Newell Brands (NASDAQ:NWL) Trading Up 7.7% - What's Next?

Newell Brands Inc. (NASDAQ:NWL - Get Free Report)'s stock price was up 7.7% during mid-day trading on Monday . The company traded as high as $5.58 and last traded at $5.65. Approximately 906,185 shares were traded during trading, a decline of 88% from the average daily volume of 7,654,495 shares. The stock had previously closed at $5.24.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NWL shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $9.00 price objective on shares of Newell Brands in a research note on Monday, April 28th. Wells Fargo & Company lowered their price target on Newell Brands from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Canaccord Genuity Group reduced their price objective on Newell Brands from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Truist Financial cut their target price 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. Finally, JPMorgan Chase & Co. raised Newell Brands from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $6.00 to $7.00 in a research report on Friday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.53.

Newell Brands Trading Up 10.4%

The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -11.11, a PEG ratio of 0.95 and a beta of 0.97. 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 business has a 50-day moving average of $5.24 and a 200-day moving average of $7.35.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business 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 quarterly revenue was down 5.3% compared to the same quarter last year. As a group, research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.84%. The ex-dividend date was Friday, May 30th. Newell Brands's dividend payout ratio (DPR) is -47.46%.

Institutional Investors Weigh In On Newell Brands

Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Newell Brands by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company's stock valued at $39,761,000 after acquiring an additional 178,028 shares during the last quarter. Amundi lifted its position in shares of Newell Brands by 194.4% during the 4th quarter. Amundi now owns 215,597 shares of the company's stock valued at $2,121,000 after acquiring an additional 142,361 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Newell Brands during the 4th quarter valued at $9,877,000. Empowered Funds LLC raised its stake in Newell Brands by 751.9% during the 4th quarter. Empowered Funds LLC now owns 100,251 shares of the company's stock valued at $999,000 after purchasing an additional 88,483 shares during the period. Finally, AssuredPartners Investment Advisors LLC acquired a new stake in Newell Brands during the 4th quarter valued at $434,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

About Newell Brands

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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