Rockefeller Capital Management L.P. Decreases Stake in Wolverine World Wide, Inc. $WWW

Rockefeller Capital Management L.P. reduced its position in Wolverine World Wide, Inc. (NYSE:WWW) by 97.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,747 shares of the textile maker’s stock after selling 154,036 shares during the period. Rockefeller Capital Management L.P.’s holdings in Wolverine World Wide were worth $86,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Clearstead Advisors LLC boosted its position in Wolverine World Wide by 191.8% during the fourth 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 purchased a new stake in shares of Wolverine World Wide during the 2nd quarter valued at approximately $34,000. Global Retirement Partners LLC boosted its holdings in Wolverine World Wide by 2,134.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after buying an additional 2,754 shares during the period. Quadrant Capital Group LLC grew its stake in 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 valued at $55,000 after buying an additional 1,232 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Wolverine World Wide by 13,834.3% during the 3rd quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock valued at $134,000 after acquiring an additional 4,842 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.

Wolverine World Wide Price Performance

WWW opened at $17.73 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53. The stock has a market capitalization of $1.45 billion, a PE ratio of 14.30 and a beta of 1.75. The stock’s 50 day moving average price is $16.76 and its 200-day moving average price is $17.29. Wolverine World Wide, Inc. has a 52-week low of $13.47 and a 52-week high of $32.80.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 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 analyst estimates of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. On average, equities research analysts predict that Wolverine World Wide, Inc. will post 1.56 EPS for the current year.

Wolverine World Wide Dividend Announcement

The firm also recently disclosed 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 of this dividend is Wednesday, July 1st. This represents a $0.40 annualized dividend and a yield of 2.3%. Wolverine World Wide’s payout ratio is presently 32.26%.

Insider Buying and Selling at Wolverine World Wide

In other news, Director Brenda J. Lauderback sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value of $87,340.00. Following the sale, the director directly owned 54,202 shares of the company’s stock, valued at $860,727.76. The trade was a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on WWW. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings raised Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Zacks Research upgraded shares of Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Robert W. Baird reduced their target price on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, Needham & Company LLC initiated coverage on Wolverine World Wide in a research report on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective for the company. 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, the company currently has an average 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.