Cresset Asset Management LLC Sells 91,845 Shares of Wolverine World Wide, Inc. $WWW

Cresset Asset Management LLC lessened its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 69.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,135 shares of the textile maker’s stock after selling 91,845 shares during the period. Cresset Asset Management LLC owned about 0.05% of Wolverine World Wide worth $1,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hennessy Advisors Inc. acquired a new position in shares of Wolverine World Wide in the third quarter worth approximately $36,556,000. Callodine Capital Management LP raised its holdings in Wolverine World Wide by 41.0% during the 2nd quarter. Callodine Capital Management LP now owns 4,297,586 shares of the textile maker’s stock worth $77,700,000 after purchasing an additional 1,250,515 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new position in shares of Wolverine World Wide in the 2nd quarter worth approximately $10,442,000. Goldman Sachs Group Inc. boosted its stake in shares of Wolverine World Wide by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock valued at $20,929,000 after purchasing an additional 537,854 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in shares of Wolverine World Wide by 78.2% during the third quarter. WCM Investment Management LLC now owns 1,008,395 shares of the textile maker’s stock worth $27,499,000 after buying an additional 442,649 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $16.74 on Tuesday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 14.82 and a beta of 1.88. The firm’s 50-day moving average price is $18.11 and its 200-day moving average price is $21.47. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 1.29. Wolverine World Wide, Inc. has a 1-year low of $9.58 and a 1-year high of $32.80.

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

Wolverine World Wide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.4%. Wolverine World Wide’s payout ratio is currently 35.40%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. BNP Paribas Exane lowered shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $19.00 in a report on Thursday, January 22nd. Piper Sandler downgraded Wolverine World Wide from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $16.00 in a report on Wednesday, January 7th. Zacks Research raised Wolverine World Wide from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Argus restated a “hold” rating on shares of Wolverine World Wide in a research report on Friday, January 23rd. Finally, UBS Group decreased their target price on Wolverine World Wide from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.50.

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.