Newell Brands (NASDAQ:NWL) Price Target Cut to $6.25 by Analysts at Citigroup

Newell Brands (NASDAQ:NWL) had its price target decreased by Citigroup from $8.00 to $6.25 in a report published on Wednesday, Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other brokerages also recently commented on NWL. Barclays raised Newell Brands from an underweight rating to an equal weight rating and set a $8.00 target price on the stock in a report on Tuesday, May 14th. Canaccord Genuity Group upped their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the company a buy rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company lowered their price objective on shares of Newell Brands from $8.00 to $6.00 and set an equal weight rating for the company in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $8.36.

Newell Brands Stock Down 0.2 %

NWL stock opened at $5.73 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48. The business’s 50-day simple moving average is $7.27 and its 200 day simple moving average is $7.65. The company has a market cap of $2.38 billion, a PE ratio of -7.96, a price-to-earnings-growth ratio of 1.14 and a beta of 0.89. Newell Brands has a twelve month low of $5.39 and a twelve month high of $11.61.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) earnings per share. On average, research analysts anticipate that Newell Brands will post 0.6 earnings per share for the current year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.28 annualized dividend and a yield of 4.89%. Newell Brands’s dividend payout ratio (DPR) is currently -38.89%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quarry LP raised its holdings in Newell Brands by 106.2% in the 4th quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after acquiring an additional 2,437 shares during the period. NBC Securities Inc. increased its stake in Newell Brands by 50.5% in the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock valued at $42,000 after acquiring an additional 1,780 shares during the last quarter. Quest Partners LLC bought a new position in Newell Brands in the fourth quarter valued at approximately $45,000. GAMMA Investing LLC acquired a new stake in Newell Brands in the fourth quarter valued at approximately $61,000. Finally, Empowered Funds LLC acquired a new stake in Newell Brands in the first quarter valued at approximately $80,000. 92.50% of the stock is owned by institutional investors.

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.