100,210 Shares in Wolverine World Wide, Inc. $WWW Purchased by Deutsche Bank AG

Deutsche Bank AG bought a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 100,210 shares of the textile maker’s stock, valued at approximately $1,656,000.

Other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of Wolverine World Wide in the second quarter valued at $34,000. Bank of New York Mellon Corp acquired a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $13,557,000. State of Wyoming bought a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $68,000. GSA Capital Partners LLP acquired a new position in Wolverine World Wide in the 2nd quarter valued at about $653,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Wolverine World Wide in the 2nd quarter valued at about $1,431,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Seaport Research Partners reaffirmed a “buy” rating and issued a $30.00 target price on shares of Wolverine World Wide in a research report on Friday, August 14th. Robert W. Baird increased their target price on Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Stifel Nicolaus lifted their price target on Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.11.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $20.38 on Friday. The firm has a 50 day moving average of $18.71 and a 200-day moving average of $17.59. Wolverine World Wide, Inc. has a 12 month low of $13.47 and a 12 month high of $32.80. 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 stock has a market capitalization of $1.67 billion, a PE ratio of 15.80 and a beta of 1.73.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The business had revenue of $506.40 million for the quarter, compared to analysts’ expectations of $500.74 million. During the same period last year, the firm posted $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. On average, equities research analysts predict that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.0%. Wolverine World Wide’s payout ratio is 31.01%.

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.