on Wednesday, August 19th. Seaport Research Partners reaffirmed a "buy" rating and issued a $30.00 price target on shares of Wolverine World Wide in a report on Friday, August 14th. KeyCorp reiterated an "overweight" rating and set a $25.00 price target on shares of Wolverine World Wide in a research report on Thursday, August 13th. Telsey Advisory Group reissued a "market perform" rating and set a $21.00 price objective on shares of Wolverine World Wide in a report on Friday, August 14th. Finally, Stifel Nicolaus boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Wolverine World Wide presently has a consensus rating of "Moderate Buy" and an average target price of $23.11.

Wolverine World Wide Stock Up 0.1%

Shares of NYSE:WWW opened at $20.38 on Monday. The firm has a market capitalization of $1.67 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.38 and a beta of 1.69. 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, Inc. has a 52-week low of $13.47 and a 52-week high of $27.73. The firm has a fifty day moving average of $19.68 and a 200 day moving average of $18.29.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $506.40 million for the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, research analysts anticipate that Wolverine World Wide, Inc. will post 1.64 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. Shareholders of record on Thursday, October 1st will be paid 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 dividend yield of 2.0%. Wolverine World Wide's dividend payout ratio (DPR) is 31.01%.

Wolverine World Wide Profile

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company's portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.

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