Newell Brands (NASDAQ:NWL) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• Newell Brands has been given a "Sell (D-)" rating by Weiss Ratings, reflecting ongoing concerns about its stock performance.
• Despite the negative rating, various analysts have issued target price adjustments, with Wells Fargo increasing their target to $6.00, while Citigroup and Canaccord Genuity have decreased theirs.
• Newell Brands reported a 4.8% decline in quarterly revenue compared to the previous year, with earnings per share matching analyst estimates at $0.24.

Newell Brands (NASDAQ:NWL - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. Wells Fargo & Company upped their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. UBS Group upped their target price on shares of Newell Brands from $5.00 to $5.50 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Citigroup cut their target price on shares of Newell Brands from $6.00 to $5.50 and set a "neutral" rating for the company in a research report on Thursday, October 9th. JPMorgan Chase & Co. cut their target price on shares of Newell Brands from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Canaccord Genuity Group cut their price target on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Newell Brands presently has a consensus rating of "Hold" and a consensus price target of $7.25.

Newell Brands Stock Performance

Newell Brands stock opened at $4.98 on Friday. Newell Brands has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The firm's fifty day moving average price is $5.50 and its 200-day moving average price is $5.43. The stock has a market cap of $2.09 billion, a P/E ratio of -8.44 and a beta of 1.02. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business earned $0.36 earnings per share. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Equities research analysts forecast that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the completion of the transaction, the chief executive officer owned 52,007 shares of the company's stock, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.71% of the company's stock.

Hedge Funds Weigh In On Newell Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Newell Brands during the second quarter valued at approximately $35,000. Parallel Advisors LLC boosted its holdings in Newell Brands by 194.3% in the second quarter. Parallel Advisors LLC now owns 8,067 shares of the company's stock worth $44,000 after purchasing an additional 5,326 shares during the last quarter. Summit Global Investments purchased a new stake in Newell Brands in the second quarter worth approximately $54,000. Forum Financial Management LP purchased a new stake in Newell Brands in the third quarter worth approximately $54,000. Finally, HB Wealth Management LLC purchased a new stake in Newell Brands in the second quarter worth approximately $55,000. Institutional investors own 92.50% of the company's stock.

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.

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