New York State Teachers Retirement System decreased its position in Wolverine World Wide, Inc. (NYSE:WWW – Free Report) by 31.5% during the 1st quarter, Holdings Channel reports. The firm owned 69,025 shares of the textile maker’s stock after selling 31,779 shares during the period. New York State Teachers Retirement System’s holdings in Wolverine World Wide were worth $1,126,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in WWW. Clearstead Advisors LLC raised its holdings in Wolverine World Wide by 191.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after buying an additional 1,053 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Wolverine World Wide in the 2nd quarter worth $34,000. Global Retirement Partners LLC grew its holdings in Wolverine World Wide by 2,134.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after acquiring an additional 2,754 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Wolverine World Wide by 68.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock valued at $55,000 after acquiring an additional 1,232 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Wolverine World Wide by 13,834.3% in the third quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock valued at $134,000 after acquiring an additional 4,842 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total transaction of $87,340.00. Following the completion of the transaction, the director owned 54,202 shares of the company’s stock, valued at approximately $860,727.76. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Research Report on WWW
Wolverine World Wide Stock Up 0.1%
WWW stock opened at $17.73 on Monday. Wolverine World Wide, Inc. has a fifty-two week low of $13.47 and a fifty-two week high of $32.80. The business’s 50 day moving average price is $16.76 and its two-hundred day moving average price is $17.29. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 14.30 and a beta of 1.75.
Wolverine World Wide (NYSE:WWW – Get Free Report) last released its earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, beating 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 company had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $448.44 million. During the same quarter last year, the business posted $0.18 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, analysts forecast that Wolverine World Wide, Inc. will post 1.56 earnings per share for the current fiscal year.
Wolverine World Wide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.3%. Wolverine World Wide’s dividend payout ratio (DPR) is currently 32.26%.
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.
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