Zacks Research Downgrades Newell Brands (NASDAQ:NWL) to Hold

Newell Brands (NASDAQ:NWL) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Other equities analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Newell Brands from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, August 26th. Barclays raised their target price on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen raised Newell Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price objective on shares of Newell Brands in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.66.

Newell Brands Price Performance

NASDAQ:NWL opened at $5.94 on Monday. The stock has a 50 day moving average of $5.70 and a two-hundred day moving average of $4.66. Newell Brands has a 12 month low of $3.07 and a 12 month high of $7.13. The firm has a market cap of $2.53 billion, a P/E ratio of -11.21, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.20 by $0.22. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. On average, analysts expect that Newell Brands will post 0.76 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Bradford R. Turner sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the sale, the insider owned 433,398 shares in the company, valued at $2,669,731.68. This trade represents a 18.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Corient Private Wealth LP raised its stake in shares of Newell Brands by 532.5% in the 2nd quarter. Corient Private Wealth LP now owns 220,800 shares of the company’s stock valued at $1,356,000 after acquiring an additional 185,892 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Newell Brands in the 2nd quarter valued at approximately $171,000. California State Teachers Retirement System increased its holdings in Newell Brands by 497.8% in the 2nd quarter. California State Teachers Retirement System now owns 2,991,979 shares of the company’s stock valued at $18,371,000 after purchasing an additional 2,491,493 shares during the last quarter. HB Wealth Management LLC raised its position in Newell Brands by 34.7% in the second quarter. HB Wealth Management LLC now owns 38,583 shares of the company’s stock valued at $237,000 after purchasing an additional 9,935 shares during the period. Finally, AXQ Capital LP purchased a new stake in Newell Brands in the second quarter valued at approximately $3,851,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.