Newell Brands Inc. (NASDAQ:NWL) Receives $7.42 Average Price Target from Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) have received an average rating of "Hold" from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.42.

Several equities analysts have recently weighed in on NWL shares. Barclays raised their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Royal Bank of Canada reissued a "sector perform" rating and issued a $9.00 price target on shares of Newell Brands in a research note on Monday, April 28th. Truist Financial decreased their price target on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company dropped their target price on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Finally, UBS Group dropped their target price on Newell Brands from $5.50 to $5.00 and set a "neutral" rating for the company in a report on Thursday, May 1st.

Hedge Funds Weigh In On Newell Brands

Several large investors have recently made changes to their positions in the stock. PFG Investments LLC lifted its holdings in shares of Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company's stock worth $157,000 after acquiring an additional 981 shares during the last quarter. TriaGen Wealth Management LLC boosted its holdings in Newell Brands by 1.7% during the 4th quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company's stock valued at $583,000 after acquiring an additional 991 shares during the period. Arizona State Retirement System boosted its holdings in Newell Brands by 0.9% during the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after acquiring an additional 1,125 shares during the period. Optas LLC boosted its holdings in Newell Brands by 11.8% during the 4th quarter. Optas LLC now owns 12,397 shares of the company's stock valued at $123,000 after acquiring an additional 1,306 shares during the period. Finally, Accurate Wealth Management LLC boosted its holdings in Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company's stock valued at $116,000 after acquiring an additional 1,531 shares during the period. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Price Performance

Shares of NWL stock traded up $0.75 during trading hours on Wednesday, hitting $5.97. 2,039,694 shares of the company's stock were exchanged, compared to its average volume of 6,994,787. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The firm has a market cap of $2.49 billion, a P/E ratio of -11.59, a P/E/G ratio of 0.95 and a beta of 0.92. The firm has a 50 day moving average of $5.60 and a two-hundred day moving average of $7.97. Newell Brands has a fifty-two week low of $4.22 and a fifty-two week high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands's revenue was down 5.3% on a year-over-year basis. Sell-side analysts forecast that Newell Brands will post 0.72 EPS for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 annualized dividend and a dividend yield of 4.69%. Newell Brands's dividend payout ratio is currently -47.46%.

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.