Hennessy Advisors Inc. Sells 35,300 Shares of Wolverine World Wide, Inc. $WWW

Hennessy Advisors Inc. lowered its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,107,100 shares of the textile maker’s stock after selling 35,300 shares during the quarter. Hennessy Advisors Inc.’s holdings in Wolverine World Wide were worth $21,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WWW. Public Employees Retirement System of Ohio purchased a new position in shares of Wolverine World Wide in the 2nd quarter worth $33,000. Global Retirement Partners LLC purchased a new position in shares of Wolverine World Wide in the second quarter worth approximately $34,000. Sterling Capital Management LLC grew its position in shares of Wolverine World Wide by 345.4% during the 3rd quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 1,969 shares during the period. Caitlin John LLC purchased a new stake in Wolverine World Wide in the second quarter worth about $56,000. Finally, State of Wyoming bought a new position in shares of Wolverine World Wide in the second quarter worth approximately $68,000. Institutional investors own 90.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on WWW. UBS Group increased their target price on Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Needham & Company LLC raised their target price on shares of Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Seaport Research Partners reiterated a “buy” rating and set a $30.00 price objective on shares of Wolverine World Wide in a research report on Friday, August 14th. Finally, KeyCorp reissued an “overweight” rating and set a $25.00 price target on shares of Wolverine World Wide in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Wolverine World Wide presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.11.

Wolverine World Wide Price Performance

NYSE WWW opened at $20.75 on Monday. Wolverine World Wide, Inc. has a 52-week low of $13.47 and a 52-week high of $23.15. The firm’s 50 day moving average price is $19.66 and its 200-day moving average price is $18.10. The company has a market cap of $1.70 billion, a PE ratio of 16.09, a P/E/G ratio of 1.41 and a beta of 1.66. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The company had revenue of $506.40 million for the quarter, compared to analyst estimates of $500.74 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly 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. Sell-side analysts forecast that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.

About Wolverine World Wide

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company’s portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.