The Manufacturers Life Insurance Company Takes Position in Wolverine World Wide, Inc. $WWW

The Manufacturers Life Insurance Company acquired a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,480 shares of the textile maker’s stock, valued at approximately $570,000.

Several other large investors also recently bought and sold shares of the business. Clearstead Advisors LLC lifted its stake in Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 1,053 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Wolverine World Wide in the second quarter worth approximately $34,000. Global Retirement Partners LLC bought a new stake in shares of Wolverine World Wide in the second quarter worth approximately $34,000. Quadrant Capital Group LLC raised its holdings in shares of Wolverine World Wide by 68.1% during 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 last quarter. Finally, State of Wyoming bought a new position in Wolverine World Wide during the second quarter valued at approximately $68,000. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Stock Down 0.4%

Shares of WWW stock opened at $20.67 on Monday. Wolverine World Wide, Inc. has a 12 month low of $13.47 and a 12 month high of $32.80. The stock has a market cap of $1.70 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.41 and a beta of 1.72. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The company has a 50 day simple moving average of $18.97 and a two-hundred day simple moving average of $17.66.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $506.40 million for the quarter, compared to analysts’ expectations of $500.74 million. During the same quarter last year, the company posted $0.32 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. On average, research analysts expect that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current year.

Wolverine World Wide Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on WWW shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $21.00 target price on shares of Wolverine World Wide in a research report on Friday, August 14th. Weiss Ratings raised Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Needham & Company LLC raised their price target on Wolverine World Wide from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Zacks Research lowered Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, UBS Group upped their price objective on Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Wolverine World Wide presently has a consensus rating of “Hold” and a consensus 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.