Newell Brands Inc. (NASDAQ:NWL) Receives $10.00 Consensus Price Target from Analysts

Shares of Newell Brands Inc. (NASDAQ:NWL) have earned an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $10.00.

A number of research analysts have recently commented on the company. Canaccord Genuity Group increased their price objective on Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays raised shares of Newell Brands from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their price target for the company from $10.00 to $17.00 in a research report on Monday, December 9th.

Insider Transactions at Newell Brands

In related news, insider Tracy L. Platt sold 23,343 shares of Newell Brands 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. The trade was 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc raised its holdings in Newell Brands by 3.5% during the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock worth $304,000 after purchasing an additional 1,345 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after buying an additional 1,666 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Newell Brands by 5.9% in the 2nd quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock valued at $203,000 after buying an additional 1,762 shares during the period. Arizona State Retirement System boosted its stake in shares of Newell Brands by 2.1% in the second quarter. Arizona State Retirement System now owns 116,226 shares of the company’s stock valued at $745,000 after buying an additional 2,394 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Newell Brands by 26.5% during the third quarter. GAMMA Investing LLC now owns 15,002 shares of the company’s stock worth $115,000 after acquiring an additional 3,142 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Trading Up 0.1 %

NASDAQ NWL opened at $9.99 on Thursday. Newell Brands has a 52 week low of $5.39 and a 52 week high of $11.78. The firm has a 50 day moving average of $9.73 and a two-hundred day moving average of $8.07. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $4.16 billion, a PE ratio of -16.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.90.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $1.95 billion during 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 revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. As a group, research analysts expect that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.07 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.80%. Newell Brands’s payout ratio is -46.67%.

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.