Newell Brands Inc. (NASDAQ:NWL – Get Free Report)’s share price was down 4% during trading on Monday . The stock traded as low as $8.54 and last traded at $8.55. Approximately 465,683 shares were traded during trading, a decline of 90% from the average daily volume of 4,849,755 shares. The stock had previously closed at $8.91.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NWL. Royal Bank of Canada upped their target price on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday. Wells Fargo & Company raised their price objective on Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday. Barclays upgraded shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price target on the stock in a research note on Tuesday, May 14th. Canaccord Genuity Group raised their price target on shares of Newell Brands from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Citigroup decreased their price target on Newell Brands from $8.00 to $6.25 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.64.
Newell Brands Trading Down 1.2 %
The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The business’s fifty day moving average is $6.90 and its two-hundred day moving average is $7.47. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of -12.47, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89.
Newell Brands (NASDAQ:NWL – Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.15. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.05 billion. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Equities analysts anticipate that Newell Brands Inc. will post 0.62 earnings per share for the current fiscal year.
Newell Brands Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, May 31st. Newell Brands’s payout ratio is -38.89%.
Institutional Investors Weigh In On Newell Brands
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Philadelphia Trust Co. boosted its position in shares of Newell Brands by 0.8% during the fourth quarter. Philadelphia Trust Co. now owns 183,357 shares of the company’s stock worth $1,592,000 after purchasing an additional 1,500 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in Newell Brands by 15.5% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 11,682 shares of the company’s stock worth $101,000 after acquiring an additional 1,564 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Newell Brands by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 168,708 shares of the company’s stock valued at $1,464,000 after acquiring an additional 1,650 shares during the period. Xcel Wealth Management LLC increased its holdings in shares of Newell Brands by 8.6% in the fourth quarter. Xcel Wealth Management LLC now owns 21,370 shares of the company’s stock worth $185,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Triumph Capital Management raised its position in shares of Newell Brands by 7.4% during the fourth quarter. Triumph Capital Management now owns 25,480 shares of the company’s stock worth $221,000 after purchasing an additional 1,760 shares during the period. Institutional investors own 92.50% of the company’s stock.
Newell Brands Company Profile
Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.