Canada Pension Plan Investment Board Buys New Shares in Wolverine World Wide, Inc. $WWW

Canada Pension Plan Investment Board bought a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 50,700 shares of the textile maker’s stock, valued at approximately $838,000.

Other large investors have also recently bought and sold shares of the company. Clearstead Advisors LLC grew its stake in Wolverine World Wide by 191.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 1,053 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Wolverine World Wide during the 2nd quarter worth approximately $34,000. Quadrant Capital Group LLC raised its stake in shares of Wolverine World Wide by 68.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after purchasing an additional 1,232 shares in the last quarter. State of Wyoming acquired a new stake in shares of Wolverine World Wide in the 2nd quarter valued at approximately $68,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Wolverine World Wide by 13,834.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock valued at $134,000 after buying an additional 4,842 shares during the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

Wolverine World Wide Stock Performance

Shares of NYSE WWW opened at $19.73 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.62 billion, a P/E ratio of 15.29 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 stock has a 50 day moving average of $18.76 and a 200-day moving average of $17.60.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $506.40 million for the quarter, compared to analysts’ expectations of $500.74 million. During the same quarter in the prior year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, equities research analysts predict that Wolverine World Wide, Inc. will post 1.64 EPS for the current year.

Wolverine World Wide Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on WWW shares. Stifel Nicolaus boosted their target price on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Seaport Research Partners reiterated a “buy” rating and issued a $30.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th. Williams Trading set a $20.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, August 19th. 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. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $21.00 target price on shares of Wolverine World Wide in a report on Friday, August 14th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Wolverine World Wide presently has an average rating of “Hold” and an average price target of $23.11.

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.