Kenvue (KVUE) Stock Price, News & Analysis

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kenvue in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" KVUE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KVUE, but not buy additional shares or sell existing shares.
View KVUE analyst ratings or view top-rated stocks.

16 brokers have issued 12 month price targets for Kenvue's stock. Their KVUE share price targets range from $18.00 to $30.00. On average, they predict the company's share price to reach $24.38 in the next year. This suggests a possible upside of 17.3% from the stock's current price.
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Kenvue's stock was trading at $21.53 at the beginning of 2024. Since then, KVUE stock has decreased by 3.5% and is now trading at $20.78.
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Kenvue saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 27,800,000 shares, a decline of 22.8% from the April 15th total of 36,030,000 shares. Based on an average daily trading volume, of 17,630,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.6% of the shares of the stock are sold short.
View Kenvue's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our KVUE earnings forecast.

Kenvue Inc. (NYSE:KVUE) issued its quarterly earnings data on Tuesday, May, 7th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The company earned $2.89 billion during the quarter, compared to analyst estimates of $3.79 billion. Kenvue had a net margin of 9.63% and a trailing twelve-month return on equity of 21.06%. The firm's revenue for the quarter was down 24.9% on a year-over-year basis.

Kenvue announced a quarterly dividend on Thursday, April 25th. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.20 per share on Wednesday, May 22nd. This represents a $0.80 annualized dividend and a yield of 3.85%. The ex-dividend date is Tuesday, May 7th.
Read our dividend analysis for KVUE.

Kenvue (NYSE:KVUE) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.93%. The dividend payout ratio is 102.56%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KVUE will have a dividend payout ratio of 63.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KVUE.

ETFs with the largest weight of Kenvue (NYSE:KVUE) stock in their portfolio include Renaissance IPO ETF (IPO), Roundhill S&P Dividend Monarchs ETF (KNGS), Brookstone Growth Stock ETF (BAMG), TBG Dividend Focus ETF (TBG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), American Century Focused Large Cap Value ETF (FLV) and Fidelity Blue Chip Value ETF (FBCV).

Kenvue updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 1.100-1.200 for the period, compared to the consensus earnings per share estimate of 1.140. The company issued revenue guidance of $15.6 billion-$15.9 billion, compared to the consensus revenue estimate of $15.6 billion.

Kenvue (KVUE) raised $3.3 billion in an initial public offering on Thursday, May 4th 2023. The company issued 151,200,000 shares at $20.00-$23.00 per share. Goldman Sachs, J.P. Morgan, BofA Securities, Citigroup, Deutsche Bank Securities, BNP PARIBAS, HSBC, RBC Capital Markets and UBS Investment Bank acted as the underwriters for the IPO.

Kenvue's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.71%), Price T Rowe Associates Inc. MD (7.03%), JPMorgan Chase & Co. (3.57%), Bank of New York Mellon Corp (1.87%), Capital International Investors (1.19%) and Nordea Investment Management AB (0.61%).
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Shares of KVUE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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