Victory Capital Management Inc. Grows Holdings in Newell Brands Inc. (NASDAQ:NWL)

Victory Capital Management Inc. increased its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,086 shares of the company’s stock after buying an additional 3,228 shares during the period. Victory Capital Management Inc.’s holdings in Newell Brands were worth $558,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versor Investments LP bought a new stake in shares of Newell Brands in the 2nd quarter worth about $269,000. Elevated Capital Advisors LLC bought a new stake in shares of Newell Brands in the 2nd quarter worth about $468,000. nVerses Capital LLC bought a new stake in shares of Newell Brands in the 2nd quarter worth about $144,000. Commonwealth Equity Services LLC increased its position in shares of Newell Brands by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 112,448 shares of the company’s stock worth $721,000 after purchasing an additional 6,273 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Newell Brands in the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NWL shares. Canaccord Genuity Group boosted their target price on shares of Newell Brands from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted their target price on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Wells Fargo & Company lifted their price target on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.82.

Newell Brands Trading Down 0.5 %

Newell Brands stock opened at $7.44 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $7.33 and a two-hundred day moving average price of $7.34. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of -10.33, a PEG ratio of 1.27 and a beta of 0.91. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $9.47.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.05 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. Newell Brands’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. Sell-side analysts expect that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Friday, August 30th. Newell Brands’s dividend payout ratio is currently -38.89%.

Newell Brands 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.