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These Numbers Show Favorable Signs for Kenvue Inc (KVUE)

Kenvue Inc (NYSE: KVUE) is -1.39% 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 $21.46 in the last trading session, with the day’s loss setting it -0.23%.

Currently trading at $21.23, the stock is 5.12% and 5.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.46 million and changing -1.07% at the moment leaves the stock -1.15% off its SMA200. KVUE registered a loss of 5.57% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $3.09 and a 200-day simple moving average (SMA200) of $15.02.

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The stock witnessed a 11.74% gain in the last 1 month and extending the period to 3 months gives it a -1.12%, and is 3.06% up 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 1.71% over the week and 2.05% over the month.

Kenvue Inc (KVUE) has around 22000 employees, a market worth around $40.65B and $15.44B in sales. Current P/E ratio is 26.58 and Fwd P/E is 17.03. Profit margin for the company is 9.88%. Distance from 52-week low is 19.14% and -23.62% from its 52-week high. The company has generated returns on investments over the last 12 months (8.03%).

Kenvue Inc quarterly earnings per share for the current quarter are estimated at $0.26 with sales reaching $3.8B over the same period.The EPS is expected to shrink by -10.36% this year, but quarterly earnings will post 1.40% year-over-year. Quarterly sales are estimated to shrink -1.40% in year-over-year returns.

Kenvue Inc (KVUE) Top Institutional Holders

1,245 institutions hold shares in Kenvue Inc (KVUE), with institutional investors hold 98.84% of the company’s shares. The shares outstanding are 1.92B, and float is at 1.55B with Short Float at 1.77%. Institutions hold 98.82% 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

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 ’23 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 ’23 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 ’23 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.

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