Kenvue Inc (KVUE) Stock Could Soon Reward Patient Investors

Kenvue Inc (NYSE: KVUE) is -10.22% lower on its value in year-to-date trading and has touched a low of $17.82 and a high of $27.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KVUE stock was last observed hovering at around $19.33 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $19.33, the stock is -7.07% and -7.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.59 million and changing 0.00% at the moment leaves the stock -13.80% off its SMA200. KVUE registered a loss of -17.29% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $2.87 and a 200-day simple moving average (SMA200) of $18.16.

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The stock witnessed a -11.21% gain in the last 1 month and extending the period to 3 months gives it a 0.89%, and is -7.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.49% over the week and 1.97% over the month.

Kenvue Inc (KVUE) has around Feb 13 2024 employees, a market worth around $37.02B and $15.44B in sales. Current P/E ratio is 24.22 and Fwd P/E is 15.05. Profit margin for the company is 9.87%. Distance from 52-week low is 8.47% and -30.46% from its 52-week high. The company has generated returns on investments over the last 12 months (8.16%).

Kenvue Inc quarterly earnings per share for the current quarter are estimated at $0.28 with sales reaching $3.83B over the same period.The EPS is expected to shrink by -7.19% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to shrink -0.50% in year-over-year returns.

Kenvue Inc (KVUE) Top Institutional Holders

1,209 institutions hold shares in Kenvue Inc (KVUE), with institutional investors hold 100.26% of the company’s shares. The shares outstanding are 1.89B, and float is at 1.73B with Short Float at 1.44%. Institutions hold 90.71% of the Float.

The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 26.32 million shares valued at $695.31 million. The investor’s holdings represent 1.37% of the KVUE Shares outstanding. As of Jun 29, 2023, the second largest holder is Massachusetts Financial Services Co. with 18.64 million shares valued at $492.51 million to account for 0.97% of the shares outstanding. The other top investors are FMR, LLC which holds 13.27 million shares representing 0.69% and valued at over $350.59 million, while Wellington Management Group, LLP holds 0.55% of the shares totaling 10.6 million with a market value of $280.12 million.

Kenvue Inc (KVUE) Insider Activity

A total of 7 insider transactions have happened at Kenvue Inc (KVUE) in the last six months, with sales accounting for 1 and purchases happening 6 times. The most recent transaction is an insider purchase by ALLISON RICHARD E JR ,the company’sDirector. SEC filings show that ALLISON RICHARD E JR bought 5,598 shares of the company’s common stock on Aug 30 at a price of $22.96 per share for a total of $0.13 million. Following the purchase, the insider now owns 25598.0 shares.

Kenvue Inc disclosed in a document filed with the SEC on May 11 that ALLISON RICHARD E JR (Director) bought a total of 20,000 shares of the company’s common stock. The trade occurred on May 11 and was made at $26.26 per share for $0.53 million. Following the transaction, the insider now directly holds 20000.0 shares of the KVUE stock.