Whirlpool (NYSE:WHR) Sets New 52-Week Low – Time to Sell?

Whirlpool Corporation (NYSE:WHR) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $36.06 and last traded at $36.39, with a volume of 2464017 shares traded. The stock had previously closed at $36.57.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup lowered their target price on Whirlpool from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Raymond James Financial restated a “market perform” rating on shares of Whirlpool in a research report on Monday, March 16th. Royal Bank Of Canada lowered their price objective on Whirlpool from $32.00 to $30.00 and set an “underperform” rating for the company in a research note on Tuesday, June 16th. Bank of America dropped their target price on Whirlpool from $43.00 to $36.00 and set an “underperform” rating on the stock in a research report on Monday. Finally, Weiss Ratings cut Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $67.11.

Whirlpool Stock Down 0.3%

The firm’s 50 day simple moving average is $45.17 and its 200 day simple moving average is $62.54. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 21.88 and a beta of 1.15. The company has a quick ratio of 0.48, a current ratio of 0.88 and a debt-to-equity ratio of 1.48.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.99). Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The business’s quarterly revenue was down 9.6% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. Sell-side analysts anticipate that Whirlpool Corporation will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in shares of Whirlpool by 56.7% during the first quarter. NewEdge Advisors LLC now owns 3,120 shares of the company’s stock valued at $281,000 after purchasing an additional 1,129 shares in the last quarter. Empowered Funds LLC grew its position in Whirlpool by 206.5% in the 1st quarter. Empowered Funds LLC now owns 8,528 shares of the company’s stock valued at $769,000 after buying an additional 5,746 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Whirlpool by 15.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,918 shares of the company’s stock valued at $19,371,000 after buying an additional 27,995 shares during the period. Invesco Ltd. increased its stake in Whirlpool by 3.2% during the 2nd quarter. Invesco Ltd. now owns 229,566 shares of the company’s stock valued at $23,283,000 after buying an additional 7,151 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after buying an additional 208 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

Whirlpool Company Profile

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.