Louisiana State Employees Retirement System Acquires New Holdings in Wolverine World Wide, Inc. $WWW

Louisiana State Employees Retirement System bought a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) in the first quarter, HoldingsChannel reports. The firm bought 36,400 shares of the textile maker’s stock, valued at approximately $594,000.

Several other hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Wolverine World Wide by 295.7% in the first quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock valued at $460,000 after buying an additional 24,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Wolverine World Wide by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock worth $660,000 after acquiring an additional 2,321 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Wolverine World Wide by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock worth $20,929,000 after acquiring an additional 537,854 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Wolverine World Wide by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock valued at $3,167,000 after acquiring an additional 26,870 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Wolverine World Wide by 4.8% in the 2nd quarter. Invesco Ltd. now owns 997,217 shares of the textile maker’s stock worth $18,030,000 after purchasing an additional 45,982 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WWW has been the subject of a number of research reports. Needham & Company LLC started coverage on Wolverine World Wide in a report on Thursday, March 26th. They set a “buy” rating and a $21.00 target price for the company. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Robert W. Baird decreased their price objective on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, Telsey Advisory Group dropped their target price on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.75.

Wolverine World Wide Trading Up 1.2%

NYSE WWW opened at $17.20 on Wednesday. The company has a market cap of $1.41 billion, a PE ratio of 13.87 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 stock has a 50 day moving average of $16.76 and a 200-day moving average of $17.31. 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 posted its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The business had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $448.44 million. During the same quarter last year, the company posted $0.18 earnings per share. Wolverine World Wide’s quarterly revenue was up 11.0% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, equities research analysts anticipate that Wolverine World Wide, Inc. will post 1.56 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

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

Insider Buying and Selling

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $15.88, for a total value of $87,340.00. Following the completion of the sale, the director owned 54,202 shares of the company’s stock, valued at $860,727.76. The trade was a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

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.