Newell Brands Inc. (NASDAQ:NWL - Get Free Report)'s stock price fell 4% during mid-day trading on Thursday . The company traded as low as $5.45 and last traded at $5.45. 1,646,534 shares traded hands during trading, a decline of 78% from the average session volume of 7,584,430 shares. The stock had previously closed at $5.68.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Truist Financial decreased their price target on Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays boosted their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $9.00 price target on shares of Newell Brands in a research report on Monday, April 28th. Citigroup cut their price objective on shares of Newell Brands from $7.75 to $4.75 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Canaccord Genuity Group decreased their price objective on Newell Brands from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Newell Brands has a consensus rating of "Hold" and an average price target of $7.53.
Get Our Latest Report on Newell Brands
Newell Brands Price Performance
The business's 50 day moving average is $5.23 and its two-hundred day moving average is $7.41. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The firm has a market capitalization of $2.24 billion, a PE ratio of -10.36, a price-to-earnings-growth ratio of 0.95 and a beta of 0.97.
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. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. Newell Brands's revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.
Newell Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.22%. Newell Brands's dividend payout ratio is -47.46%.
Institutional Trading of Newell Brands
Several hedge funds and other institutional investors have recently bought and sold shares of NWL. Arizona State Retirement System grew its stake in shares of Newell Brands by 0.9% during the fourth quarter. Arizona State Retirement System now owns 120,668 shares of the company's stock valued at $1,202,000 after buying an additional 1,125 shares during the last quarter. Signaturefd LLC boosted its holdings in Newell Brands by 12.4% during the 4th quarter. Signaturefd LLC now owns 14,025 shares of the company's stock valued at $140,000 after acquiring an additional 1,550 shares during the period. Quadrant Capital Group LLC grew its position in Newell Brands by 14.5% during the 4th quarter. Quadrant Capital Group LLC now owns 13,551 shares of the company's stock worth $135,000 after acquiring an additional 1,713 shares during the last quarter. CIBC Asset Management Inc increased its stake in Newell Brands by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 41,346 shares of the company's stock worth $412,000 after purchasing an additional 1,756 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Newell Brands by 10.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 18,149 shares of the company's stock worth $181,000 after purchasing an additional 1,780 shares during the period. Hedge funds and other institutional investors own 92.50% of the company's stock.
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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