Newell Brands Inc. (NASDAQ:NWL) Receives $8.91 Consensus PT from Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL) have been given an average rating of “Hold” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.91.

Several research firms have issued reports on NWL. Royal Bank of Canada lifted their target price on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. decreased their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Truist Financial raised their price objective on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Wells Fargo & Company upped their target price on Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new position in Newell Brands in the second quarter valued at approximately $26,000. NBC Securities Inc. boosted its holdings in Newell Brands by 50.5% during the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after buying an additional 1,780 shares in the last quarter. Gradient Investments LLC acquired a new stake in Newell Brands during the second quarter valued at $46,000. Quarry LP increased its holdings in Newell Brands by 104.4% in the second quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Newell Brands in the second quarter worth about $58,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Down 1.9 %

NASDAQ:NWL opened at $7.72 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.98 and a quick ratio of 0.51. Newell Brands has a 1-year low of $5.39 and a 1-year high of $9.24. The company has a 50-day moving average of $7.40 and a 200 day moving average of $7.31. The firm has a market cap of $3.21 billion, a PE ratio of -10.72, a price-to-earnings-growth ratio of 1.29 and a beta of 0.91.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.15. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The company’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, research analysts anticipate that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.63%. Newell Brands’s payout ratio is currently -38.89%.

About Newell Brands

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.