Evolve Private Wealth LLC Purchases New Position in Wolverine World Wide, Inc. $WWW

Evolve Private Wealth LLC purchased a new stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 42,750 shares of the textile maker’s stock, valued at approximately $707,000.

Other large investors have also added to or reduced their stakes in the company. Clearstead Advisors LLC raised its holdings in shares of Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after acquiring an additional 1,053 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Wolverine World Wide during the 2nd quarter valued at approximately $34,000. Canada Pension Plan Investment Board purchased a new position in shares of Wolverine World Wide in the second quarter valued at $34,000. Quadrant Capital Group LLC grew its holdings in shares of Wolverine World Wide by 68.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,232 shares in the last quarter. Finally, State of Wyoming bought a new stake in Wolverine World Wide in the second quarter worth $68,000. Institutional investors own 90.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Stifel Nicolaus lifted their price objective on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. UBS Group boosted their target price on shares of Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Seaport Research Partners restated a “buy” rating and set a $30.00 target price on shares of Wolverine World Wide in a research report on Friday, August 14th. Finally, Weiss Ratings raised shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.11.

Wolverine World Wide Stock Performance

NYSE WWW opened at $20.89 on Tuesday. The company has a market cap of $1.71 billion, a P/E ratio of 16.19 and a beta of 1.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. The business’s 50 day moving average price is $18.48 and its 200-day moving average price is $17.54. Wolverine World Wide, Inc. has a fifty-two week low of $13.47 and a fifty-two week high of $32.80.

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

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st. Wolverine World Wide’s dividend payout ratio is 31.01%.

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.