39,955 Shares in Wolverine World Wide, Inc. $WWW Purchased by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP acquired a new position in Wolverine World Wide, Inc. (NYSE:WWW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 39,955 shares of the textile maker’s stock, valued at approximately $1,096,000.

A number of other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Wolverine World Wide by 295.7% during the first quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock worth $460,000 after purchasing an additional 24,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Wolverine World Wide by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock worth $660,000 after buying an additional 2,321 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Wolverine World Wide by 55.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock worth $20,929,000 after acquiring an additional 537,854 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Wolverine World Wide by 13.4% in 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 valued at $3,167,000 after acquiring an additional 26,870 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Wolverine World Wide by 5.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,300 shares of the textile maker’s stock valued at $222,000 after acquiring an additional 595 shares during the period. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Performance

Wolverine World Wide stock opened at $16.45 on Wednesday. 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 stock has a market cap of $1.34 billion, a PE ratio of 14.56 and a beta of 1.88. Wolverine World Wide, Inc. has a 12-month low of $9.58 and a 12-month high of $32.80. The business’s 50-day moving average price is $18.08 and its two-hundred day moving average price is $21.36.

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

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.4%. Wolverine World Wide’s dividend payout ratio is 35.40%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. BNP Paribas Exane downgraded shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $19.00 in a research note on Thursday, January 22nd. Robert W. Baird boosted their target price on shares of Wolverine World Wide from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. KeyCorp upped their price target on shares of Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Telsey Advisory Group increased their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wolverine World Wide currently has an average rating of “Hold” and an average target price of $22.50.

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.