Louisiana State Employees Retirement System Makes New Investment in Wolverine World Wide, Inc. $WWW

Louisiana State Employees Retirement System acquired a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the first quarter, according to its most recent filing with the SEC. The firm acquired 36,400 shares of the textile maker’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Oxbow Capital Management HK Ltd acquired a new position in shares of Wolverine World Wide during the third quarter valued at $54,431,000. Alua Capital Management LP acquired a new stake in Wolverine World Wide in the third quarter worth about $33,231,000. Massachusetts Financial Services Co. MA bought a new stake in Wolverine World Wide during the 4th quarter worth about $21,687,000. Millennium Management LLC raised its holdings in Wolverine World Wide by 1,740.2% during the 4th quarter. Millennium Management LLC now owns 1,204,127 shares of the textile maker’s stock worth $21,855,000 after purchasing an additional 1,138,691 shares during the last quarter. Finally, Callodine Capital Management LP lifted its position in Wolverine World Wide by 30.5% during the 4th quarter. Callodine Capital Management LP now owns 3,524,326 shares of the textile maker’s stock valued at $63,967,000 after purchasing an additional 822,966 shares during the period. 90.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 value of $87,340.00. Following the completion of the sale, the director owned 54,202 shares in the company, valued at $860,727.76. This represents a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

WWW has been the topic of several recent research reports. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Needham & Company LLC started coverage on shares of Wolverine World Wide in a report on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. Weiss Ratings raised shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Robert W. Baird lowered their target price on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, Telsey Advisory Group dropped their target price on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Wolverine World Wide currently has a consensus rating of “Hold” and an average target price of $21.75.

Wolverine World Wide Stock Performance

Shares of WWW stock opened at $17.20 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89. The stock has a market cap of $1.41 billion, a PE ratio of 13.87 and a beta of 1.75. The stock has a 50-day moving average of $16.76 and a 200-day moving average of $17.31. Wolverine World Wide, Inc. has a one year low of $13.47 and a one year high of $32.80.

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

Wolverine World Wide Announces Dividend

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

About Wolverine World Wide

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.