Newell Brands Inc. (NASDAQ:NWL) Receives $8.90 Consensus Target Price from Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL) have received an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.90.

A number of analysts have recently issued reports on NWL shares. Canaccord Genuity Group boosted their target price on Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company boosted their target price on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Citigroup cut Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Truist Financial boosted their target price on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Newell Brands

A number of institutional investors have recently made changes to their positions in the business. CIBC Asset Management Inc raised its position in shares of Newell Brands by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock valued at $304,000 after purchasing an additional 1,345 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of Newell Brands by 5.9% in the 2nd quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock valued at $203,000 after acquiring an additional 1,762 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Newell Brands by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 116,226 shares of the company’s stock valued at $745,000 after acquiring an additional 2,394 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Newell Brands by 3.0% in the 1st quarter. Tidal Investments LLC now owns 83,559 shares of the company’s stock valued at $671,000 after acquiring an additional 2,407 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in shares of Newell Brands by 9.9% in the 2nd quarter. Raymond James Trust N.A. now owns 27,541 shares of the company’s stock valued at $177,000 after acquiring an additional 2,490 shares during the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Stock Down 1.8 %

NWL opened at $8.80 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of -14.67, a price-to-earnings-growth ratio of 0.82 and a beta of 0.89. The business has a 50-day moving average of $7.94 and a two-hundred day moving average of $7.50. Newell Brands has a 12 month low of $5.39 and a 12 month high of $9.68.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. On average, research analysts expect that Newell Brands will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands’s payout ratio is -46.67%.

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.