111,330 Shares in Wolverine World Wide, Inc. $WWW Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC bought a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 111,330 shares of the textile maker’s stock, valued at approximately $2,128,000. Penn Capital Management Company LLC owned 0.14% of Wolverine World Wide as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in Wolverine World Wide in the second quarter worth $33,000. Global Retirement Partners LLC acquired a new position in shares of Wolverine World Wide during the second quarter valued at about $34,000. Sterling Capital Management LLC raised its holdings in shares of 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 purchasing an additional 1,969 shares during the period. Caitlin John LLC acquired a new position in shares of Wolverine World Wide during the second quarter valued at about $56,000. Finally, State of Wyoming bought a new position in shares of Wolverine World Wide during the 2nd quarter worth about $68,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Stock Performance

WWW stock opened at $21.97 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1.80 billion, a PE ratio of 17.03, a P/E/G ratio of 1.60 and a beta of 1.67. The business has a 50 day moving average of $19.84 and a 200-day moving average of $18.19. Wolverine World Wide, Inc. has a 12-month low of $14.00 and a 12-month high of $23.84.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The business had revenue of $506.40 million for the quarter, compared to analyst estimates of $500.74 million. During the same period last year, the company posted $0.32 earnings per share. Wolverine World Wide’s quarterly 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. As a group, sell-side 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, February 1st. Investors of record on Monday, January 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, January 4th. Wolverine World Wide’s payout ratio is 31.01%.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group raised their target price on Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Seaport Research Partners restated a “buy” rating and set a $30.00 price objective on shares of Wolverine World Wide in a report on Friday, August 14th. Needham & Company LLC increased their price objective 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. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Finally, Williams Trading set a $20.00 price target on shares of Wolverine World Wide in a research report on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.11.

Wolverine World Wide Profile

Wolverine World Wide, Inc is a footwear and apparel company that designs, markets and distributes products through a portfolio of consumer and workwear brands. Its brands include Merrell, Saucony, Sweaty Betty, Wolverine, Chaco and Bates, with offerings that span outdoor, athletic, casual and occupational footwear, as well as apparel and accessories.

Founded in 1883 in Rockford, Michigan, the company has expanded from its early roots in leather and footwear manufacturing into an international brand business.