Earnest Partners LLC Trims Stock Position in Wolverine World Wide, Inc. $WWW

Earnest Partners LLC trimmed its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 16.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,080,392 shares of the textile maker’s stock after selling 830,822 shares during the quarter. Earnest Partners LLC’s holdings in Wolverine World Wide were worth $111,966,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WWW. Royal Bank of Canada boosted its stake in shares of Wolverine World Wide by 295.7% in the first quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock worth $460,000 after buying an additional 24,701 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Wolverine World Wide by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock valued at $660,000 after acquiring an additional 2,321 shares during the period. Goldman Sachs Group Inc. boosted its position in Wolverine World Wide by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock worth $20,929,000 after purchasing an additional 537,854 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Wolverine World Wide by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock worth $3,167,000 after purchasing an additional 26,870 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Wolverine World Wide by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 647,041 shares of the textile maker’s stock valued at $11,698,000 after purchasing an additional 14,629 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wall Street Analysts Forecast Growth

WWW has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Piper Sandler lowered shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $16.00 in a research note on Wednesday, January 7th. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. BNP Paribas Exane downgraded Wolverine World Wide from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $19.00 in a research report on Thursday, January 22nd. Finally, KeyCorp boosted their price objective on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.50.

Wolverine World Wide Trading Down 1.0%

Shares of WWW opened at $15.97 on Friday. Wolverine World Wide, Inc. has a 52-week low of $9.58 and a 52-week high of $32.80. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 1.29. The firm’s fifty day moving average is $17.96 and its two-hundred day moving average is $21.12. The stock has a market cap of $1.30 billion, a PE ratio of 14.13 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $510.49 million. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. Research analysts forecast that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.5%. Wolverine World Wide’s dividend payout ratio is presently 35.40%.

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.