Newell Brands (NASDAQ:NWL) Stock Price Expected to Rise, Barclays Analyst Says

Newell Brands (NASDAQ:NWL) had its price objective raised by Barclays from $10.00 to $11.00 in a report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

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

Newell Brands Stock Performance

Shares of Newell Brands stock opened at $10.12 on Friday. The company has a 50 day moving average price of $9.90 and a 200 day moving average price of $8.27. The firm has a market capitalization of $4.21 billion, a P/E ratio of -16.87, a PEG ratio of 0.86 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. Newell Brands has a 52 week low of $5.39 and a 52 week high of $11.78.

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

Newell Brands Announces Dividend

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

Insiders Place Their Bets

In other news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Newell Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP raised its position in shares of Newell Brands by 104.4% in the second 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. Venturi Wealth Management LLC purchased a new stake in Newell Brands during the 3rd quarter valued at about $70,000. Atomi Financial Group Inc. purchased a new stake in Newell Brands during the 3rd quarter valued at about $79,000. Claro Advisors LLC acquired a new stake in Newell Brands in the 3rd quarter valued at about $79,000. Finally, Versant Capital Management Inc lifted its stake in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after purchasing an additional 1,666 shares in the last quarter. Hedge funds and other 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.