Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) traded up 15.6% during trading on Monday . The company traded as high as $6.13 and last traded at $6.04. 1,816,800 shares were traded during trading, a decline of 74% from the average session volume of 6,994,229 shares. The stock had previously closed at $5.22.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on NWL shares. Wells Fargo & Company dropped their target price on shares of Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Barclays boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Truist Financial cut their price target on shares of Newell Brands from $17.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a research report on Monday, April 28th. Finally, UBS Group lowered their price objective 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $7.42.
Get Our Latest Stock Report on Newell Brands
Newell Brands Stock Down 0.1%
The stock has a market cap of $2.47 billion, a P/E ratio of -11.38, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The firm's fifty day moving average is $5.56 and its 200 day moving average is $7.92.
Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.06. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.
Newell Brands Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.28 annualized dividend and a dividend yield of 4.74%. Newell Brands's dividend payout ratio (DPR) is currently -47.46%.
Institutional Trading of Newell Brands
Several institutional investors have recently made changes to their positions in NWL. Castlekeep Investment Advisors LLC acquired a new stake in shares of Newell Brands during the 4th quarter valued at about $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 acquired a new position in Newell Brands in the fourth quarter valued at about $46,000. NBC Securities Inc. boosted its position 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 buying an additional 10,258 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in Newell Brands in the first quarter valued at about $69,000. 92.50% of the stock is currently 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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