Aristeia Capital L.L.C. Makes New Investment in Wolverine World Wide, Inc. $WWW

Aristeia Capital L.L.C. purchased a new position in Wolverine World Wide, Inc. (NYSE:WWW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,389 shares of the textile maker’s stock, valued at approximately $842,000. Aristeia Capital L.L.C. owned about 0.06% of Wolverine World Wide as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Clearstead Advisors LLC raised its position 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 purchasing an additional 1,053 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Wolverine World Wide in the second quarter valued at about $34,000. Global Retirement Partners LLC grew its stake in Wolverine World Wide by 2,134.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 2,754 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in 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 worth $55,000 after purchasing an additional 1,232 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its holdings in Wolverine World Wide by 1,605.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,661 shares of the textile maker’s stock worth $73,000 after purchasing an additional 2,505 shares in the last quarter. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WWW has been the topic of several analyst reports. Telsey Advisory Group cut their price target 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. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. KeyCorp increased their price objective on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, Zacks Research upgraded shares of Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wolverine World Wide currently has an average rating of “Hold” and an average price target of $21.75.

Insiders Place Their Bets

In other Wolverine World Wide news, Director Brenda J. Lauderback sold 5,500 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 54,202 shares in the company, valued at approximately $860,727.76. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Wolverine World Wide Stock Down 6.0%

WWW opened at $16.68 on Thursday. The company has a fifty day moving average of $16.93 and a two-hundred day moving average of $17.39. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.45 and a beta of 1.73. 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 1.26, a quick ratio of 0.89 and a current ratio of 1.53.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The business had revenue of $457.60 million for the quarter, compared to analyst estimates of $448.44 million. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, research analysts expect that Wolverine World Wide, Inc. will post 1.54 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s payout ratio is presently 32.26%.

Wolverine World Wide 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.