Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $5.61, but opened at $5.13. Newell Brands shares last traded at $5.00, with a volume of 2,335,593 shares.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on NWL shares. Wall Street Zen raised shares of Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Barclays boosted 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 reaffirmed a "sector perform" rating and issued a $9.00 target price on shares of Newell Brands in a research note on Monday, April 28th. UBS Group lifted their price target on shares of Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Truist Financial cut their target price on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Newell Brands presently has an average rating of "Hold" and a consensus price target of $7.81.
Check Out Our Latest Report on Newell Brands
Newell Brands Price Performance
The company has a debt-to-equity ratio of 1.68, a current ratio of 1.13 and a quick ratio of 0.54. The firm has a market cap of $2.00 billion, a PE ratio of -8.11 and a beta of 0.96. The firm has a 50-day simple moving average of $5.60 and a 200 day simple moving average of $6.32.
Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. Newell Brands had a positive return on equity of 9.95% and a negative net margin of 3.26%. The company's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, equities analysts expect that Newell Brands Inc. will post 0.72 EPS for the current year.
Newell Brands Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.9%. Newell Brands's payout ratio is currently -47.46%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in NWL. Massachusetts Financial Services Co. MA raised its stake in Newell Brands by 25.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company's stock valued at $129,249,000 after acquiring an additional 4,273,541 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Newell Brands by 12.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company's stock valued at $126,646,000 after acquiring an additional 2,336,840 shares during the last quarter. FMR LLC raised its stake in Newell Brands by 233.6% during the 4th quarter. FMR LLC now owns 14,527,609 shares of the company's stock valued at $144,695,000 after acquiring an additional 10,172,696 shares during the last quarter. Primecap Management Co. CA raised its stake in Newell Brands by 2.5% during the 1st quarter. Primecap Management Co. CA now owns 14,498,030 shares of the company's stock valued at $89,888,000 after acquiring an additional 351,610 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its stake in shares of Newell Brands by 12.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock worth $127,091,000 after buying an additional 1,363,913 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.
About Newell Brands
(
Get Free Report)
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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