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

Shares of Newell Brands Inc. (NASDAQ:NWL) have received an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $7.42.

Several brokerages recently issued reports on NWL. Barclays lifted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. StockNews.com raised shares of Newell Brands from a “sell” rating to a “hold” rating in a research note on Sunday. Citigroup lowered their price target on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a report on Monday, April 14th. Canaccord Genuity Group cut their price objective on Newell Brands from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Truist Financial reduced their price objective 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.

Institutional Investors Weigh In On Newell Brands

A number of institutional investors have recently modified their holdings of NWL. 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 worth $144,695,000 after acquiring an additional 10,172,696 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Newell Brands during the 4th quarter valued at about $72,431,000. Massachusetts Financial Services Co. MA grew its stake in Newell Brands by 25.8% during the first 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 during the period. Norges Bank acquired a new stake in Newell Brands during the fourth quarter worth approximately $37,174,000. Finally, Dimensional Fund Advisors LP increased its holdings in Newell Brands by 21.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company’s stock worth $180,172,000 after purchasing an additional 3,188,718 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Newell Brands Stock Down 2.2 %

Shares of NASDAQ NWL opened at $4.99 on Wednesday. Newell Brands has a 52 week low of $4.22 and a 52 week high of $11.78. The stock’s fifty day moving average is $5.67 and its 200 day moving average is $8.01. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The stock has a market capitalization of $2.08 billion, a P/E ratio of -9.60, a PEG ratio of 0.95 and a beta of 0.92.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. Sell-side analysts forecast that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 5.61%. Newell Brands’s payout ratio is -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.