Landscape Capital Management L.L.C. Makes New Investment in Wolverine World Wide, Inc. $WWW

Landscape Capital Management L.L.C. acquired a new position in shares of Wolverine World Wide, Inc. (NYSE:WWW) during the 4th quarter, Holdings Channel reports. The firm acquired 257,119 shares of the textile maker’s stock, valued at approximately $4,667,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alua Capital Management LP purchased a new stake in Wolverine World Wide during the 3rd quarter worth approximately $33,231,000. Vanguard Group Inc. raised its position in shares of Wolverine World Wide by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,988,758 shares of the textile maker’s stock valued at $163,146,000 after acquiring an additional 353,808 shares in the last quarter. M&G PLC bought a new position in Wolverine World Wide during the third quarter worth $10,618,000. Jupiter Asset Management Ltd. lifted its stake in Wolverine World Wide by 131.6% during the third quarter. Jupiter Asset Management Ltd. now owns 563,255 shares of the textile maker’s stock worth $15,456,000 after purchasing an additional 320,043 shares during the last quarter. Finally, Portolan Capital Management LLC bought a new position in Wolverine World Wide during the third quarter worth $21,859,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wolverine World Wide Trading Down 0.9%

NYSE:WWW opened at $18.06 on Friday. Wolverine World Wide, Inc. has a 1 year low of $13.47 and a 1 year high of $32.80. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 14.56 and a beta of 1.73. The business has a fifty day moving average of $16.84 and a 200-day moving average of $17.35. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.89 and a current ratio of 1.53.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The company had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $448.44 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Equities analysts predict that Wolverine World Wide, Inc. will post 1.54 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.2%. Wolverine World Wide’s dividend payout ratio is presently 32.26%.

Wall Street Analysts Forecast Growth

WWW has been the topic of several research analyst reports. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Robert W. Baird reduced their price objective on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Needham & Company LLC initiated coverage on Wolverine World Wide in a research note on Thursday, March 26th. They set a “buy” rating and a $21.00 price objective on the stock. Telsey Advisory Group reduced their price objective on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Finally, Zacks Research upgraded Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.75.

Insider Activity

In other news, Director Brenda J. Lauderback sold 5,500 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

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.