Wolverine World Wide, Inc. $WWW Shares Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC grew its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 6.6% during the first quarter, HoldingsChannel reports. The firm owned 599,577 shares of the textile maker’s stock after acquiring an additional 37,000 shares during the period. Manning & Napier Advisors LLC’s holdings in Wolverine World Wide were worth $9,785,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in shares of Wolverine World Wide by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock valued at $1,074,000 after purchasing an additional 782 shares in the last quarter. Clearstead Advisors LLC lifted its position in Wolverine World Wide by 191.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after buying an additional 1,053 shares in the last quarter. LPL Financial LLC lifted its position in Wolverine World Wide by 8.0% during the fourth quarter. LPL Financial LLC now owns 16,346 shares of the textile maker’s stock worth $297,000 after buying an additional 1,217 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Wolverine World Wide by 68.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after buying an additional 1,232 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Wolverine World Wide by 2.1% in the 2nd quarter. Raymond James Financial Inc. now owns 67,595 shares of the textile maker’s stock valued at $1,222,000 after buying an additional 1,395 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Trading Up 2.1%

NYSE:WWW traded up $0.37 on Friday, reaching $17.73. The company’s stock had a trading volume of 857,648 shares, compared to its average volume of 865,860. Wolverine World Wide, Inc. has a 12-month low of $13.47 and a 12-month high of $32.80. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 14.30 and a beta of 1.75. The stock has a 50 day moving average price of $16.76 and a 200 day moving average price of $17.29.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results 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. The business had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, equities analysts anticipate that Wolverine World Wide, Inc. will post 1.56 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.3%. Wolverine World Wide’s payout ratio is presently 32.26%.

Wall Street Analyst Weigh In

WWW has been the subject of a number of recent research reports. Robert W. Baird cut their target price 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. Needham & Company LLC initiated coverage on shares of Wolverine World Wide in a research report on Thursday, March 26th. They set a “buy” rating and a $21.00 price target on the stock. Zacks Research raised shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Finally, Telsey Advisory Group reduced their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.75.

Insider Buying and Selling

In other Wolverine World Wide 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 directly owned 54,202 shares in the company, valued at $860,727.76. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by company 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.