30,512 Shares in Wolverine World Wide, Inc. $WWW Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,512 shares of the textile maker’s stock, valued at approximately $837,000.

Several other large investors have also bought and sold shares of the stock. Hennessy Advisors Inc. bought a new stake in shares of Wolverine World Wide in the 3rd quarter worth $36,556,000. Callodine Capital Management LP boosted its holdings in Wolverine World Wide by 41.0% during the second quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock worth $77,700,000 after purchasing an additional 1,250,515 shares during the last quarter. Cooper Creek Partners Management LLC bought a new stake in Wolverine World Wide in the 2nd quarter worth about $10,442,000. Goldman Sachs Group Inc. increased its stake in Wolverine World Wide by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock valued at $20,929,000 after buying an additional 537,854 shares during the last quarter. Finally, WCM Investment Management LLC lifted its position in shares of Wolverine World Wide by 78.2% during the 3rd quarter. WCM Investment Management LLC now owns 1,008,395 shares of the textile maker’s stock worth $27,499,000 after buying an additional 442,649 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Stock Performance

Shares of WWW opened at $16.74 on Tuesday. Wolverine World Wide, Inc. has a 52-week low of $9.58 and a 52-week high of $32.80. The stock’s 50-day simple moving average is $18.11 and its 200 day simple moving average is $21.47. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.87 and a current ratio of 1.40. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.82 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Wolverine World Wide had a return on equity of 29.84% and a net margin of 5.06%.The business had revenue of $517.50 million during the quarter, compared to analyst estimates of $510.49 million. During the same quarter in the previous year, the firm earned $0.40 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. Research analysts forecast that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.40 annualized dividend and a yield of 2.4%. Wolverine World Wide’s payout ratio is currently 35.40%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WWW shares. KeyCorp upped their target price on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 27th. BNP Paribas Exane cut Wolverine World Wide from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $38.00 to $19.00 in a research report on Thursday, January 22nd. UBS Group decreased their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Robert W. Baird lifted their target price on Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Argus reissued a “hold” rating on shares of Wolverine World Wide in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.50.

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.