The Manufacturers Life Insurance Company Makes New Investment in Wolverine World Wide, Inc. $WWW

The Manufacturers Life Insurance Company acquired a new position in Wolverine World Wide, Inc. (NYSE:WWW) in the second quarter, HoldingsChannel reports. The institutional investor acquired 34,480 shares of the textile maker’s stock, valued at approximately $570,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WWW. Clearstead Advisors LLC boosted its holdings 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 buying an additional 1,053 shares during the period. Global Retirement Partners LLC purchased a new stake in Wolverine World Wide in the 2nd quarter worth $34,000. Canada Pension Plan Investment Board bought a new stake in Wolverine World Wide during the second quarter valued at about $34,000. Quadrant Capital Group LLC lifted its position in shares of 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 valued at $55,000 after acquiring an additional 1,232 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Wolverine World Wide in the second quarter valued at about $68,000. 90.25% of the stock is currently owned by institutional investors.

Wolverine World Wide Price Performance

NYSE:WWW opened at $20.67 on Monday. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.70 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.41 and a beta of 1.72. Wolverine World Wide, Inc. has a 12 month low of $13.47 and a 12 month high of $32.80. The business’s 50-day moving average is $18.97 and its 200 day moving average is $17.66.

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

Wolverine World Wide Dividend Announcement

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

Analyst Upgrades and Downgrades

WWW has been the subject of several research analyst reports. KeyCorp reiterated an “overweight” rating and set a $25.00 target price on shares of Wolverine World Wide in a research report on Thursday, August 13th. Wall Street Zen raised Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Needham & Company LLC increased their price objective on shares of Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, 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. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $23.11.

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.