Oxbow Capital Management HK Ltd Invests $54.43 Million in Wolverine World Wide, Inc. $WWW

Oxbow Capital Management HK Ltd acquired a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,983,632 shares of the textile maker’s stock, valued at approximately $54,431,000. Wolverine World Wide makes up approximately 9.5% of Oxbow Capital Management HK Ltd’s holdings, making the stock its 5th biggest position. Oxbow Capital Management HK Ltd owned 2.42% of Wolverine World Wide as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its position in Wolverine World Wide by 295.7% during the 1st quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock worth $460,000 after acquiring an additional 24,701 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $660,000 after purchasing an additional 2,321 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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 valued at $20,929,000 after purchasing an additional 537,854 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 worth $3,167,000 after purchasing an additional 26,870 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Wolverine World Wide by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 647,041 shares of the textile maker’s stock worth $11,698,000 after purchasing an additional 14,629 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WWW. Zacks Research raised shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Robert W. Baird boosted their price target on shares of Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Piper Sandler downgraded shares of Wolverine World Wide from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $22.00 to $16.00 in a research note on Wednesday, January 7th. Telsey Advisory Group raised their price objective on Wolverine World Wide from $18.00 to $22.00 and gave the company a “market perform” 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 analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.50.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $15.97 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average price is $17.96 and its two-hundred day moving average price is $21.19. The company has a market cap of $1.30 billion, a PE ratio of 14.13 and a beta of 1.88. Wolverine World Wide, Inc. has a twelve month low of $9.58 and a twelve month high of $32.80.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Thursday, February 26th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $510.49 million. During the same period last year, the firm posted $0.40 earnings per share. The business’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, analysts predict that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Wolverine World Wide’s payout ratio is 35.40%.

Wolverine World Wide 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.