In the last trading session, 13.26 million shares of the Kenvue Inc (NYSE:KVUE) were traded, and its beta was 1.25. Most recently the company’s share price was $23.39, and it changed around $0.01 or 0.04% from the last close, which brings the market valuation of the company to $44.80B. KVUE currently trades at a discount to its 52-week high of $23.55, offering almost -0.68% off that amount. The share price’s 52-week low was $17.67, which indicates that the current value has risen by an impressive 24.45% since then. We note from Kenvue Inc’s average daily trading volume that its 10-day average is 14.96 million shares, with the 3-month average coming to 17.55 million.
Kenvue Inc stock received a consensus recommendation rating of Underweight, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended KVUE as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Kenvue Inc is expected to report earnings per share of 0.28 for the current quarter.
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Kenvue Inc (NYSE:KVUE) trade information
Instantly KVUE has showed a green trend with a performance of 0.04% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 23.55 on recent trading dayincreased the stock’s daily price by 0.68%. The company’s shares are currently up 8.64% year-to-date, but still up 1.48% over the last five days. On the other hand, Kenvue Inc (NYSE:KVUE) is 7.94% up in the 30-day period. We can see from the shorts that 46.47 million shares have been sold at a short interest cover period of 2.84 day(s).
The consensus price target as assigned by Wall Street analysts is $20.5, which translates to bulls needing to decrease their stock price by -14.1% from its current value. Analyst projections state that KVUE is forecast to be at a low of $18 and a high of $29.
Kenvue Inc (KVUE) estimates and forecasts
Kenvue Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.79 percent over the past six months and at a -16.28% annual growth rate that is well below the industry average of 3.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -9.70% in revenue this quarter, and will report a decrease of -16.10% in the next quarter. The year-over-year growth rate is expected to be 1.60%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 3.96B in revenue for the current quarter. 11 analysts expect Kenvue Inc to make 3.84B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.92B and 3.67B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.10%. Forecasts for the next quarter put sales growth at 4.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.41%. Kenvue Inc earnings are expected to increase by -11.61% in 2024, but the outlook is positive 1.45% per year for the next five years.
KVUE Dividends
Kenvue Inc’s next quarterly earnings report is expected to be released on 2024-Oct-24. The annual dividend yield of the stock is 3.44 percent and its annual dividend per share was 0.81. It is important to note, however, that the 3.44% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Kenvue Inc (NYSE:KVUE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.02% of Kenvue Inc shares, and 101.31% of them are in the hands of institutional investors. The stock currently has a share float of 101.33%. Kenvue Inc stock is held by 1309.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.0739% of the shares, which is about 212.06 million shares worth $3.86 billion.
PRICE T ROWE ASSOCIATES INC /MD/, with 9.2491% or 177.12 million shares worth $3.22 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 60.52 shares worth $1.42 billion, making up 3.16% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 49.14 shares worth around $1.15 billion, which represents about 2.57% of the total shares outstanding.
