Newell Brands (NASDAQ:NWL) Price Target Raised to $6.00 at Citigroup

Newell Brands (NASDAQ:NWL) had its price objective increased by Citigroup from $5.50 to $6.00 in a research note published on Tuesday morning, MarketBeat reports. Citigroup currently has a neutral rating on the stock.

Several other analysts have also recently commented on NWL. Wells Fargo & Company lifted their target price on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Canaccord Genuity Group dropped their target price on Newell Brands from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, August 4th. UBS Group raised their price target on Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.44.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $5.86 on Tuesday. Newell Brands has a one year low of $4.22 and a one year high of $11.78. The stock has a market cap of $2.46 billion, a PE ratio of -9.93 and a beta of 0.99. The business’s fifty day moving average price is $5.72 and its two-hundred day moving average price is $5.64. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.57 and a current ratio of 1.12.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. On average, analysts forecast that Newell Brands will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.28 annualized dividend and a yield of 4.8%. Newell Brands’s dividend payout ratio is currently -47.46%.

Insider Activity

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the transaction, the chief executive officer owned 52,007 shares of the company’s stock, valued at approximately $265,755.77. This trade represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Newell Brands

Institutional investors have recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new position in shares of Newell Brands during the fourth quarter worth about $33,000. Caitong International Asset Management Co. Ltd acquired a new stake in Newell Brands in the second quarter worth approximately $35,000. Farther Finance Advisors LLC lifted its holdings in shares of Newell Brands by 212.6% in the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after buying an additional 4,169 shares during the period. Parallel Advisors LLC boosted its position in shares of Newell Brands by 194.3% during the 2nd quarter. Parallel Advisors LLC now owns 8,067 shares of the company’s stock valued at $44,000 after purchasing an additional 5,326 shares in the last quarter. Finally, Summit Global Investments bought a new stake in Newell Brands during the second quarter worth approximately $54,000. 92.50% of the stock is owned by institutional investors.

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.