Newell Brands Inc. (NASDAQ:NWL) Given Average Recommendation of “Hold” by Brokerages

Shares of Newell Brands Inc. (NASDAQ:NWL) have been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.42.

A number of research firms have issued reports on NWL. Citigroup cut their price target on Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research note on Monday, April 14th. Barclays raised their target price on Newell Brands from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Truist Financial cut their target price on Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on Newell Brands from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, Wall Street Zen raised shares of Newell Brands from a “sell” rating to a “hold” rating in a report on Sunday, May 4th.

Hedge Funds Weigh In On Newell Brands

Several institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in Newell Brands by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,992,076 shares of the company’s stock valued at $39,761,000 after acquiring an additional 178,028 shares during the last quarter. Amundi increased its stake in shares of Newell Brands by 194.4% during the 4th quarter. Amundi now owns 215,597 shares of the company’s stock worth $2,121,000 after purchasing an additional 142,361 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Newell Brands in the 4th quarter worth approximately $9,877,000. Empowered Funds LLC lifted its stake in Newell Brands by 751.9% in the fourth quarter. Empowered Funds LLC now owns 100,251 shares of the company’s stock valued at $999,000 after purchasing an additional 88,483 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC purchased a new position in Newell Brands in the fourth quarter valued at approximately $434,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

Shares of NWL stock opened at $5.33 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The firm has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $7.62. Newell Brands has a 12 month low of $4.22 and a 12 month high of $11.78. The firm has a market capitalization of $2.23 billion, a PE ratio of -10.25, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Newell Brands had a negative net margin of 2.85% and a positive return on equity of 9.76%. Newell Brands’s quarterly revenue was down 5.3% compared to the same quarter last year. Analysts forecast that Newell Brands will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.07 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.28 annualized dividend and a yield of 5.25%. Newell Brands’s dividend payout ratio is currently -47.46%.

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.