Newell Brands Inc. (NASDAQ:NWL - Get Free Report)'s stock price rose 6.1% during trading on Wednesday . The company traded as high as $6.18 and last traded at $6.20. Approximately 4,071,094 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 8,964,721 shares. The stock had previously closed at $5.84.
Wall Street Analysts Forecast Growth
NWL has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Newell Brands from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. decreased their target price on shares of Newell Brands from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Canaccord Genuity Group dropped their price target on shares of Newell Brands from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Citigroup reiterated a "neutral" rating and issued a $6.00 price target (up previously from $5.00) on shares of Newell Brands in a report on Tuesday, July 15th. Finally, UBS Group boosted their price objective on shares of Newell Brands from $5.00 to $5.50 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Newell Brands has an average rating of "Moderate Buy" and an average target price of $7.44.
Read Our Latest Analysis on Newell Brands
Newell Brands Price Performance
The company has a market cap of $2.64 billion, a price-to-earnings ratio of -10.68 and a beta of 0.99. The company's 50-day simple moving average is $5.61 and its 200-day simple moving average is $5.68. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57.
Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The business's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share. 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, equities research analysts anticipate that Newell Brands Inc. will post 0.72 EPS for the current year.
Newell Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, August 29th. Newell Brands's payout ratio is presently -47.46%.
Insider Activity at Newell Brands
In related news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total value of $44,968.00. Following the completion of the transaction, the chief executive officer owned 52,007 shares of the company's stock, valued at approximately $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.71% of the company's stock.
Institutional Trading of Newell Brands
Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Sense Advisors Inc. bought a new position in Newell Brands during the 1st quarter worth approximately $10,187,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Newell Brands by 121.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,401 shares of the company's stock valued at $889,000 after acquiring an additional 78,718 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Newell Brands by 12.8% during the 1st quarter. Russell Investments Group Ltd. now owns 3,709,248 shares of the company's stock valued at $22,999,000 after acquiring an additional 420,638 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Newell Brands by 2.4% during the first quarter. Principal Financial Group Inc. now owns 2,064,725 shares of the company's stock worth $12,801,000 after purchasing an additional 48,904 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in Newell Brands in the first quarter worth $620,000. 92.50% of the stock is owned by institutional investors.
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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