Citigroup Cuts Newell Brands (NASDAQ:NWL) Price Target to $5.50

Newell Brands (NASDAQ:NWL) had its price target decreased by Citigroup from $6.00 to $5.50 in a report published on Thursday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group lowered their price target on Newell Brands from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newell Brands in a research report on Wednesday. Wells Fargo & Company lifted their target price on Newell Brands from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. decreased their target price on Newell Brands from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Finally, UBS Group lifted their target price on Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Newell Brands has a consensus rating of “Hold” and an average price target of $7.38.

Newell Brands Trading Down 2.8%

Shares of NASDAQ:NWL opened at $4.84 on Thursday. The company has a market cap of $2.03 billion, a P/E ratio of -8.20 and a beta of 1.02. The stock’s 50-day moving average is $5.54 and its 200-day moving average is $5.48. Newell Brands has a 52-week low of $4.22 and a 52-week high of $11.78. 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 issued its quarterly earnings results on Friday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. Newell Brands had a positive return on equity of 8.48% and a negative net margin of 3.29%.The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. Newell Brands has set its FY 2025 guidance at 0.660-0.70 EPS. Q3 2025 guidance at 0.160-0.19 EPS. Equities research analysts predict that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Friday, August 29th. Newell Brands’s payout ratio is presently -47.46%.

Insiders Place Their Bets

In other Newell Brands news, CEO Melanie Arlene Huet sold 8,800 shares of Newell Brands stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $5.11, for a total transaction of $44,968.00. Following the sale, the chief executive officer directly owned 52,007 shares of the company’s stock, valued at approximately $265,755.77. The trade was a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake 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 acquiring an additional 4,169 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Newell Brands in the second quarter valued at approximately $35,000. Parallel Advisors LLC raised its stake in shares of Newell Brands by 194.3% in the second quarter. Parallel Advisors LLC now owns 8,067 shares of the company’s stock valued at $44,000 after acquiring an additional 5,326 shares during the last quarter. Summit Global Investments bought a new position in shares of Newell Brands in the second quarter valued at approximately $54,000. Finally, HB Wealth Management LLC bought a new position in shares of Newell Brands in the second quarter valued at approximately $55,000. 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.