Newell Brands Inc. (NASDAQ:NWL) Given Average Rating of “Hold” by Analysts

Newell Brands Inc. (NASDAQ:NWL) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $10.81.

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and upped their target price for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Citigroup decreased their price target on Newell Brands from $10.50 to $7.75 and set a “neutral” rating for the company in a research note on Monday, February 10th. Barclays boosted their price objective on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Royal Bank of Canada reduced their target price on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th.

Newell Brands Price Performance

NASDAQ NWL opened at $6.77 on Friday. The company has a 50-day moving average price of $9.25 and a 200-day moving average price of $8.63. Newell Brands has a 52 week low of $5.39 and a 52 week high of $11.78. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $2.82 billion, a P/E ratio of -13.02, a PEG ratio of 0.95 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. During the same quarter in the prior year, the business posted $0.22 EPS. Equities research analysts anticipate that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is -53.85%.

Insider Activity

In related news, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NWL. Castlekeep Investment Advisors LLC acquired a new position in Newell Brands in the 4th quarter worth about $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Newell Brands during the 4th quarter worth approximately $46,000. Venturi Wealth Management LLC purchased a new position in shares of Newell Brands during the 3rd quarter valued at approximately $70,000. Claro Advisors LLC purchased a new stake in Newell Brands in the 3rd quarter worth $79,000. Finally, Smartleaf Asset Management LLC raised its position in Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after acquiring an additional 4,617 shares during the period. Institutional investors and hedge funds 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.