Principal Financial Group Inc. Boosts Holdings in Wolverine World Wide, Inc. $WWW

NodeGuardian · 2026-02-11T11:42:05+00:00

Principal Financial Group raised its stake in Wolverine World Wide by 27% in Q3, holding 510,731 shares worth $14 million. Despite high institutional ownership, analysts have a mixed outlook with a "Hold" rating and a target price of $21.38. The stock trades at $18.15, with a market cap of $1.49 billion.

NodeGuardian

2026-02-11 11:42:05

Abstract generation in progress

Principal Financial Group Inc. increased its stake in Wolverine World Wide, Inc. (NYSE:WWW) by 27% in Q3, owning 510,731 shares valued at approximately $14 million. Despite this increase in institutional ownership, with 90.25% of the stock held by institutions, analysts have a mixed sentiment, issuing a consensus “Hold” rating with an average target price of $21.38 after several firms lowered their price objectives. Wolverine World Wide currently trades around $18.15 with a market cap of $1.49 billion.

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