Hennessy Advisors Inc. Cuts Stock Holdings in Wolverine World Wide, Inc. $WWW

Hennessy Advisors Inc. trimmed its holdings in shares of Wolverine World Wide, Inc. (NYSE:WWW) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,261,800 shares of the textile maker’s stock after selling 70,400 shares during the period. Hennessy Advisors Inc.’s holdings in Wolverine World Wide were worth $22,902,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Wolverine World Wide by 295.7% during the first quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock worth $460,000 after purchasing an additional 24,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Wolverine World Wide by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock worth $660,000 after purchasing an additional 2,321 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Wolverine World Wide by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock worth $20,929,000 after purchasing an additional 537,854 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Wolverine World Wide by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock worth $3,167,000 after purchasing an additional 26,870 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Wolverine World Wide by 4.8% during the second quarter. Invesco Ltd. now owns 997,217 shares of the textile maker’s stock worth $18,030,000 after purchasing an additional 45,982 shares during the period. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wolverine World Wide Stock Down 0.1%

Shares of WWW stock opened at $18.04 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.40 and a quick ratio of 0.87. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 15.96 and a beta of 1.85. The company’s fifty day moving average price is $17.08 and its 200-day moving average price is $18.66. Wolverine World Wide, Inc. has a one year low of $11.17 and a one year high of $32.80.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $517.50 million for the quarter, compared to the consensus estimate of $510.49 million. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. Wolverine World Wide’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. Sell-side analysts expect that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, April 1st. Wolverine World Wide’s payout ratio is currently 35.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Telsey Advisory Group increased their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, February 27th. Needham & Company LLC initiated coverage on shares of Wolverine World Wide in a research note on Thursday, March 26th. They set a “buy” rating and a $21.00 target price for the company. Robert W. Baird raised their target price on shares of Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. BNP Paribas Exane downgraded shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $19.00 in a research report on Thursday, January 22nd. Finally, UBS Group decreased their price objective on shares of Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.33.

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.