Stocks of Kenvue Inc (NYSE:KVUE) traded higher last session on Wall Street, down -0.69% to $20.20.
KVUE stock price is now 0.11% away from the 50-day moving average and -6.81% away from the 200-day moving average. The market capitalization of the company currently stands at $38.68B.
On November 17, 2023, Piper Sandler recently initiated its ‘Neutral’ rating on the stock quoting a target price of $20, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, ALLISON RICHARD E JR, Director bought 5,598 shares of the company’s stock on Aug 30 ’23. The stock was bought for $128,524 at an average price of $22.96. Upon completion of the transaction, the Director now directly owns 25,598 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 11 ’23, Director ALLISON RICHARD E JR bought 20,000 shares of the business’s stock. A total of $525,232 was incurred on buying the stock at an average price of $26.26. This leaves the insider owning 20,000 shares of the company worth $0.4 million. A total of 19.13% of the company’s stock is owned by insiders.
During the past 12 months, Kenvue Inc has had a low of $17.82 and a high of $27.80. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 1.12, and a quick ratio of 0.78. The fifty day moving average price for KVUE is $20.16 and a two-hundred day moving average price translates $21.65 for the stock.
The latest earnings results from Kenvue Inc (NYSE: KVUE) was released for Dec, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.28 by 0.03. This compares to $0.20 EPS in the same period last year. The net profit margin was 9.88% and return on equity was 9.77% for KVUE. The company reported revenue of $3.67 billion for the quarter, compared to $3.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.68 percent. For the current quarter, analysts expect KVUE to generate $3.8B in revenue.
