Sei Investments Co. Has $5.41 Million Stock Holdings in Wolverine World Wide, Inc. $WWW

Sei Investments Co. boosted its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 33.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 331,310 shares of the textile maker’s stock after buying an additional 83,070 shares during the period. Sei Investments Co.’s holdings in Wolverine World Wide were worth $5,407,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in shares of 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 buying an additional 782 shares during the period. Clearstead Advisors LLC raised its holdings in shares of Wolverine World Wide by 191.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after acquiring an additional 1,053 shares during the period. LPL Financial LLC raised its holdings in shares of Wolverine World Wide by 8.0% during the fourth quarter. LPL Financial LLC now owns 16,346 shares of the textile maker’s stock worth $297,000 after acquiring an additional 1,217 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Wolverine World Wide by 68.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,232 shares during the period. Finally, Raymond James Financial Inc. lifted its position in 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 valued at $1,222,000 after acquiring an additional 1,395 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Insider Activity at Wolverine World Wide

In other news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value of $87,340.00. Following the completion of the transaction, the director owned 54,202 shares in the company, valued at $860,727.76. This trade represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Wolverine World Wide Price Performance

NYSE WWW opened at $19.37 on Wednesday. The firm’s 50 day moving average is $17.77 and its 200-day moving average is $17.39. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1.59 billion, a PE ratio of 15.62 and a beta of 1.73. Wolverine World Wide, Inc. has a 12-month low of $13.47 and a 12-month high of $32.80.

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 the consensus estimate of $0.22 by $0.03. The business had revenue of $457.60 million during the quarter, compared to analysts’ expectations 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 was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Equities research analysts anticipate that Wolverine World Wide, Inc. will post 1.56 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

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

Wall Street Analysts Forecast Growth

WWW has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird dropped their price target on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Zacks Research upgraded Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Telsey Advisory Group reduced their price objective 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. Finally, Weiss Ratings raised Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.