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

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) has been given an average rating of "Hold" by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $7.42.

A number of analysts have issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada restated a "sector perform" rating and issued a $9.00 price target on shares of Newell Brands in a research report on Monday, April 28th. Truist Financial dropped their target price on Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of Newell Brands from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company lowered their price target 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NWL. Castlekeep Investment Advisors LLC acquired a new stake in Newell Brands in the fourth quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Newell Brands during the 4th quarter valued at $46,000. Farther Finance Advisors LLC lifted its holdings in shares of Newell Brands by 212.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after purchasing an additional 4,169 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Newell Brands by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after purchasing an additional 4,617 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Newell Brands during the 4th quarter worth $101,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Price Performance

NASDAQ:NWL traded down $0.12 on Friday, reaching $5.33. 14,236,476 shares of the company's stock traded hands, compared to its average volume of 7,344,594. The stock has a 50-day simple moving average of $5.32 and a 200-day simple moving average of $7.62. Newell Brands has a 12 month low of $4.22 and a 12 month high of $11.78. The firm has a market cap of $2.23 billion, a PE ratio of -10.25, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. Equities research analysts forecast that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently declared 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Friday, May 30th. Newell Brands's dividend payout ratio is currently -47.46%.

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.