82,103 Shares in Wolverine World Wide, Inc. $WWW Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new position in Wolverine World Wide, Inc. (NYSE:WWW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 82,103 shares of the textile maker’s stock, valued at approximately $1,357,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of WWW. BlackRock Inc. bought a new stake in shares of Wolverine World Wide in the 2nd quarter worth about $204,878,000. Millennium Management LLC raised its position in Wolverine World Wide by 1,740.2% during the fourth quarter. Millennium Management LLC now owns 1,204,127 shares of the textile maker’s stock valued at $21,855,000 after purchasing an additional 1,138,691 shares during the period. Callodine Capital Management LP raised its position in Wolverine World Wide by 27.8% during the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock valued at $73,524,000 after purchasing an additional 980,839 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Wolverine World Wide in the 2nd quarter valued at approximately $13,557,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Wolverine World Wide by 521.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 970,763 shares of the textile maker’s stock worth $17,619,000 after purchasing an additional 814,457 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WWW has been the subject of several analyst reports. Stifel Nicolaus raised their target price on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Needham & Company LLC raised their price objective on shares of Wolverine World Wide from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Telsey Advisory Group reissued a “market perform” rating and set a $21.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th. KeyCorp restated an “overweight” rating and set a $25.00 price objective on shares of Wolverine World Wide in a report on Thursday, August 13th. Finally, Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.11.

Wolverine World Wide Trading Up 2.7%

NYSE:WWW opened at $21.00 on Friday. Wolverine World Wide, Inc. has a one year low of $13.47 and a one year high of $32.80. 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 firm has a market cap of $1.72 billion, a P/E ratio of 16.28 and a beta of 1.73. The firm has a 50-day simple moving average of $18.42 and a 200-day simple moving average of $17.52.

Wolverine World Wide (NYSE:WWW) last posted its earnings results 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. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The company had revenue of $506.40 million during the quarter, compared to analyst estimates of $500.74 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. Wolverine World Wide’s revenue was up 6.8% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Equities analysts anticipate that Wolverine World Wide, Inc. will post 1.64 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, November 2nd. Stockholders of record on Thursday, October 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.9%. 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.