Newell Brands (NASDAQ:NWL) Trading Down 5.1% - Here's Why

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) dropped 5.1% on Monday . The stock traded as low as $5.21 and last traded at $5.14. Approximately 1,780,134 shares traded hands during trading, a decline of 77% from the average daily volume of 7,717,420 shares. The stock had previously closed at $5.41.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on 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. Royal Bank Of Canada restated a "sector perform" rating and issued a $9.00 target price on shares of Newell Brands in a report on Monday, April 28th. Wall Street Zen raised Newell Brands from a "sell" rating to a "hold" rating in a research report on Sunday, May 4th. UBS Group dropped their price target on shares of Newell Brands from $5.50 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, Truist Financial decreased their price objective on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Newell Brands currently has an average rating of "Hold" and an average price target of $7.53.

Newell Brands Trading Up 1.6%

The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.54 and a current ratio of 1.13. The company's 50 day moving average is $5.34 and its 200 day moving average is $7.14. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -8.81 and a beta of 0.97.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. Newell Brands had a negative net margin of 3.26% and a positive return on equity of 9.95%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. The business's quarterly revenue was down 5.3% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend was Friday, May 30th. Newell Brands's payout ratio is presently -47.46%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in Newell Brands in the 4th quarter valued at $33,000. Farther Finance Advisors LLC boosted its position 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 valued at $38,000 after acquiring an additional 4,169 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Newell Brands in the fourth quarter valued at about $46,000. NBC Securities Inc. increased its stake in Newell Brands by 146,542.9% in the first quarter. NBC Securities Inc. now owns 10,265 shares of the company's stock valued at $63,000 after acquiring an additional 10,258 shares during the period. Finally, Vident Advisory LLC acquired a new position in Newell Brands in the first quarter worth about $66,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

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.