Newell Brands Inc. (NYSE:NWL) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 23,764,792 shares, an increase of 16.4% from the November 15th total of 20,420,164 shares. Based on an average daily trading volume, of 7,915,135 shares, the days-to-cover ratio is currently 3.0 days. Approximately 4.9% of the shares of the company are sold short.

A number of research firms have recently weighed in on NWL. Morgan Stanley cut their target price on Newell Brands from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Royal Bank of Canada reiterated a “top pick” rating and set a $60.00 target price on shares of Newell Brands in a research report on Tuesday, August 29th. TheStreet downgraded Newell Brands from a “b-” rating to a “c+” rating in a research report on Tuesday, November 14th. Zacks Investment Research downgraded Newell Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Finally, Forward View reiterated a “buy” rating and set a $35.00 target price on shares of Newell Brands in a research report on Sunday, November 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $46.73.

Shares of Newell Brands (NYSE NWL) opened at $30.59 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. Newell Brands has a 1 year low of $27.45 and a 1 year high of $55.08. The firm has a market capitalization of $15,050.00, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.23 and a beta of 1.10.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. Newell Brands’s quarterly revenue was down 7.0% compared to the same quarter last year. analysts predict that Newell Brands will post 2.81 earnings per share for the current year.

Newell Brands announced that its Board of Directors has authorized a stock repurchase program on Tuesday, September 26th that allows the company to buyback $256.00 million in shares. This buyback authorization allows the company to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 3.01%. Newell Brands’s dividend payout ratio is currently 35.52%.

In other news, CEO Michael B. Polk acquired 7,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $28.22 per share, with a total value of $197,540.00. Following the acquisition, the chief executive officer now directly owns 616,296 shares in the company, valued at approximately $17,391,873.12. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.97% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Newell Brands by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 47,877,545 shares of the company’s stock worth $2,567,193,000 after buying an additional 1,305,820 shares during the last quarter. Capital World Investors lifted its position in shares of Newell Brands by 2.0% during the 2nd quarter. Capital World Investors now owns 31,195,887 shares of the company’s stock worth $1,672,723,000 after buying an additional 610,973 shares during the last quarter. BlackRock Inc. lifted its position in shares of Newell Brands by 1.8% during the 2nd quarter. BlackRock Inc. now owns 30,518,491 shares of the company’s stock worth $1,636,402,000 after buying an additional 543,779 shares during the last quarter. FMR LLC lifted its position in shares of Newell Brands by 0.5% during the 2nd quarter. FMR LLC now owns 11,462,512 shares of the company’s stock worth $614,621,000 after buying an additional 52,553 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Newell Brands by 2.9% in the 3rd quarter. American Century Companies Inc. now owns 7,946,423 shares of the company’s stock worth $339,074,000 after purchasing an additional 225,484 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

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Newell Brands Company Profile

Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.

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