Jennison Associates LLC Sells 31,864 Shares of Wolverine World Wide, Inc. $WWW

Jennison Associates LLC lessened its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 903,801 shares of the textile maker’s stock after selling 31,864 shares during the period. Jennison Associates LLC owned 1.10% of Wolverine World Wide worth $16,404,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Covestor Ltd grew its holdings in shares of Wolverine World Wide by 16,025.0% during 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 during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Wolverine World Wide during the second quarter worth $34,000. Aster Capital Management DIFC Ltd grew its holdings in shares of Wolverine World Wide by 1,605.8% during 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 during the last quarter. AlphaQuest LLC lifted its stake in shares of Wolverine World Wide by 370.0% during the third quarter. AlphaQuest LLC now owns 3,257 shares of the textile maker’s stock valued at $89,000 after acquiring an additional 2,564 shares during the period. Finally, Caitlin John LLC acquired a new position in shares of Wolverine World Wide during the third quarter valued at $92,000. Institutional investors own 90.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WWW. BNP Paribas Exane lowered Wolverine World Wide from an “outperform” rating to a “neutral” rating and cut their price target for the company from $38.00 to $19.00 in a research note on Thursday, January 22nd. Wall Street Zen lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Piper Sandler lowered Wolverine World Wide from an “overweight” rating to a “neutral” rating and cut their price target for the company from $22.00 to $16.00 in a research note on Wednesday, January 7th. Robert W. Baird upped their price target on Wolverine World Wide from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, Telsey Advisory Group upped their price target on Wolverine World Wide from $18.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.33.

Wolverine World Wide Trading Up 1.9%

NYSE:WWW opened at $17.34 on Friday. Wolverine World Wide, Inc. has a 1-year low of $13.32 and a 1-year high of $32.80. The business’s 50-day moving average price is $17.03 and its two-hundred day moving average price is $18.22. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 15.34 and a beta of 1.75.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, beating 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 firm had revenue of $517.50 million for the quarter, compared to analyst estimates of $510.49 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. On average, equities analysts expect that Wolverine World Wide, Inc. will post 1.46 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, April 1st. Wolverine World Wide’s dividend payout ratio is 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.