Wolverine World Wide, Inc. $WWW Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. reduced its position in Wolverine World Wide, Inc. (NYSE:WWW) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,107,100 shares of the textile maker’s stock after selling 35,300 shares during the quarter. Hennessy Advisors Inc. owned 1.35% of Wolverine World Wide worth $21,157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WWW. BlackRock Inc. bought a new stake in Wolverine World Wide in the 2nd quarter worth approximately $204,878,000. Wellington Management Group LLP grew its holdings in shares of Wolverine World Wide by 3.4% during the 2nd quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker’s stock valued at $74,852,000 after purchasing an additional 146,791 shares during the last quarter. Callodine Capital Management LP lifted its stake in Wolverine World Wide by 27.8% in the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after purchasing an additional 980,839 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Wolverine World Wide by 21.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,797,577 shares of the textile maker’s stock worth $29,333,000 after purchasing an additional 313,883 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Wolverine World Wide during the second quarter valued at about $13,557,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on WWW. Robert W. Baird increased their target price on Wolverine World Wide from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Needham & Company LLC upped their price target on shares of Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Seaport Research Partners restated a “buy” rating and issued a $30.00 price objective on shares of Wolverine World Wide in a research report on Friday, August 14th. Finally, Stifel Nicolaus upped their price objective on shares of Wolverine World Wide from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Wolverine World Wide currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.11.

Wolverine World Wide Stock Down 0.2%

Shares of NYSE:WWW opened at $20.75 on Monday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.41 and a beta of 1.66. 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 stock has a 50 day moving average price of $19.66 and a 200-day moving average price of $18.10. Wolverine World Wide, Inc. has a 52-week low of $13.47 and a 52-week high of $23.15.

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%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, equities research analysts anticipate that Wolverine World Wide, Inc. will post 1.64 EPS for the current fiscal year.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company’s portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.