Wolverine World Wide, Inc. $WWW Shares Acquired by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC grew its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,577 shares of the textile maker’s stock after purchasing an additional 37,000 shares during the quarter. Manning & Napier Advisors LLC owned approximately 0.73% of Wolverine World Wide worth $9,785,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WWW. Clearstead Advisors LLC grew its position in Wolverine World Wide by 191.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after buying an additional 1,053 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Wolverine World Wide in the second quarter worth about $34,000. Global Retirement Partners LLC raised its position in shares of Wolverine World Wide by 2,134.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after acquiring an additional 2,754 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Wolverine World Wide by 68.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Wolverine World Wide by 13,834.3% during the 3rd quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock worth $134,000 after acquiring an additional 4,842 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Robert W. Baird reduced their price target on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Weiss Ratings raised Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Needham & Company LLC assumed coverage on Wolverine World Wide in a research report on Thursday, March 26th. They set a “buy” rating and a $21.00 target price on the stock. Telsey Advisory Group dropped their price target on shares of 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. Finally, Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.75.

Wolverine World Wide Price Performance

WWW stock traded up $0.37 during trading on Friday, hitting $17.73. The stock had a trading volume of 857,648 shares, compared to its average volume of 865,860. Wolverine World Wide, Inc. has a twelve month low of $13.47 and a twelve month high of $32.80. The company’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $17.29. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89. The stock has a market capitalization of $1.45 billion, a P/E ratio of 14.30 and a beta of 1.75.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, research analysts predict that Wolverine World Wide, Inc. will post 1.56 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

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

Insiders Place Their Bets

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value of $87,340.00. Following the transaction, the director owned 54,202 shares in the company, valued at approximately $860,727.76. This trade represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

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.