Kenvue Inc (NYSE: KVUE) Stock Could Reward Investors With A -35.0% Loss

In the latest trading session, 3.08 million Kenvue Inc (NYSE:KVUE) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $20.00 changing hands around $0.25 or 1.27% at last look, the market valuation stands at $38.30B. KVUE’s current price is a discount, trading about -39.0% off its 52-week high of $27.80. The share price had its 52-week low at $17.82, which suggests the last value was 10.9% up since then. When we look at Kenvue Inc’s average trading volume, we note the 10-day average is 14.07 million shares, with the 3-month average coming to 37.55 million.

Analysts gave the Kenvue Inc (KVUE) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.93. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 6 recommended KVUE as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Kenvue Inc’s EPS for the current quarter is expected to be $0.28.

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Kenvue Inc (NYSE:KVUE) trade information

Instantly KVUE is in green as seen in intraday trades today. With action 3.04%, the performance over the past five days has been green. The jump to weekly highs of 20.00 on Monday, 11/20/23 added 1.27% to the stock’s daily price. The company’s shares are showing year-to-date downside of -25.65%, with the 5-day performance at 3.04% in the green. However, in the 30-day time frame, Kenvue Inc (NYSE:KVUE) is 1.63% up. Looking at the short shares, we see there were 36.95 million shares sold at short interest cover period of 1.4 days.

The consensus price target for the stock as assigned by Wall Street analysts is $23.67, meaning bulls need an upside of 15.5% from its recent market value. According to analyst projections, KVUE’s forecast low is $20.00 with $27.00 as the target high. To hit the forecast high, the stock’s price needs a -35.0% plunge from its current level, while the stock would need to tank 0.0% for it to hit the projected low.

Kenvue Inc (KVUE) estimates and forecasts

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $3.8 billion. 7 analysts are of the opinion that Kenvue Inc’s revenue for the quarter ending Mar 2024 will be $3.88 billion. The estimates for the next quarter sales put growth at 0.80%.

The 2023 estimates are for Kenvue Inc earnings to decrease by -6.50%, but the outlook for the next 5-year period is at 1.48% per year.

KVUE Dividends

Kenvue Inc is expected to release its next quarterly earnings report in December. The 1.91% annual yield figure for the share gives it an annual dividend of 0.38. It is important to note, however, that the 1.91% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Kenvue Inc (NYSE:KVUE)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 89.62% of Kenvue Inc shares while 4.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 46.44%. There are 4.82% institutions holding the Kenvue Inc stock share, with Price (T.Rowe) Associates Inc the top institutional holder. As of Jun 29, 2023, the company held 1.37% of the shares, roughly 26.32 million KVUE shares worth $695.31 million.

Massachusetts Financial Services Co. holds the second largest percentage of outstanding shares, with 0.97% or 18.64 million shares worth $492.51 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were SPDR S&P 500 ETF Trust and iShares Core S&P 500 ETF. With 18.94 million shares estimated at $436.48 million under it, the former controlled 0.99% of total outstanding shares. On the other hand, iShares Core S&P 500 ETF held about 0.84% of the shares, roughly 16.12 million shares worth around $371.55 million.

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