BlackRock Inc. Takes Position in Wolverine World Wide, Inc. $WWW

BlackRock Inc. acquired a new position in Wolverine World Wide, Inc. (NYSE:WWW) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 12,394,285 shares of the textile maker’s stock, valued at approximately $204,878,000. BlackRock Inc. owned 0.15% of Wolverine World Wide at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WWW. Vanguard Group Inc. grew its stake in shares of Wolverine World Wide by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after acquiring an additional 353,808 shares during the period. Callodine Capital Management LP raised its stake in Wolverine World Wide by 27.8% during the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock valued at $73,524,000 after purchasing an additional 980,839 shares during the period. State Street Corp increased its holdings in shares of Wolverine World Wide by 2.1% in the fourth quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after purchasing an additional 63,041 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Wolverine World Wide by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock worth $36,419,000 after buying an additional 59,304 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Wolverine World Wide by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,889,235 shares of the textile maker’s stock valued at $34,296,000 after buying an additional 10,423 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.

Wolverine World Wide Trading Down 1.6%

Shares of Wolverine World Wide stock opened at $19.78 on Friday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 15.33 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. The company has a fifty day simple moving average of $18.65 and a 200-day simple moving average of $17.57. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The business had revenue of $506.40 million during the quarter, compared to analysts’ expectations of $500.74 million. During the same period in the prior year, the company earned $0.32 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. On average, equities analysts forecast that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, October 1st. Wolverine World Wide’s dividend payout ratio (DPR) is 31.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WWW. Robert W. Baird boosted their price objective on shares of Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. KeyCorp restated an “overweight” rating and set a $25.00 target price on shares of Wolverine World Wide in a research report on Thursday, August 13th. Needham & Company LLC increased their target price on Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 13th. UBS Group raised their target price on shares of Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $30.00 price target on shares of Wolverine World Wide in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.11.

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.