GSA Capital Partners LLP Invests $653,000 in Wolverine World Wide, Inc. $WWW

GSA Capital Partners LLP bought a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the second quarter, Holdings Channel reports. The fund bought 39,489 shares of the textile maker’s stock, valued at approximately $653,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in 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 acquiring an additional 24,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 purchasing an additional 2,321 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Wolverine World Wide by 55.6% during the first 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 increased its stake in shares of Wolverine World Wide by 13.4% during the first 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 in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Wolverine World Wide by 4.8% during the second quarter. Invesco Ltd. now owns 997,217 shares of the textile maker’s stock worth $18,030,000 after purchasing an additional 45,982 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $21.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th. Stifel Nicolaus boosted their price objective on Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. KeyCorp reissued an “overweight” rating and set a $25.00 target price on shares of Wolverine World Wide in a report on Thursday, August 13th. Needham & Company LLC raised their target price on Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Wolverine World Wide presently has an average rating of “Hold” and a consensus target price of $23.11.

Wolverine World Wide Price Performance

NYSE:WWW opened at $20.40 on Friday. Wolverine World Wide, Inc. has a one year low of $13.47 and a one year high of $32.80. The stock has a market cap of $1.67 billion, a PE ratio of 15.81 and a beta of 1.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. The stock has a 50 day moving average price of $18.36 and a 200 day moving average price of $17.49.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $506.40 million for the quarter, compared to analyst estimates of $500.74 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Equities research analysts expect that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. Wolverine World Wide’s payout ratio is presently 31.01%.

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.