Wolverine World Wide, Inc. $WWW Holdings Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in Wolverine World Wide, Inc. (NYSE:WWW) by 28.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,971 shares of the textile maker’s stock after acquiring an additional 42,947 shares during the period. Russell Investments Group Ltd. owned about 0.24% of Wolverine World Wide worth $3,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of WWW. Maryland State Retirement & Pension System lifted its position in shares of Wolverine World Wide by 1.9% in the second quarter. Maryland State Retirement & Pension System now owns 23,818 shares of the textile maker’s stock worth $431,000 after purchasing an additional 453 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Wolverine World Wide by 5.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,300 shares of the textile maker’s stock worth $222,000 after buying an additional 595 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Wolverine World Wide by 1.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 58,586 shares of the textile maker’s stock valued at $1,059,000 after buying an additional 599 shares during the period. Sheets Smith Wealth Management grew its holdings in shares of Wolverine World Wide by 5.1% during the 2nd quarter. Sheets Smith Wealth Management now owns 13,032 shares of the textile maker’s stock valued at $236,000 after acquiring an additional 628 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Wolverine World Wide by 10.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,132 shares of the textile maker’s stock valued at $127,000 after acquiring an additional 863 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Activity

In other Wolverine World Wide news, Director Nicholas T. Long acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $15.88 per share, with a total value of $31,760.00. Following the transaction, the director owned 78,268 shares of the company’s stock, valued at approximately $1,242,895.84. This trade represents a 2.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amy M. Klimek sold 11,528 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $22.32, for a total value of $257,304.96. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought 33,250 shares of company stock worth $524,573 in the last 90 days. Insiders own 2.28% of the company’s stock.

Wolverine World Wide Stock Up 0.7%

Shares of WWW stock opened at $17.38 on Monday. The stock’s 50 day simple moving average is $21.12 and its 200 day simple moving average is $22.73. Wolverine World Wide, Inc. has a twelve month low of $9.58 and a twelve month high of $32.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.79 and a current ratio of 1.34. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 16.72 and a beta of 1.94.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Wolverine World Wide had a return on equity of 31.43% and a net margin of 4.73%.The company had revenue of $470.30 million for the quarter, compared to the consensus estimate of $461.46 million. During the same quarter last year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2025 guidance at 1.290-1.340 EPS. As a group, research analysts predict that Wolverine World Wide, Inc. will post 1.23 EPS for the current year.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, January 2nd. Wolverine World Wide’s dividend payout ratio (DPR) is 38.46%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WWW. KeyCorp reduced their price objective on Wolverine World Wide from $32.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Wolverine World Wide in a report on Monday, December 1st. Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 price target (down previously from $29.00) on shares of Wolverine World Wide in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Wolverine World Wide from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Stifel Nicolaus set a $25.00 target price on shares of Wolverine World Wide in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.29.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.