Newell Brands Target of Unusually Large Options Trading (NYSE:NWL)

Newell Brands Inc (NYSE:NWL) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 24,075 call options on the company. This is an increase of approximately 1,207% compared to the typical daily volume of 1,842 call options.

A number of equities research analysts have commented on NWL shares. Consumer Edge started coverage on shares of Newell Brands in a report on Wednesday, July 3rd. They set a “hold” rating on the stock. Zacks Investment Research lowered shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.80.

Shares of NWL traded down $0.20 during mid-day trading on Thursday, hitting $14.67. 3,124,903 shares of the company’s stock were exchanged, compared to its average volume of 5,954,208. The firm has a market capitalization of $6.20 billion, a P/E ratio of 5.33, a PEG ratio of 3.82 and a beta of 0.90. Newell Brands has a 52 week low of $13.04 and a 52 week high of $27.04. The stock has a 50-day moving average of $14.78. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98.

Newell Brands (NYSE:NWL) last released its earnings results on Friday, May 3rd. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the business earned $0.34 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Newell Brands will post 1.22 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. SeaBridge Investment Advisors LLC raised its stake in Newell Brands by 11.8% in the second quarter. SeaBridge Investment Advisors LLC now owns 184,452 shares of the company’s stock valued at $2,844,000 after purchasing an additional 19,475 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in Newell Brands by 30.0% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 46,913 shares of the company’s stock valued at $714,000 after acquiring an additional 10,837 shares during the last quarter. KG&L Capital Management LLC bought a new position in Newell Brands in the second quarter valued at about $199,000. Truvestments Capital LLC grew its position in Newell Brands by 21.4% in the second quarter. Truvestments Capital LLC now owns 5,912 shares of the company’s stock valued at $91,000 after acquiring an additional 1,044 shares during the last quarter. Finally, First Hawaiian Bank grew its position in Newell Brands by 10.6% in the second quarter. First Hawaiian Bank now owns 16,155 shares of the company’s stock valued at $249,000 after acquiring an additional 1,551 shares during the last quarter. 98.42% of the stock is owned by institutional investors and hedge funds.

Newell Brands Company Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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