Intech Investment Management LLC Purchases 107,704 Shares of Wolverine World Wide, Inc. $WWW

Intech Investment Management LLC grew its position in shares of Wolverine World Wide, Inc. (NYSE:WWWFree Report) by 123.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 195,198 shares of the textile maker’s stock after buying an additional 107,704 shares during the period. Intech Investment Management LLC’s holdings in Wolverine World Wide were worth $5,356,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Callodine Capital Management LP lifted its position in 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 valued at $77,700,000 after acquiring an additional 1,250,515 shares in the last quarter. Geode Capital Management LLC raised its position in Wolverine World Wide by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,869,339 shares of the textile maker’s stock valued at $33,802,000 after buying an additional 32,493 shares during the last quarter. Bank of America Corp DE lifted its stake in Wolverine World Wide by 8.6% during the 2nd quarter. Bank of America Corp DE now owns 1,772,076 shares of the textile maker’s stock valued at $32,039,000 after acquiring an additional 139,913 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Wolverine World Wide by 55.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock worth $20,929,000 after acquiring an additional 537,854 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of Wolverine World Wide in the 3rd quarter worth $36,556,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide News Roundup

Here are the key news stories impacting Wolverine World Wide this week:

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WWW. Zacks Research lowered shares of Wolverine World Wide from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Wolverine World Wide in a research report on Monday, December 29th. UBS Group decreased their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Stifel Nicolaus set a $25.00 target price on Wolverine World Wide in a research note on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Wolverine World Wide currently has a consensus rating of “Hold” and a consensus price target of $22.50.

View Our Latest Research Report on Wolverine World Wide

Wolverine World Wide Trading Down 11.7%

Shares of Wolverine World Wide stock opened at $17.64 on Friday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 15.61 and a beta of 1.91. Wolverine World Wide, Inc. has a 52-week low of $9.58 and a 52-week high of $32.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.79 and a current ratio of 1.34. The stock’s 50-day simple moving average is $18.18 and its 200 day simple moving average is $21.99.

Wolverine World Wide (NYSE:WWWGet Free Report) last issued its earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Wolverine World Wide had a net margin of 5.06% and a return on equity of 31.24%. The firm had revenue of $517.50 million during the quarter, compared to analyst estimates of $510.49 million. During the same quarter last year, the business earned $0.40 earnings per share. The company’s quarterly 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. As a group, research analysts anticipate that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be issued 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 yield of 2.3%. Wolverine World Wide’s payout ratio is presently 38.46%.

Wolverine World Wide Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding WWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wolverine World Wide, Inc. (NYSE:WWWFree Report).

Institutional Ownership by Quarter for Wolverine World Wide (NYSE:WWW)

Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.