Portolan Capital Management LLC Acquires New Stake in Wolverine World Wide, Inc. $WWW

Portolan Capital Management LLC acquired a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 796,627 shares of the textile maker’s stock, valued at approximately $21,859,000. Wolverine World Wide makes up 1.2% of Portolan Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC boosted its stake 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 purchasing an additional 442,649 shares during the last quarter. SRS Investment Management LLC acquired a new position in shares of Wolverine World Wide in the second quarter valued at approximately $3,754,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Wolverine World Wide during the third quarter valued at approximately $4,143,000. M&G PLC purchased a new position in shares of Wolverine World Wide during the third quarter valued at approximately $10,618,000. Finally, Federated Hermes Inc. boosted its position in Wolverine World Wide by 23.6% during the second quarter. Federated Hermes Inc. now owns 942,642 shares of the textile maker’s stock worth $17,043,000 after acquiring an additional 180,184 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on WWW shares. Argus reaffirmed a “hold” rating on shares of Wolverine World Wide in a research note on Friday, January 23rd. KeyCorp increased their price target on Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Robert W. Baird raised their price objective on Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, UBS Group dropped their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.50.

Wolverine World Wide Trading Down 1.0%

NYSE:WWW opened at $15.97 on Friday. The business’s 50-day moving average is $17.96 and its two-hundred day moving average is $21.19. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.40 and a quick ratio of 0.87. Wolverine World Wide, Inc. has a 12 month low of $9.58 and a 12 month high of $32.80. The firm has a market capitalization of $1.30 billion, a PE ratio of 14.13 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $517.50 million during the quarter, compared to the consensus estimate of $510.49 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s 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 predict that Wolverine World Wide, Inc. will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio is currently 35.40%.

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.