Wolverine World Wide, Inc. $WWW Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC cut its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 36.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,570 shares of the textile maker’s stock after selling 309,282 shares during the period. Aristotle Capital Boston LLC’s holdings in Wolverine World Wide were worth $14,559,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Oxbow Capital Management HK Ltd acquired a new position in shares of Wolverine World Wide during the third quarter valued at $54,431,000. Hennessy Advisors Inc. acquired a new stake in shares of Wolverine World Wide in the 3rd quarter worth about $36,556,000. Callodine Capital Management LP increased its holdings in shares of Wolverine World Wide by 41.0% in the 2nd quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock worth $77,700,000 after acquiring an additional 1,250,515 shares during the period. Portolan Capital Management LLC bought a new stake in Wolverine World Wide in the 3rd quarter valued at about $21,859,000. Finally, Wellington Management Group LLP bought a new stake in Wolverine World Wide in the 3rd quarter valued at about $19,200,000. 90.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on WWW shares. Telsey Advisory Group upped their target price on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, February 27th. BNP Paribas Exane cut Wolverine World Wide from an “outperform” rating to a “neutral” rating and cut their price target for the company from $38.00 to $19.00 in a report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Wolverine World Wide in a research report on Monday, December 29th. Robert W. Baird increased their price objective on Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, UBS Group lowered their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.50.

Wolverine World Wide Trading Down 1.0%

Shares of NYSE:WWW opened at $15.97 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.87 and a current ratio of 1.40. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 14.13 and a beta of 1.88. Wolverine World Wide, Inc. has a 1-year low of $9.58 and a 1-year high of $32.80. The company has a 50 day moving average price of $17.96 and a 200 day moving average price of $21.12.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $517.50 million for the quarter, compared to analysts’ expectations of $510.49 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. The firm’s 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, research analysts anticipate that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.5%. 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.