Jupiter Asset Management Ltd. Acquires 601,059 Shares of Wolverine World Wide, Inc. $WWW

Jupiter Asset Management Ltd. raised its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 106.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,164,314 shares of the textile maker’s stock after buying an additional 601,059 shares during the period. Jupiter Asset Management Ltd.’s holdings in Wolverine World Wide were worth $21,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Wolverine World Wide by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock valued at $163,146,000 after buying an additional 353,808 shares during the period. Oxbow Capital Management HK Ltd bought a new stake in Wolverine World Wide in the third quarter valued at approximately $54,431,000. Geode Capital Management LLC raised its stake in Wolverine World Wide by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,889,235 shares of the textile maker’s stock valued at $34,296,000 after buying an additional 10,423 shares during the period. Bank of America Corp DE raised its stake in Wolverine World Wide by 8.6% in the second quarter. Bank of America Corp DE now owns 1,772,076 shares of the textile maker’s stock valued at $32,039,000 after buying an additional 139,913 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Wolverine World Wide by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock valued at $20,929,000 after buying an additional 537,854 shares during the period. Institutional investors own 90.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. KeyCorp upped their price objective on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Zacks Research upgraded Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Telsey Advisory Group dropped their price objective on 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. Needham & Company LLC assumed coverage on Wolverine World Wide in a research note on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Robert W. Baird dropped their price objective on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.75.

Insider Transactions at Wolverine World Wide

In related news, Director Brenda J. Lauderback sold 5,500 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the sale, the director owned 54,202 shares of the company’s stock, valued at $860,727.76. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Wolverine World Wide Price Performance

Wolverine World Wide stock opened at $17.59 on Friday. Wolverine World Wide, Inc. has a 12 month low of $13.47 and a 12 month high of $32.80. The stock’s 50 day moving average is $16.72 and its 200-day moving average is $17.24. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.19 and a beta of 1.75.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $457.60 million for the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Equities research analysts expect that Wolverine World Wide, Inc. will post 1.54 EPS for the current year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.3%. Wolverine World Wide’s dividend payout ratio is currently 32.26%.

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.