Intech Investment Management LLC Decreases Position in Wolverine World Wide, Inc. $WWW

Intech Investment Management LLC lowered its position in Wolverine World Wide, Inc. (NYSE:WWW) by 45.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 107,111 shares of the textile maker’s stock after selling 88,087 shares during the period. Intech Investment Management LLC’s holdings in Wolverine World Wide were worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alua Capital Management LP purchased a new stake in Wolverine World Wide in the third quarter valued at approximately $33,231,000. M&G PLC purchased a new stake in Wolverine World Wide in the third quarter valued at approximately $10,618,000. Vanguard Group Inc. lifted its stake in 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 valued at $163,146,000 after buying an additional 353,808 shares during the last quarter. Portolan Capital Management LLC purchased a new stake in Wolverine World Wide in the third quarter valued at approximately $21,859,000. Finally, Jupiter Asset Management Ltd. lifted its stake in Wolverine World Wide by 131.6% in the third quarter. Jupiter Asset Management Ltd. now owns 563,255 shares of the textile maker’s stock valued at $15,456,000 after buying an additional 320,043 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director Brenda J. Lauderback sold 5,500 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the transaction, the director owned 54,202 shares of the company’s stock, valued at $860,727.76. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WWW shares. Zacks Research upgraded Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wolverine World Wide in a research note on Friday, May 29th. Telsey Advisory Group reduced their price objective on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. Finally, Robert W. Baird reduced their price objective on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Wolverine World Wide presently has an average rating of “Hold” and an average target price of $21.75.

Wolverine World Wide Trading Down 5.8%

Shares of WWW stock opened at $15.97 on Thursday. The business’s fifty day moving average price is $16.75 and its 200 day moving average price is $17.27. Wolverine World Wide, Inc. has a 1-year low of $13.47 and a 1-year high of $32.80. The firm has a market capitalization of $1.31 billion, a PE ratio of 12.88 and a beta of 1.73. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The firm had revenue of $457.60 million for the quarter, compared to analyst estimates of $448.44 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. Wolverine World Wide’s quarterly revenue was up 11.0% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, sell-side analysts forecast that Wolverine World Wide, Inc. will post 1.54 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be issued 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, July 1st. Wolverine World Wide’s dividend payout ratio is currently 32.26%.

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.