Kimberly-Clark’s (KMB) “In-Line” Rating Reiterated at Evercore ISI

Evercore ISI reiterated their in-line rating on shares of Kimberly-Clark (NASDAQ:KMB) in a research note issued to investors on Tuesday, Marketbeat reports. Evercore ISI currently has a $120.00 target price on the stock, down from their prior target price of $150.00.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada reiterated an “overweight” rating and set a $162.00 price objective on shares of Kimberly-Clark in a report on Tuesday, October 28th. Piper Sandler decreased their price target on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. TD Cowen lowered their target price on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Citigroup decreased their price target on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $129.80.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $100.77 on Tuesday. The business has a fifty day moving average of $121.61 and a 200-day moving average of $128.93. Kimberly-Clark has a fifty-two week low of $99.22 and a fifty-two week high of $150.45. The stock has a market cap of $33.44 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 4.61.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS. As a group, analysts predict that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimberly-Clark

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empirical Finance LLC raised its position in shares of Kimberly-Clark by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock worth $1,531,000 after buying an additional 76 shares in the last quarter. Nwam LLC lifted its stake in Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after buying an additional 77 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in Kimberly-Clark by 3.7% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after purchasing an additional 78 shares during the period. Monarch Capital Management Inc. boosted its position in shares of Kimberly-Clark by 1.9% in the second quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after buying an additional 81 shares during the period. Finally, TFB Advisors LLC grew its stake in Kimberly-Clark by 4.2% during the 2nd quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock valued at $261,000 after acquiring an additional 82 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.