GSA Capital Partners LLP Purchases Shares of 58,134 Wolverine World Wide, Inc. $WWW

GSA Capital Partners LLP purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW) in the 4th quarter, HoldingsChannel reports. The fund purchased 58,134 shares of the textile maker’s stock, valued at approximately $1,055,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans increased its stake 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 valued at $1,074,000 after purchasing an additional 782 shares in the last quarter. Amalgamated Bank increased its stake in Wolverine World Wide by 3.5% in the third quarter. Amalgamated Bank now owns 23,831 shares of the textile maker’s stock valued at $654,000 after purchasing an additional 799 shares in the last quarter. Covestor Ltd increased its stake in Wolverine World Wide by 16,025.0% in the third quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 1,282 shares in the last quarter. Raymond James Financial Inc. increased its stake in Wolverine World Wide by 2.1% in the second quarter. Raymond James Financial Inc. now owns 67,595 shares of the textile maker’s stock valued at $1,222,000 after purchasing an additional 1,395 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Wolverine World Wide in the second quarter valued at $34,000. 90.25% of the stock is owned by institutional investors.

Wolverine World Wide Trading Up 5.6%

WWW opened at $16.13 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89. Wolverine World Wide, Inc. has a fifty-two week low of $13.47 and a fifty-two week high of $32.80. The firm has a market capitalization of $1.32 billion, a PE ratio of 13.01 and a beta of 1.75. The company’s 50-day moving average is $16.60 and its 200 day moving average is $17.29.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The company had revenue of $457.60 million for the quarter, compared to analyst estimates of $448.44 million. During the same quarter in the prior year, the business posted $0.18 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. 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 1.55 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio is currently 32.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WWW shares. Robert W. Baird decreased 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 note on Friday, May 15th. BNP Paribas Exane downgraded shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $19.00 in a research note on Thursday, January 22nd. Argus reaffirmed a “hold” rating on shares of Wolverine World Wide in a research note on Friday, January 23rd. KeyCorp lifted their price target on shares of Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Needham & Company LLC started coverage on shares of Wolverine World Wide in a research note on Thursday, March 26th. They issued a “buy” rating and a $21.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.75.

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.