Edgestream Partners L.P. Buys Shares of 57,279 Wolverine World Wide, Inc. $WWW

Edgestream Partners L.P. bought a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 57,279 shares of the textile maker’s stock, valued at approximately $935,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Wolverine World Wide by 111.8% in the 1st quarter. Renaissance Technologies LLC now owns 534,045 shares of the textile maker’s stock valued at $8,716,000 after buying an additional 281,845 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Wolverine World Wide by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock valued at $163,146,000 after purchasing an additional 353,808 shares during the period. Jupiter Asset Management Ltd. lifted its stake in shares of Wolverine World Wide by 106.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,164,314 shares of the textile maker’s stock worth $21,132,000 after acquiring an additional 601,059 shares during the period. Landscape Capital Management L.L.C. acquired a new position in Wolverine World Wide during the fourth quarter worth $4,667,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Wolverine World Wide in the 4th quarter valued at approximately $21,687,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research raised Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Robert W. Baird dropped their target price on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, Telsey Advisory Group reduced their target price on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Wolverine World Wide has a consensus rating of “Moderate Buy” 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 the stock in a transaction that occurred on 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 owned 54,202 shares in the company, valued at approximately $860,727.76. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Wolverine World Wide Stock Down 2.0%

NYSE:WWW opened at $19.37 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. Wolverine World Wide, Inc. has a 52-week low of $13.47 and a 52-week high of $32.80. The company has a market cap of $1.59 billion, a PE ratio of 15.62 and a beta of 1.73. The stock has a 50-day simple moving average of $17.77 and a 200 day simple moving average of $17.39.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share 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 the consensus estimate of $448.44 million. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, sell-side analysts expect that Wolverine World Wide, Inc. will post 1.56 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

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

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.