Barclays Issues Positive Forecast for Newell Brands (NASDAQ:NWL) Stock Price

Newell Brands (NASDAQ:NWL) had its price objective lifted by Barclays from $10.00 to $11.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently issued reports on NWL. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Canaccord Genuity Group upped their target price on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group lifted their price target on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company upped their price objective on Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price objective on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.70.

Newell Brands Stock Down 0.4 %

Shares of NWL opened at $10.12 on Friday. The business’s 50 day moving average is $9.90 and its 200 day moving average is $8.27. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. Newell Brands has a 12-month low of $5.39 and a 12-month high of $11.78. The company has a market capitalization of $4.21 billion, a PE ratio of -16.87, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Research analysts expect that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.07 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.77%. Newell Brands’s payout ratio is -46.67%.

Insider Activity

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the transaction, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Institutional Trading of Newell Brands

A number of hedge funds have recently added to or reduced their stakes in NWL. Victory Capital Management Inc. raised its stake in Newell Brands by 3.8% in the second quarter. Victory Capital Management Inc. now owns 87,086 shares of the company’s stock worth $558,000 after buying an additional 3,228 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Newell Brands by 28.9% during the 2nd quarter. American Century Companies Inc. now owns 27,864 shares of the company’s stock worth $179,000 after purchasing an additional 6,247 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Newell Brands by 29.2% during the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after purchasing an additional 2,668,384 shares in the last quarter. Argent Trust Co bought a new stake in Newell Brands during the second quarter valued at about $142,000. Finally, Seven Eight Capital LP grew its stake in Newell Brands by 292.2% in the second quarter. Seven Eight Capital LP now owns 135,571 shares of the company’s stock valued at $869,000 after purchasing an additional 101,003 shares during the last quarter. 92.50% of the stock is owned by hedge funds and other institutional investors.

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.