86,599 Shares in Wolverine World Wide, Inc. $WWW Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new stake in Wolverine World Wide, Inc. (NYSE:WWW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 86,599 shares of the textile maker’s stock, valued at approximately $1,431,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC grew 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 acquiring an additional 1,138,691 shares in the last quarter. Callodine Capital Management LP increased its position in shares of Wolverine World Wide by 27.8% in the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock valued at $73,524,000 after purchasing an additional 980,839 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Wolverine World Wide by 521.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 970,763 shares of the textile maker’s stock valued at $17,619,000 after purchasing an additional 814,457 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Wolverine World Wide in the 3rd quarter valued at $19,200,000. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Wolverine World Wide by 106.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,164,314 shares of the textile maker’s stock valued at $21,132,000 after purchasing an additional 601,059 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Stock Performance

NYSE WWW opened at $21.09 on Monday. The company has a fifty day moving average of $18.13 and a two-hundred day moving average of $17.41. The company has a market capitalization of $1.73 billion, a PE ratio of 16.35 and a beta of 1.73. Wolverine World Wide, Inc. has a 1 year low of $13.47 and a 1 year high of $32.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.55 and a quick ratio of 0.98.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Thursday, August 13th. The textile maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The business had revenue of $506.40 million for the quarter, compared to analysts’ expectations of $500.74 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, analysts expect that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a yield of 1.9%. Wolverine World Wide’s payout ratio is 31.01%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zacks Research cut shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Wall Street Zen cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Stifel Nicolaus lifted their price target on Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday. Finally, Needham & Company LLC upped their price objective on Wolverine World Wide from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.50.

Wolverine World Wide News Roundup

Here are the key news stories impacting Wolverine World Wide this week:

• Positive Sentiment: Q2 results exceeded expectations. Wolverine reported adjusted earnings of $0.40 per share, above the $0.38 consensus estimate and up from $0.32 a year earlier. Revenue rose 6.8% year over year to $506.4 million, surpassing estimates of approximately $500.7 million. Wolverine World Wide Q2 earnings and revenues beat estimates
• Positive Sentiment: Full-year guidance was raised or reaffirmed at a favorable level. Wolverine now expects fiscal 2026 adjusted EPS of $1.55-$1.65 and revenue of roughly $1.98 billion-$2.0 billion. The earnings range is broadly consistent with, and at the upper end above, the prior analyst consensus of $1.56, reinforcing confidence in the company’s outlook. Wolverine World Wide raises fiscal 2026 outlook
• Positive Sentiment: Brand momentum is improving. Merrell and Saucony showed strong demand, helping Wolverine gain market momentum and supporting expectations for continued sales growth and margin expansion. Management also outlined plans to sustain global growth at both brands. Wolverine CEO discusses Merrell and Saucony growth
• Positive Sentiment: Analysts raised their valuation targets. Stifel Nicolaus lifted its target from $25 to $26 with a Buy rating, Robert W. Baird raised its target from $24 to $26 with an Outperform rating, and Needham increased its target from $21 to $24 with a Buy rating. The revisions suggest analysts see additional upside following the earnings beat. Analysts raise forecasts for Wolverine World Wide

Insider Buying and Selling

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

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.