New York State Teachers Retirement System Reduces Stake in Wolverine World Wide, Inc. $WWW

New York State Teachers Retirement System reduced its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 31.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. 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 owned about 0.08% of Wolverine World Wide worth $1,126,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WWW. Royal Bank of Canada grew its holdings in Wolverine World Wide by 295.7% during the first quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock valued at $460,000 after purchasing an additional 24,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Wolverine World Wide by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock valued at $660,000 after buying an additional 2,321 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Wolverine World Wide by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock valued at $20,929,000 after buying an additional 537,854 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Wolverine World Wide by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock valued at $3,167,000 after buying an additional 26,870 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Wolverine World Wide by 4.8% during the 2nd quarter. Invesco Ltd. now owns 997,217 shares of the textile maker’s stock valued at $18,030,000 after buying an additional 45,982 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Transactions at Wolverine World Wide

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $15.88, for a total transaction of $87,340.00. Following the transaction, the director directly owned 54,202 shares in the company, valued at $860,727.76. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Wolverine World Wide Trading Up 0.1%

Shares of Wolverine World Wide stock opened at $17.73 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89. Wolverine World Wide, Inc. has a 1 year low of $13.47 and a 1 year high of $32.80. The firm has a market cap of $1.45 billion, a PE ratio of 14.30 and a beta of 1.75. The company has a 50 day simple moving average of $16.76 and a two-hundred day simple moving average of $17.29.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $457.60 million during the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Analysts expect that Wolverine World Wide, Inc. will post 1.56 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.3%. Wolverine World Wide’s payout ratio is presently 32.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 began coverage on shares of Wolverine World Wide in a research note on Thursday, March 26th. They set a “buy” rating and a $21.00 price target on the stock. Zacks Research upgraded shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Telsey Advisory Group lowered their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Finally, Robert W. Baird dropped their target price on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.75.

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.