Vanguard Group Inc. Has $163.15 Million Holdings in Wolverine World Wide, Inc. $WWW

Vanguard Group Inc. grew its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 4.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,988,758 shares of the textile maker’s stock after buying an additional 353,808 shares during the quarter. Vanguard Group Inc. owned 0.11% of Wolverine World Wide worth $163,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in shares of Wolverine World Wide in the 2nd quarter valued at about $34,000. Covestor Ltd raised its stake in shares of Wolverine World Wide by 16,025.0% in the 3rd quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 1,282 shares during the period. Aster Capital Management DIFC Ltd raised its stake in shares of Wolverine World Wide by 1,605.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock valued at $73,000 after purchasing an additional 2,505 shares during the period. AlphaQuest LLC raised its stake in shares of Wolverine World Wide by 370.0% in the 3rd quarter. AlphaQuest LLC now owns 3,257 shares of the textile maker’s stock valued at $89,000 after purchasing an additional 2,564 shares during the period. Finally, Caitlin John LLC acquired a new stake in shares of Wolverine World Wide in the 3rd quarter valued at about $92,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

NYSE:WWW opened at $16.72 on Monday. 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’s 50-day simple moving average is $16.99 and its 200 day simple moving average is $17.98. The company has a market cap of $1.37 billion, a P/E ratio of 14.79 and a beta of 1.75. Wolverine World Wide, Inc. has a 52-week low of $13.47 and a 52-week high of $32.80.

Wolverine World Wide (NYSE:WWW) last released its earnings results 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. The business had revenue of $517.50 million for the quarter, compared to the consensus estimate of $510.49 million. Wolverine World Wide had a return on equity of 29.84% and a net margin of 5.06%.Wolverine World Wide’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. As a group, sell-side analysts forecast that Wolverine World Wide, Inc. will post 1.46 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. Wolverine World Wide’s payout ratio is currently 35.40%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WWW shares. Telsey Advisory Group lifted their price target on Wolverine World Wide from $18.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, February 27th. KeyCorp lifted their price target on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Robert W. Baird lifted their price target on Wolverine World Wide from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Argus reissued a “hold” rating on shares of Wolverine World Wide in a research note on Friday, January 23rd. Finally, BNP Paribas Exane downgraded Wolverine World Wide from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $38.00 to $19.00 in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Wolverine World Wide currently has a consensus rating of “Hold” and an average target price of $22.33.

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.