Wellington Management Group LLP Raises Holdings in Wolverine World Wide, Inc. $WWW

Wellington Management Group LLP lifted its position in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,528,278 shares of the textile maker’s stock after acquiring an additional 146,791 shares during the quarter. Wellington Management Group LLP owned approximately 0.06% of Wolverine World Wide worth $74,852,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Wolverine World Wide by 295.7% during the first quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock valued at $460,000 after purchasing an additional 24,701 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Wolverine World Wide by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock worth $660,000 after purchasing an additional 2,321 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Wolverine World Wide by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock worth $20,929,000 after purchasing an additional 537,854 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Wolverine World Wide by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock valued at $3,167,000 after purchasing an additional 26,870 shares during the period. Finally, Invesco Ltd. raised its position in shares of Wolverine World Wide by 4.8% in the second quarter. Invesco Ltd. now owns 997,217 shares of the textile maker’s stock valued at $18,030,000 after purchasing an additional 45,982 shares during the period. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Telsey Advisory Group reissued a “market perform” rating and set a $21.00 target price on shares of Wolverine World Wide in a report on Friday, August 14th. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Finally, Stifel Nicolaus lifted their price target on Wolverine World Wide from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $23.11.

Wolverine World Wide Stock Performance

NYSE:WWW opened at $19.32 on Thursday. The business’s 50-day moving average price is $18.84 and its two-hundred day moving average price is $17.62. Wolverine World Wide, Inc. has a twelve month low of $13.47 and a twelve month high of $32.80. The stock has a market cap of $1.59 billion, a P/E ratio of 14.97, a PEG ratio of 1.31 and a beta of 1.72. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $506.40 million during the quarter, compared to analyst estimates of $500.74 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.Wolverine World Wide’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, equities analysts predict that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently announced 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 is Thursday, October 1st. This represents a $0.40 annualized dividend and a yield of 2.1%. 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.