UBS Group AG Sells 1,940,584 Shares of Wolverine World Wide, Inc. $WWW

UBS Group AG decreased its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 83.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 383,463 shares of the textile maker’s stock after selling 1,940,584 shares during the period. UBS Group AG’s holdings in Wolverine World Wide were worth $6,960,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Covestor Ltd increased its stake in shares of Wolverine World Wide by 16,025.0% in the third quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock worth $35,000 after purchasing an additional 1,282 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Wolverine World Wide in the second quarter worth about $34,000. Aster Capital Management DIFC Ltd increased its stake in shares of Wolverine World Wide by 1,605.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock worth $73,000 after purchasing an additional 2,505 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Wolverine World Wide by 370.0% in the third quarter. AlphaQuest LLC now owns 3,257 shares of the textile maker’s stock worth $89,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Caitlin John LLC purchased a new position in shares of Wolverine World Wide in the third quarter worth about $92,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WWW. Argus reiterated a “hold” rating on shares of Wolverine World Wide in a research note on Friday, January 23rd. Zacks Research upgraded shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. 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 for the company in a research note on Friday, May 15th. Needham & Company LLC began coverage on shares of Wolverine World Wide in a research note on Thursday, March 26th. They issued a “buy” rating and a $21.00 target price for the company. Finally, BNP Paribas Exane downgraded shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $19.00 in a research note on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.75.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $14.67 on Wednesday. The company has a 50 day moving average of $16.64 and a 200 day moving average of $17.39. The stock has a market cap of $1.20 billion, a P/E ratio of 11.83 and a beta of 1.75. Wolverine World Wide, Inc. has a 12 month low of $13.47 and a 12 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 quarterly earnings data on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $448.44 million. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. Wolverine World Wide’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, sell-side analysts forecast that Wolverine World Wide, Inc. will post 1.55 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.7%. Wolverine World Wide’s payout ratio is currently 32.26%.

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.