In the last trading session, 38.27 million Kenvue Inc (NYSE:KVUE) shares changed hands as the company’s beta touched 1.36. With the company’s per share price at $22.92 changed hands at $1.2 or 5.52% during last session, the market valuation stood at $43.90B. KVUE’s last price was a discount, traded about -2.75% off its 52-week high of $23.55. The share price had its 52-week low at $17.67, which suggests the last value was 22.91% up since then. When we look at Kenvue Inc’s average trading volume, we note the 10-day average is 15.66 million shares, with the 3-month average coming to 15.62 million.
Analysts gave the Kenvue Inc (KVUE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.28. If we narrow down to specifics, the data shows that 1 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended KVUE as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Kenvue Inc’s EPS for the current quarter is expected to be 0.27.
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Kenvue Inc (NYSE:KVUE) trade information
Instantly KVUE was in green as seen at the end of in last trading. With action 6.11%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 6.46%, with the 5-day performance at 6.11% in the green. However, in the 30-day time frame, Kenvue Inc (NYSE:KVUE) is -0.43% down. Looking at the short shares, we see there were 45.13 million shares sold at short interest cover period of 2.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21, meaning bulls need a downside of -9.14% from its current market value. According to analyst projections, KVUE’s forecast low is 18 with 27 as the target high. To hit the forecast high, the stock’s price needs a -17.8% plunge from its current level, while the stock would need to tank 21.47% for it to hit the projected low.
Kenvue Inc (KVUE) estimates and forecasts
Data shows that the Kenvue Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 17.06% over the past 6 months, a -16.28% in annual growth rate that is considerably lower than the industry average of 1.40%. Year-over-year growth is forecast to reach 1.50% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 3.93B. 11 analysts are of the opinion that Kenvue Inc’s revenue for the current quarter will be 3.86B. The company’s revenue for the corresponding quarters a year ago was 3.92B and 3.67B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.50%. The estimates for the next quarter sales put growth at 5.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.41%. The 2024 estimates are for Kenvue Inc earnings to decrease by -11.62%, but the outlook for the next 5-year period is at 1.05% per year.
KVUE Dividends
Kenvue Inc is expected to release its next quarterly earnings report in November. The 3.51% annual yield figure for the share gives it an annual dividend of 0.81. It is important to note, however, that the 3.51% 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 0.02% of Kenvue Inc shares while 102.11% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 102.13%. There are 102.11% institutions holding the Kenvue Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.0739% of the shares, roughly 212.06 million KVUE shares worth $3.86 billion.
PRICE T ROWE ASSOCIATES INC /MD/ holds the second largest percentage of outstanding shares, with 9.2491% or 177.12 million shares worth $3.22 billion as of 2024-06-30.
