Newell Brands (NASDAQ:NWL) Shares Up 7.3% - Time to Buy?

Key Points

• Newell Brands shares increased by 7.3% during recent trading, reaching a last price of $5.86, but trading volume saw a significant decline of 94% from the average.
• Barclays raised their price target to $9.00 with an "overweight" rating, while other firms adjusted their targets, contributing to a consensus hold rating with an average target price of $7.44.
• The company announced a quarterly dividend of $0.07 per share, payable on September 15th, which represents a 4.7% dividend yield.

Newell Brands Inc. (NASDAQ:NWL - Get Free Report)'s share price rose 7.3% during trading on Monday . The company traded as high as $5.75 and last traded at $5.86. Approximately 513,802 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 9,072,243 shares. The stock had previously closed at $5.46.

Analyst Ratings Changes

NWL has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their price target on Newell Brands from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Wells Fargo & Company lifted their price target on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. decreased their price target on Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $9.00 price target on shares of Newell Brands in a research note on Monday, April 28th. Finally, Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a research note on Sunday, May 4th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.44.

Newell Brands Trading Up 5.1%

The stock has a market capitalization of $2.42 billion, a P/E ratio of -9.78 and a beta of 0.96. The stock has a 50-day moving average price of $5.55 and a two-hundred day moving average price of $5.78. 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 issued its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, hitting analysts' consensus estimates of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $0.36 EPS. The business'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. On average, research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 4.9%. Newell Brands's payout ratio is currently -47.46%.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the sale, the chief executive officer directly owned 52,007 shares of the company's stock, valued at approximately $265,755.77. The trade was a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NWL. Castlekeep Investment Advisors LLC bought a new position in shares of Newell Brands during the fourth quarter valued at $33,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Newell Brands during the second quarter valued at $35,000. Farther Finance Advisors LLC increased its position in Newell Brands by 212.6% during the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company's stock valued at $38,000 after acquiring an additional 4,169 shares during the last quarter. Parallel Advisors LLC lifted 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 valued at $44,000 after acquiring an additional 5,326 shares during the period. Finally, Summit Global Investments bought a new position in Newell Brands in the second quarter valued at about $54,000. 92.50% of the stock is owned by institutional investors.

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.