Summit Global Investments acquired a new position in Wolverine World Wide, Inc. (NYSE:WWW – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 51,182 shares of the textile maker’s stock, valued at approximately $978,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Wolverine World Wide during the second quarter valued at $33,000. Global Retirement Partners LLC bought a new position in shares of Wolverine World Wide in the 2nd quarter worth about $34,000. Sterling Capital Management LLC lifted its position in shares of Wolverine World Wide by 345.4% in the 3rd quarter. Sterling Capital Management LLC now owns 2,539 shares of the textile maker’s stock worth $49,000 after buying an additional 1,969 shares during the last quarter. Caitlin John LLC acquired a new position in shares of Wolverine World Wide in the 2nd quarter valued at about $56,000. Finally, State of Wyoming acquired a new position in shares of Wolverine World Wide in the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 90.25% of the company’s stock.
Wolverine World Wide Trading Down 0.2%
Shares of NYSE:WWW opened at $20.75 on Monday. The company has a market cap of $1.70 billion, a PE ratio of 16.09, a P/E/G ratio of 1.41 and a beta of 1.66. The company’s 50-day moving average price is $19.66 and its 200 day moving average price is $18.10. Wolverine World Wide, Inc. has a fifty-two week low of $13.47 and a fifty-two week high of $23.15. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17.
Wolverine World Wide (NYSE:WWW – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $506.40 million for 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%. Wolverine World Wide’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Sell-side analysts anticipate that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on WWW shares. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Stifel Nicolaus upped their target price on Wolverine World Wide from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 14th. Seaport Research Partners reiterated a “buy” rating and set a $30.00 price target on shares of Wolverine World Wide in a research report on Friday, August 14th. Needham & Company LLC raised their price target on Wolverine World Wide from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Zacks Research upgraded Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.11.
Read Our Latest Stock Analysis on Wolverine World Wide
Wolverine World Wide Profile
Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company’s portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.
Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.
Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.
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