Newell Brands (NASDAQ:NWL) Stock Price Up 6.7% – Here’s Why

Newell Brands Inc. (NASDAQ:NWL)’s stock price shot up 6.7% during mid-day trading on Monday . The company traded as high as $3.88 and last traded at $3.8950. 4,176,860 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 9,092,271 shares. The stock had previously closed at $3.65.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NWL shares. Morgan Stanley restated a “hold” rating and issued a $4.25 price target on shares of Newell Brands in a report on Monday, November 3rd. Canaccord Genuity Group lowered their target price on Newell Brands from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Royal Bank Of Canada lowered their price objective on shares of Newell Brands from $8.00 to $4.50 and set a “sector perform” rating for the company in a research report on Monday, November 3rd. Finally, Citigroup dropped their price objective on shares of Newell Brands from $5.50 to $3.50 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.86.

Newell Brands Stock Up 5.3%

The firm’s 50-day simple moving average is $4.33 and its 200 day simple moving average is $5.17. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.14. The stock has a market capitalization of $1.61 billion, a P/E ratio of -64.07 and a beta of 1.02.

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

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, November 28th. Newell Brands’s payout ratio is presently -466.67%.

Institutional Trading of Newell Brands

A number of large investors have recently added to or reduced their stakes in NWL. Rubric Capital Management LP acquired a new position in shares of Newell Brands during the 3rd quarter worth about $68,120,000. Cooper Creek Partners Management LLC grew its holdings in Newell Brands by 48.8% during the second quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock worth $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. Candlestick Capital Management LP bought a new stake in Newell Brands in the third quarter valued at approximately $31,786,000. Finally, Norges Bank bought a new stake in Newell Brands in the second quarter valued at approximately $20,196,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

About Newell Brands

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.