46,389 Shares in Wolverine World Wide, Inc. $WWW Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the fourth quarter, Holdings Channel.com reports. The firm bought 46,389 shares of the textile maker’s stock, valued at approximately $842,000.

Several other large investors have also recently made changes to their positions in WWW. Clearstead Advisors LLC lifted its stake in 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. Canada Pension Plan Investment Board acquired a new position in Wolverine World Wide during the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC increased its holdings in Wolverine World Wide by 2,134.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock valued at $52,000 after buying an additional 2,754 shares during the last quarter. Quadrant Capital Group LLC raised its position 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 acquiring an additional 1,232 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its holdings 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 buying an additional 2,505 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on WWW. Needham & Company LLC initiated coverage on Wolverine World Wide in a report on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective for the company. Zacks Research upgraded Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings upgraded shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Robert W. Baird dropped 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. Finally, KeyCorp lifted their target price on shares of Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Wolverine World Wide presently has an average rating of “Hold” and an average target price of $21.75.

Wolverine World Wide Stock Down 6.0%

WWW stock opened at $16.68 on Thursday. The firm has a 50 day simple moving average of $16.93 and a 200-day simple moving average of $17.39. The company has a market capitalization of $1.37 billion, a P/E ratio of 13.45 and a beta of 1.73. Wolverine World Wide, Inc. has a twelve month low of $13.47 and a twelve month high of $32.80. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate 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 company had revenue of $457.60 million during the quarter, compared to analyst estimates of $448.44 million. During the same quarter last year, the firm earned $0.18 EPS. The business’s 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. On average, equities research analysts predict that Wolverine World Wide, Inc. will post 1.54 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The firm 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. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is currently 32.26%.

Insider Buying and Selling at Wolverine World Wide

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

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.