Newell Brands Inc. (NASDAQ:NWL) Receives $6.66 Average Price Target from Brokerages

Shares of Newell Brands Inc. (NASDAQ:NWL) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $6.6562.

A number of analysts have commented on the company. Citigroup lifted their price target on Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Canaccord Genuity Group raised their price objective on Newell Brands from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. UBS Group lifted their target price on Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Barclays upped their target price on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price target on shares of Newell Brands in a report on Monday, August 3rd.

Newell Brands Trading Up 4.9%

Shares of Newell Brands stock opened at $6.17 on Tuesday. The firm’s 50 day simple moving average is $5.66 and its two-hundred day simple moving average is $4.64. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -11.64, a PEG ratio of 1.52 and a beta of 0.88. Newell Brands has a 12-month low of $3.07 and a 12-month high of $7.13. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.20 by $0.22. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. Analysts predict that Newell Brands will post 0.76 EPS for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.07 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.5%. Newell Brands’s dividend payout ratio is presently -52.83%.

Insider Buying and Selling at Newell Brands

In related news, insider Bradford R. Turner sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the completion of the transaction, the insider owned 433,398 shares of the company’s stock, valued at $2,669,731.68. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Newell Brands

Several hedge funds have recently added to or reduced their stakes in NWL. Royal Bank of Canada grew its position in Newell Brands by 29.2% during the 1st quarter. Royal Bank of Canada now owns 775,131 shares of the company’s stock worth $4,800,000 after purchasing an additional 175,178 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Newell Brands by 47.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company’s stock valued at $3,497,000 after buying an additional 181,113 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Newell Brands by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company’s stock valued at $8,073,000 after buying an additional 153,658 shares during the period. Focus Partners Wealth boosted its stake in shares of Newell Brands by 47.0% in the first quarter. Focus Partners Wealth now owns 63,846 shares of the company’s stock worth $396,000 after buying an additional 20,406 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Newell Brands in the first quarter worth about $1,326,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

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.