The price of Kenvue Inc (NYSE:KVUE) shares last traded on Wall Street rose 1.06% to $19.06.
KVUE stock price is now -3.68% away from the 50-day moving average and -8.67% away from the 200-day moving average. The market capitalization of the company currently stands at $36.49B.
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With the price target of $18, Bernstein recently initiated with Underperform rating for Kenvue Inc (NYSE: KVUE). , while ‘Goldman’ rates the stock as ‘Neutral’
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 $0.49 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 $0.38 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.
According to the Household & Personal Products Company, earnings per share came in at 0.37, beating analysts’ expectations of 0.32 by 0.05. 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 $3.79B in revenue.
