Bessemer Group Inc. Decreases Stock Holdings in Wolverine World Wide, Inc. $WWW

Bessemer Group Inc. decreased its stake in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 42.8% during the first quarter, Holdings Channel reports. The firm owned 101,626 shares of the textile maker’s stock after selling 75,963 shares during the quarter. Bessemer Group Inc.’s holdings in Wolverine World Wide were worth $1,659,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its position in Wolverine World Wide by 191.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock worth $29,000 after purchasing an additional 1,053 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Wolverine World Wide during the 2nd quarter valued at $34,000. Global Retirement Partners LLC lifted its holdings in shares of Wolverine World Wide by 2,134.9% during the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock valued at $52,000 after buying an additional 2,754 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Wolverine World Wide by 68.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock worth $55,000 after buying an additional 1,232 shares during the last quarter. Finally, Archer Investment Corp purchased a new position in shares of Wolverine World Wide in the 1st quarter worth $95,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WWW. Robert W. Baird cut their price objective on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Telsey Advisory Group cut their price target on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. Needham & Company LLC began coverage on shares of Wolverine World Wide in a research report on Thursday, March 26th. They set a “buy” rating and a $21.00 price target for the company. 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. Finally, Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.75.

Wolverine World Wide Trading Up 5.1%

Shares of NYSE:WWW opened at $19.63 on Thursday. The stock has a 50 day moving average of $17.08 and a 200 day moving average of $17.32. The company has a market cap of $1.61 billion, a PE ratio of 15.83 and a beta of 1.75. Wolverine World Wide, Inc. has a 12-month low of $13.47 and a 12-month high of $32.80. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $457.60 million for 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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, equities research analysts expect that Wolverine World Wide, Inc. will post 1.56 EPS for the current year.

Wolverine World Wide Announces Dividend

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 paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.0%. Wolverine World Wide’s payout ratio is 32.26%.

Insiders Place Their Bets

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 transaction, the director owned 54,202 shares of the company’s stock, valued at approximately $860,727.76. This represents a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

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.