Barclays Boosts Newell Brands (NASDAQ:NWL) Price Target to $11.00

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

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

Newell Brands Trading Down 0.4 %

NASDAQ NWL opened at $10.12 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The stock has a market cap of $4.21 billion, a P/E ratio of -16.87, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. The stock has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $8.31.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. On average, analysts forecast that Newell Brands will post 0.65 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 2.77%. Newell Brands’s payout ratio is presently -46.67%.

Insider Transactions at Newell Brands

In other news, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tracy L. Platt sold 23,343 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Newell Brands

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP raised its stake in Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after buying an additional 4,056 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after acquiring an additional 1,666 shares during the period. Venturi Wealth Management LLC purchased a new stake in Newell Brands during the third quarter valued at $70,000. Claro Advisors LLC bought a new position in Newell Brands in the third quarter valued at about $79,000. Finally, Atomi Financial Group Inc. purchased a new position in Newell Brands in the third quarter worth about $79,000. Institutional investors own 92.50% of the company’s stock.

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.