Newell Brands (NASDAQ:NWL) Price Target Raised to $7.00

Newell Brands (NASDAQ:NWL) had its price objective lifted by JPMorgan Chase & Co. from $5.00 to $7.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

NWL has been the subject of several other research reports. Morgan Stanley downgraded Newell Brands from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $4.00 to $3.50 in a research report on Wednesday, May 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Newell Brands in a report on Friday, May 15th. Citigroup restated a “neutral” rating on shares of Newell Brands in a research note on Tuesday. UBS Group lifted their price target on Newell Brands from $4.25 to $4.75 and gave the company a “neutral” rating in a report on Thursday. Finally, Canaccord Genuity Group upped their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.12.

Newell Brands Stock Performance

NASDAQ NWL opened at $5.23 on Thursday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of -7.81, a PEG ratio of 6.43 and a beta of 0.87. The company has a 50 day moving average of $4.60 and a 200-day moving average of $4.30. The company has a current ratio of 1.04, a quick ratio of 0.51 and a debt-to-equity ratio of 1.94. Newell Brands has a 1-year low of $3.07 and a 1-year high of $6.64.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, May 1st. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.04. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.51 billion. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.Newell Brands’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. On average, equities analysts forecast that Newell Brands will post 0.57 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, May 29th. Newell Brands’s dividend payout ratio is -41.79%.

Insider Activity at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.60, for a total transaction of $360,000.00. Following the completion of the sale, the insider directly owned 464,449 shares of the company’s stock, valued at approximately $1,672,016.40. The trade was a 17.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kristine Kay Malkoski sold 10,850 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $3.65, for a total transaction of $39,602.50. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 202,750 shares of company stock worth $812,396 over the last 90 days. Insiders own 1.64% of the company’s stock.

Institutional Investors Weigh In On Newell Brands

Several institutional investors have recently modified their holdings of NWL. AQR Capital Management LLC boosted its stake in Newell Brands by 197.8% in the fourth quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock valued at $78,741,000 after acquiring an additional 14,059,209 shares during the last quarter. Rubric Capital Management LP acquired a new stake in Newell Brands during the 3rd quarter worth $68,120,000. Squarepoint Ops LLC raised its position in shares of Newell Brands by 1,568.3% during the 3rd quarter. Squarepoint Ops LLC now owns 3,795,058 shares of the company’s stock valued at $19,886,000 after acquiring an additional 3,567,581 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Newell Brands by 5.0% during the 4th quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock valued at $186,073,000 after acquiring an additional 2,375,782 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Newell Brands in the 4th quarter valued at $6,696,000. 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.