Newell Brands (NASDAQ:NWL) Price Target Raised to $9.00

Newell Brands (NASDAQ:NWL) had its price objective increased by Barclays from $8.00 to $9.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently weighed in on the company. UBS Group dropped their target price on Newell Brands from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Thursday. Canaccord Genuity Group lowered their price objective on shares of Newell Brands from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday. Citigroup reduced their target price on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $9.00 price target on shares of Newell Brands in a research note on Monday, April 28th. Finally, Wells Fargo & Company decreased their price objective on Newell Brands from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Thursday. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Newell Brands presently has an average rating of “Hold” and a consensus target price of $7.42.

Newell Brands Stock Performance

NASDAQ NWL opened at $5.25 on Friday. The company’s 50 day moving average is $5.73 and its 200-day moving average is $8.05. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64. Newell Brands has a 12-month low of $4.22 and a 12-month high of $11.78. The firm has a market cap of $2.19 billion, a P/E ratio of -10.10, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.01) 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 analyst estimates 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 revenue for the quarter was down 5.3% compared to the same quarter last year. Sell-side analysts predict that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s payout ratio is -47.46%.

Institutional Investors Weigh In On Newell Brands

Institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in Newell Brands by 233.6% during the 4th quarter. FMR LLC now owns 14,527,609 shares of the company’s stock valued at $144,695,000 after buying an additional 10,172,696 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Newell Brands in the 4th quarter valued at $72,431,000. Massachusetts Financial Services Co. MA lifted its stake in Newell Brands by 25.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,846,692 shares of the company’s stock worth $129,249,000 after purchasing an additional 4,273,541 shares in the last quarter. Norges Bank bought a new position in shares of Newell Brands during the 4th quarter valued at about $37,174,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Newell Brands by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company’s stock valued at $180,172,000 after purchasing an additional 3,188,718 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.