Whirlpool (NYSE:WHR) Stock Price Down 5.7% – Here’s Why

Whirlpool Corporation (NYSE:WHR)’s share price fell 5.7% on Wednesday. The stock traded as low as $26.67 and last traded at $26.4410. Approximately 1,834,873 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 2,691,419 shares. The stock had previously closed at $28.04.

Analysts Set New Price Targets

WHR has been the subject of a number of research reports. BNP Paribas Exane began coverage on shares of Whirlpool in a research note on Monday, July 13th. They set a “neutral” rating and a $43.00 target price for the company. Mizuho decreased their target price on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Stifel Nicolaus cut their price target on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. The Goldman Sachs Group reduced their price objective on shares of Whirlpool from $48.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, August 5th. Nine research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool currently has an average rating of “Reduce” and an average price target of $36.44.

Whirlpool Stock Performance

The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 11.76 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.15. The stock’s 50-day simple moving average is $34.70 and its two-hundred day simple moving average is $40.77.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.15). Whirlpool had a return on equity of 4.18% and a net margin of 1.17%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The company’s revenue was down 6.8% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Analysts forecast that Whirlpool Corporation will post 2.25 earnings per share for the current year.

Institutional Investors Weigh In On Whirlpool

Hedge funds have recently made changes to their positions in the company. Kelleher Financial Advisors bought a new position in shares of Whirlpool in the second quarter valued at about $28,000. Silvant Capital Management LLC bought a new stake in shares of Whirlpool in the second quarter worth $29,000. Fortitude Family Office LLC acquired a new position in Whirlpool during the third quarter valued at approximately $29,000. SJS Investment Consulting Inc. bought a new stake in shares of Whirlpool in the 1st quarter valued at about $45,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Whirlpool in the 1st quarter valued at $46,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

About Whirlpool

Whirlpool Corporation (NYSE: WHR) is a global manufacturer and marketer of home appliances. The company develops products designed for kitchens and laundry rooms, including refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers, and related household appliances.

Whirlpool sells products under a portfolio of well-known brands, including Whirlpool, Maytag, KitchenAid, JennAir and Amana. Its products are distributed through retailers, builders, distributors and other sales channels to residential customers in North America and international markets.

The company traces its history to 1911, when it was founded as the Upton Machine Company in Benton Harbor, Michigan.