Whirlpool Corporation (NYSE:WHR) Short Interest Update

Key Points

• Whirlpool Corporation experienced a significant decrease in short interest, dropping by 27.6% from July to August, with a current total of 8,240,000 shares shorted, representing approximately 15.3% of its stock.
• The stock has received mixed ratings from analysts, with two "Buy," two "Hold," and two "Sell" ratings, and a consensus price target of $98.83.
• Whirlpool reported quarterly earnings of $1.34 EPS, falling short of analyst expectations, and announced a dividend of $0.90 per share, representing a yield of 3.8%.

Whirlpool Corporation (NYSE:WHR - Get Free Report) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 8,240,000 shares, adropof27.6% from the July 31st total of 11,380,000 shares. Approximately15.3% of the company's stock are short sold. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is currently 5.2 days. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is currently 5.2 days. Approximately15.3% of the company's stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WHR. Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Monday, June 30th. Bank of America restated an "underperform" rating and set a $70.00 price target (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Royal Bank Of Canada cut their price target on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Loop Capital restated a "hold" rating and set a $88.00 price target on shares of Whirlpool in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Whirlpool has a consensus rating of "Hold" and a consensus price target of $98.83.

Whirlpool Stock Performance

WHR traded up $1.10 during trading on Monday, hitting $95.54. The stock had a trading volume of 976,049 shares, compared to its average volume of 1,026,450. The firm has a market cap of $5.34 billion, a PE ratio of -36.05 and a beta of 1.16. Whirlpool has a 12 month low of $73.72 and a 12 month high of $135.49. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. The company has a 50 day simple moving average of $94.32 and a 200-day simple moving average of $89.19.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the firm posted $2.39 EPS. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Analysts expect that Whirlpool will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, August 29th. This represents a $3.60 annualized dividend and a dividend yield of 3.8%. Whirlpool's payout ratio is presently -135.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in shares of Whirlpool by 129.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company's stock worth $37,000 after acquiring an additional 208 shares during the last quarter. Cheviot Value Management LLC bought a new stake in Whirlpool in the first quarter valued at approximately $36,000. Ransom Advisory Ltd bought a new stake in Whirlpool in the first quarter valued at approximately $38,000. UMB Bank n.a. increased its stake in Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after purchasing an additional 129 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in Whirlpool in the second quarter valued at approximately $51,000. Institutional investors own 90.78% of the company's stock.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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