During the last session, Kenvue Inc (NYSE:KVUE)’s traded shares were 14.01 million, with the beta value of the company hitting 1.27. At the end of the trading day, the stock’s price was $21.95, reflecting an intraday gain of 0.92% or $0.2. The 52-week high for the KVUE share is $23.33, that puts it down -6.29 from that peak though still a striking 19.5% gain since the share price plummeted to a 52-week low of $17.67. The company’s market capitalization is $42.04B, and the average intraday trading volume over the past 10 days was 9.95 million shares, and the average trade volume was 18.45 million shares over the past three months.
Kenvue Inc (KVUE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. KVUE has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.28.
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Kenvue Inc (NYSE:KVUE) trade information
Kenvue Inc (KVUE) registered a 0.92% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.92% in intraday trading to $21.95, hitting a weekly high. The stock’s 5-day price performance is 0.60%, and it has moved by 17.82% in 30 days. Based on these gigs, the overall price performance for the year is -4.85%. The short interest in Kenvue Inc (NYSE:KVUE) is 44.75 million shares and it means that shorts have 2.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $20.5, which implies a decrease of -7.07% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $29 respectively. As a result, KVUE is trading at a discount of -32.12% off the target high and 18.0% off the low.
Kenvue Inc (KVUE) estimates and forecasts
Statistics show that Kenvue Inc has underperformed its competitors in share price, compared to the industry in which it operates. Kenvue Inc (KVUE) shares have gone up 16.63% during the last six months, with a year-to-date growth rate less than the industry average at -16.28% against 4.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -9.70% this quarter and then drop -16.10% in the quarter after that. In the rating firms’ projections, revenue will increase 1.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.96B as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 3.84B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.92B and 3.67B respectively. In this case, analysts expect current quarter sales to grow by 1.20% and then jump by 4.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.41%. While earnings are projected to return -11.28% in 2024, the next five years will return 1.47% per annum.
KVUE Dividends
Kenvue Inc is due to release its next quarterly earnings on 2024-Oct-24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Kenvue Inc is 0.81, with the dividend yield indicating at 3.67 percent, continuing the trend of increasing dividends in recent years.
Kenvue Inc (NYSE:KVUE)’s Major holders
Kenvue Inc insiders own 0.02% of total outstanding shares while institutional holders control 99.22%, with the float percentage being 99.25%. VANGUARD GROUP INC is the largest shareholder of the company, while 1305.0 institutions own stock in it. As of 2024-06-30, the company held over 212.06 million shares (or 11.0739% of all shares), a total value of $3.86 billion in shares.
The next largest institutional holding, with 177.12 million shares, is of PRICE T ROWE ASSOCIATES INC /MD/’s that is approximately 9.2491% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.22 billion.
