Newell Brands (NASDAQ:NWL) Given New $7.00 Price Target at Barclays

Newell Brands (NASDAQ:NWL) had its target price increased by Barclays from $6.00 to $7.00 in a report released on Tuesday morning, Benzinga reports. Barclays currently has an underweight rating on the stock.

Several other research firms have also weighed in on NWL. Raymond James lowered shares of Newell Brands from an outperform rating to a market perform rating in a research note on Monday, February 12th. UBS Group cut shares of Newell Brands from a buy rating to a neutral rating and lowered their price objective for the company from $10.00 to $8.50 in a research report on Friday, February 16th. Citigroup lifted their target price on Newell Brands from $7.50 to $8.00 and gave the stock a neutral rating in a report on Monday, April 29th. JPMorgan Chase & Co. increased their price target on Newell Brands from $7.00 to $9.00 and gave the stock a neutral rating in a report on Tuesday, January 9th. Finally, Morgan Stanley cut their price objective on Newell Brands from $8.50 to $7.75 and set an equal weight rating on the stock in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $8.61.

Newell Brands Stock Performance

Shares of Newell Brands stock opened at $7.66 on Tuesday. Newell Brands has a 52 week low of $6.49 and a 52 week high of $11.61. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The firm has a fifty day moving average of $7.50 and a two-hundred day moving average of $7.76.

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

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 3.66%. Newell Brands’s dividend payout ratio is currently -38.89%.

Institutional Trading of Newell Brands

A number of institutional investors have recently made changes to their positions in NWL. FMR LLC increased its position in shares of Newell Brands by 481.6% in the third quarter. FMR LLC now owns 5,406,274 shares of the company’s stock valued at $48,819,000 after acquiring an additional 4,476,644 shares during the last quarter. Norges Bank acquired a new position in shares of Newell Brands during the 4th quarter worth approximately $32,781,000. Pzena Investment Management LLC raised its stake in shares of Newell Brands by 4.5% during the 3rd quarter. Pzena Investment Management LLC now owns 54,796,231 shares of the company’s stock worth $494,810,000 after purchasing an additional 2,373,356 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of Newell Brands by 35.1% in the 4th quarter. Primecap Management Co. CA now owns 8,511,972 shares of the company’s stock valued at $73,884,000 after buying an additional 2,209,672 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Newell Brands by 368.3% in the third quarter. Principal Financial Group Inc. now owns 2,026,362 shares of the company’s stock valued at $18,298,000 after buying an additional 1,593,661 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

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.