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Kenvue (NYSE:KVUE) Reaches New 52-Week Low - Time to Sell?

Kenvue logo with Consumer Staples background

Key Points

  • Kenvue Inc. (NYSE:KVUE) shares hit a new 52-week low at $15.15, closing at $15.20, with a trading volume of over 15 million shares.
  • The company's quarterly earnings were $0.29 per share, slightly above estimates, while revenue dropped 4.0% year-over-year, leading to forecasts of a 1.000-1.050 EPS for FY 2025.
  • Kenvue recently raised its dividend to $0.2075 per share, representing a yield of 5.8%, although the current dividend payout ratio is quite high at 112.16%.
  • MarketBeat previews the top five stocks to own by November 1st.

Kenvue Inc. (NYSE:KVUE - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The company traded as low as $15.15 and last traded at $15.20, with a volume of 15236614 shares traded. The stock had previously closed at $16.26.

Analyst Ratings Changes

A number of equities analysts have commented on KVUE shares. Zacks Research raised Kenvue to a "strong sell" rating in a research note on Monday, August 11th. Rothschild & Co Redburn raised Kenvue from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $22.50 to $22.00 in a research note on Friday, September 26th. JPMorgan Chase & Co. cut their price objective on Kenvue from $24.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, October 10th. Evercore ISI cut their price objective on Kenvue from $23.00 to $18.00 and set an "in-line" rating on the stock in a research report on Tuesday, September 23rd. Finally, UBS Group cut their price objective on Kenvue from $23.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $21.18.

View Our Latest Stock Analysis on Kenvue

Kenvue Stock Down 11.5%

The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $18.82 and a 200 day simple moving average of $21.18. The firm has a market capitalization of $27.61 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.32 and a beta of 0.72.

Kenvue (NYSE:KVUE - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Kenvue had a return on equity of 20.06% and a net margin of 9.37%.The firm had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the previous year, the business earned $0.32 earnings per share. The company's revenue was down 4.0% on a year-over-year basis. Kenvue has set its FY 2025 guidance at 1.000-1.050 EPS. On average, equities analysts expect that Kenvue Inc. will post 1.14 EPS for the current fiscal year.

Kenvue Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 5.8%. This is a boost from Kenvue's previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, August 13th. Kenvue's dividend payout ratio (DPR) is currently 112.16%.

Institutional Trading of Kenvue

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. purchased a new stake in Kenvue in the first quarter worth about $30,000. TruNorth Capital Management LLC purchased a new stake in shares of Kenvue during the first quarter worth about $36,000. Truvestments Capital LLC purchased a new stake in shares of Kenvue during the first quarter worth about $37,000. Trust Co. of Vermont grew its position in shares of Kenvue by 266.8% during the second quarter. Trust Co. of Vermont now owns 1,581 shares of the company's stock worth $33,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of Kenvue by 378.5% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,627 shares of the company's stock worth $39,000 after purchasing an additional 1,287 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company's stock.

About Kenvue

(Get Free Report)

Kenvue Inc operates as a consumer health company worldwide. The company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. The Self Care segment offers cough, cold and allergy, pain care, digestive health, smoking cessation, eye care, and other products under the Tylenol, Motrin, Benadryl, Nicorette, Zarbee's, ORSLTM, Rhinocort, Calpol, and Zyrtec brands.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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