Wellington Management Group LLP Has $74.85 Million Position in Wolverine World Wide, Inc. $WWW

Wellington Management Group LLP lifted its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,528,278 shares of the textile maker’s stock after acquiring an additional 146,791 shares during the period. Wellington Management Group LLP owned approximately 5.52% of Wolverine World Wide worth $74,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Wolverine World Wide during the 2nd quarter valued at about $204,878,000. Vanguard Group Inc. raised its stake in shares of Wolverine World Wide by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock worth $163,146,000 after purchasing an additional 353,808 shares during the last quarter. Callodine Capital Management LP raised its stake in shares of Wolverine World Wide by 27.8% in the first quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock worth $73,524,000 after purchasing an additional 980,839 shares during the last quarter. State Street Corp lifted its holdings in shares of Wolverine World Wide by 2.1% in the fourth quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock valued at $56,271,000 after purchasing an additional 63,041 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Wolverine World Wide by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock valued at $36,419,000 after buying an additional 59,304 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Trading Down 0.1%

NYSE WWW opened at $19.32 on Thursday. The business’s fifty day moving average is $18.84 and its 200-day moving average is $17.62. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.55 and a quick ratio of 0.98. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.31 and a beta of 1.72. Wolverine World Wide, Inc. has a one year low of $13.47 and a one year high of $32.80.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $506.40 million during the quarter, compared to analyst estimates of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Equities research analysts predict that Wolverine World Wide, Inc. will post 1.64 EPS for the current year.

Wolverine World Wide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 31.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WWW. Telsey Advisory Group reissued a “market perform” rating and issued a $21.00 price target on shares of Wolverine World Wide in a research report on Friday, August 14th. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. KeyCorp reiterated an “overweight” rating and issued a $25.00 target price on shares of Wolverine World Wide in a report on Thursday, August 13th. Robert W. Baird raised their price target on shares of Wolverine World Wide from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Zacks Research downgraded shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.11.

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.