Newell Brands (NASDAQ:NWL) Stock Price Expected to Rise, Citigroup Analyst Says

Newell Brands (NASDAQ:NWL) had its price objective boosted by Citigroup from $5.50 to $6.00 in a research report report published on Tuesday, Marketbeat.com reports. They currently have a neutral rating on the stock.

NWL has been the subject of several other research reports. Canaccord Genuity Group reduced 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. JPMorgan Chase & Co. reduced their target price on shares of Newell Brands from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Wells Fargo & Company lifted their price target on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. 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 report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.44.

Newell Brands Price Performance

NASDAQ NWL opened at $5.80 on Tuesday. The business’s fifty day moving average price is $5.71 and its 200-day moving average price is $5.63. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -9.83 and a beta of 0.99. 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 has a 1-year low of $4.22 and a 1-year high of $11.78.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.Newell Brands’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 analysts predict that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a yield of 4.8%. Newell Brands’s payout ratio is currently -47.46%.

Insiders Place Their Bets

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the completion of the sale, the chief executive officer directly owned 52,007 shares of the company’s stock, valued at $265,755.77. This trade represents a 14.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is owned by insiders.

Hedge Funds Weigh In On Newell Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cooper Creek Partners Management LLC grew its stake in Newell Brands by 48.8% during the second quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock valued at $140,322,000 after acquiring an additional 8,526,698 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Newell Brands by 25.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company’s stock valued at $129,249,000 after purchasing an additional 4,273,541 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Newell Brands by 12.9% during the first quarter. Dimensional Fund Advisors LP now owns 20,426,137 shares of the company’s stock valued at $126,646,000 after purchasing an additional 2,336,840 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of Newell Brands by 3.3% in the second quarter. Primecap Management Co. CA now owns 14,972,100 shares of the company’s stock worth $80,849,000 after purchasing an additional 474,070 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Newell Brands by 3.4% in the second quarter. State Street Corp now owns 14,568,603 shares of the company’s stock worth $78,670,000 after buying an additional 474,995 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

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.