First Trust Advisors LP Grows Stock Holdings in Wolverine World Wide, Inc. $WWW

First Trust Advisors LP boosted its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 262.7% during the first quarter, Holdings Channel reports. The firm owned 87,190 shares of the textile maker’s stock after purchasing an additional 63,154 shares during the quarter. First Trust Advisors LP’s holdings in Wolverine World Wide were worth $1,423,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in Wolverine World Wide by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock worth $1,074,000 after purchasing an additional 782 shares during the last quarter. Clearstead Advisors LLC raised 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 buying an additional 1,053 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Wolverine World Wide by 8.0% during the 4th quarter. LPL Financial LLC now owns 16,346 shares of the textile maker’s stock valued at $297,000 after buying an additional 1,217 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Wolverine World Wide by 68.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after buying an additional 1,232 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Wolverine World Wide by 2.1% in the 2nd quarter. Raymond James Financial Inc. now owns 67,595 shares of the textile maker’s stock worth $1,222,000 after buying an additional 1,395 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Telsey Advisory Group dropped their target price on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Zacks Research downgraded Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Robert W. Baird reduced their price target on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Finally, Wall Street Zen cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.75.

Insider Activity at Wolverine World Wide

In other news, Director Brenda J. Lauderback sold 5,500 shares of Wolverine World Wide stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the transaction, the director directly owned 54,202 shares of the company’s stock, valued at $860,727.76. The trade was a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Wolverine World Wide Trading Up 0.1%

Shares of WWW stock opened at $18.94 on Monday. 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 company has a market cap of $1.55 billion, a price-to-earnings ratio of 15.28 and a beta of 1.73. Wolverine World Wide, Inc. has a 1 year low of $13.47 and a 1 year high of $32.80. The firm has a fifty day moving average price of $17.85 and a 200-day moving average price of $17.38.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $457.60 million for 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%.Wolverine World Wide’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, equities analysts predict that Wolverine World Wide, Inc. will post 1.56 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. Wolverine World Wide’s dividend payout ratio (DPR) is 32.26%.

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.