Newell Brands Inc. (NASDAQ:NWL) Receives $7.25 Average Price Target from Analysts

Newell Brands Inc. (NASDAQ:NWL) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.25.

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Newell Brands from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Canaccord Genuity Group cut their price target on shares of Newell Brands from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Wells Fargo & Company raised their price objective on Newell Brands from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Citigroup dropped their target price on Newell Brands from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Finally, UBS Group increased their price target on Newell Brands from $5.00 to $5.50 and gave the company a “neutral” rating in a research report on Thursday, July 17th.

Insiders Place Their Bets

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 52,007 shares of the company’s stock, valued at approximately $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Cooper Creek Partners Management LLC raised its holdings in shares of Newell Brands by 48.8% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock valued at $140,322,000 after purchasing an additional 8,526,698 shares during the period. AQR Capital Management LLC increased its position in Newell Brands by 401.2% during the first quarter. AQR Capital Management LLC now owns 10,588,136 shares of the company’s stock worth $65,382,000 after buying an additional 8,475,385 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Newell Brands by 25.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company’s stock worth $129,249,000 after buying an additional 4,273,541 shares during the last quarter. Norges Bank bought a new stake in Newell Brands in the second quarter valued at approximately $20,196,000. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Newell Brands by 23.5% in the third quarter. Deprince Race & Zollo Inc. now owns 18,670,804 shares of the company’s stock valued at $97,835,000 after buying an additional 3,549,220 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Stock Down 28.0%

NWL stock opened at $3.40 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14 and a quick ratio of 0.57. The stock has a market capitalization of $1.42 billion, a P/E ratio of -56.66 and a beta of 1.02. Newell Brands has a fifty-two week low of $3.09 and a fifty-two week high of $11.78. The business has a 50-day moving average of $5.39 and a 200-day moving average of $5.43.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.88 billion. Newell Brands had a negative net margin of 0.33% and a positive return on equity of 8.64%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. On average, sell-side analysts anticipate that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend was Friday, August 29th. Newell Brands’s dividend payout ratio is presently -47.46%.

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.