Manning & Napier Advisors LLC Takes $11.57 Million Position in Wolverine World Wide, Inc. $WWW

Manning & Napier Advisors LLC purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the second quarter, Holdings Channel reports. The firm purchased 700,000 shares of the textile maker’s stock, valued at approximately $11,571,000.

Several other hedge funds have also recently bought and sold shares of WWW. Clearstead Advisors LLC lifted its holdings in shares of Wolverine World Wide by 191.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 1,053 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Wolverine World Wide in the 2nd quarter worth about $34,000. Global Retirement Partners LLC acquired a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $34,000. Quadrant Capital Group LLC lifted its holdings in Wolverine World Wide by 68.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,232 shares during the last quarter. Finally, State of Wyoming acquired a new position in Wolverine World Wide in the second quarter valued at about $68,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Wolverine World Wide Stock Performance

WWW stock opened at $20.89 on Tuesday. The company has a 50 day moving average price of $18.48 and a 200 day moving average price of $17.54. Wolverine World Wide, Inc. has a fifty-two week low of $13.47 and a fifty-two week high of $32.80. 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 $1.71 billion, a PE ratio of 16.19 and a beta of 1.73.

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

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st will be given 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 1.9%. Wolverine World Wide’s payout ratio is currently 31.01%.

Analyst Ratings Changes

WWW has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. UBS Group increased their price target on Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Weiss Ratings raised Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Needham & Company LLC lifted their price objective on Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Williams Trading set a $20.00 price target on Wolverine World Wide in a report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.11.

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.