Dynamic Technology Lab Private Ltd Takes Position in Wolverine World Wide, Inc. $WWW

Dynamic Technology Lab Private Ltd purchased a new position in Wolverine World Wide, Inc. (NYSE:WWW) during the 3rd quarter, HoldingsChannel reports. The fund purchased 30,512 shares of the textile maker’s stock, valued at approximately $837,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WWW. First Trust Advisors LP boosted its stake in Wolverine World Wide by 376.1% during the third quarter. First Trust Advisors LP now owns 208,592 shares of the textile maker’s stock valued at $5,724,000 after buying an additional 164,776 shares during the period. Dimensional Fund Advisors LP increased its stake in Wolverine World Wide by 17.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,347,943 shares of the textile maker’s stock worth $36,985,000 after acquiring an additional 200,645 shares during the last quarter. Caitlin John LLC purchased a new stake in shares of Wolverine World Wide in the 3rd quarter valued at about $92,000. Aster Capital Management DIFC Ltd boosted its position in shares of Wolverine World Wide by 1,605.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock valued at $73,000 after acquiring an additional 2,505 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Wolverine World Wide by 123.1% during the 3rd quarter. Intech Investment Management LLC now owns 195,198 shares of the textile maker’s stock valued at $5,356,000 after acquiring an additional 107,704 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Analyst Ratings Changes

WWW has been the topic of several research analyst reports. BNP Paribas Exane cut shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $38.00 to $19.00 in a research report on Thursday, January 22nd. Robert W. Baird lifted 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. Piper Sandler cut shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $22.00 to $16.00 in a research note on Wednesday, January 7th. Zacks Research raised shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Finally, Telsey Advisory Group lifted their price objective on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a “market perform” rating in a 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.50.

Wolverine World Wide Stock Performance

NYSE WWW opened at $16.74 on Tuesday. The company has a 50-day simple moving average of $18.11 and a two-hundred day simple moving average of $21.47. Wolverine World Wide, Inc. has a 12-month low of $9.58 and a 12-month high of $32.80. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 14.82 and a beta of 1.88. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 1.29.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Wolverine World Wide had a return on equity of 29.84% and a net margin of 5.06%.The firm had revenue of $517.50 million for the quarter, compared to the consensus estimate of $510.49 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. On average, equities analysts forecast that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

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

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.