Newell Brands (NASDAQ:NWL) Shares Down 2.5% - What's Next?

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) traded down 2.5% on Tuesday . The company traded as low as $5.38 and last traded at $5.35. 411,207 shares were traded during trading, a decline of 94% from the average session volume of 7,202,172 shares. The stock had previously closed at $5.48.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Truist Financial decreased their target price on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company decreased their target price on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Finally, Citigroup decreased their target price on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating for the company in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Newell Brands has an average rating of "Hold" and a consensus target price of $7.42.

Newell Brands Stock Down 2.2%

The company has a market cap of $2.23 billion, a P/E ratio of -10.25, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.14 and a quick ratio of 0.56. The company's 50-day moving average is $5.32 and its two-hundred day moving average is $7.63.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.06. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The company had revenue of $1.57 billion during 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. As a group, equities analysts predict that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Friday, May 30th. Newell Brands's dividend payout ratio is presently -47.46%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Castlekeep Investment Advisors LLC purchased a new position in shares of Newell Brands during the 4th quarter worth $33,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Newell Brands during the 4th quarter worth $46,000. Farther Finance Advisors LLC boosted its stake 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 worth $38,000 after acquiring an additional 4,169 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Newell Brands by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock worth $79,000 after acquiring an additional 4,617 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Newell Brands during the 4th quarter worth $101,000. Hedge funds and other 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.