ManpowerGroup (NYSE:MAN) Reaches New 52-Week Low - Should You Sell?

ManpowerGroup Inc. (NYSE:MAN - Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $37.99 and last traded at $38.16, with a volume of 574981 shares trading hands. The stock had previously closed at $39.79.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Truist Financial dropped their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. UBS Group dropped their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $50.60.

ManpowerGroup Trading Down 3.2%

The firm has a market capitalization of $1.78 billion, a P/E ratio of 16.74 and a beta of 1.08. The business's 50-day moving average is $42.26 and its 200 day moving average is $52.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The business had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. ManpowerGroup had a return on equity of 9.10% and a net margin of 0.63%. During the same period in the prior year, the business posted $0.94 earnings per share. As a group, analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's payout ratio is 62.61%.

Institutional Investors Weigh In On ManpowerGroup

A number of large investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its stake in ManpowerGroup by 2.1% during the first quarter. SummerHaven Investment Management LLC now owns 11,657 shares of the business services provider's stock worth $675,000 after buying an additional 238 shares in the last quarter. Fifth Third Bancorp grew its stake in ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after buying an additional 243 shares in the last quarter. CW Advisors LLC boosted its stake in shares of ManpowerGroup by 4.1% in the 1st quarter. CW Advisors LLC now owns 6,953 shares of the business services provider's stock valued at $402,000 after purchasing an additional 273 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of ManpowerGroup by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 107,969 shares of the business services provider's stock valued at $6,249,000 after purchasing an additional 278 shares in the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of ManpowerGroup by 2.8% in the 4th quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider's stock valued at $618,000 after purchasing an additional 290 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.