Newell Brands Sees Unusually High Options Volume (NASDAQ:NWL)

Newell Brands Inc. (NASDAQ:NWL) saw unusually large options trading activity on Monday. Stock traders acquired 4,004 put options on the company. This is an increase of approximately 81% compared to the typical daily volume of 2,209 put options.

Wall Street Analyst Weigh In

NWL has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their target price on shares of Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Morgan Stanley reaffirmed a “hold” rating and set a $4.25 price objective on shares of Newell Brands in a report on Monday, November 3rd. 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. Finally, Canaccord Genuity Group decreased their target price on Newell Brands from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.86.

Institutional Investors Weigh In On Newell Brands

A number of hedge funds have recently added to or reduced their stakes in the company. Cooper Creek Partners Management LLC boosted its holdings in Newell Brands by 48.8% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock valued at $140,322,000 after purchasing an additional 8,526,698 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Newell Brands by 401.2% in the 1st quarter. AQR Capital Management LLC now owns 10,588,136 shares of the company’s stock valued at $65,382,000 after buying an additional 8,475,385 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 valued at $129,249,000 after buying an additional 4,273,541 shares during the period. Norges Bank purchased a new stake in shares of Newell Brands in the second quarter valued at approximately $20,196,000. Finally, Deprince Race & Zollo Inc. grew its holdings in Newell Brands by 23.5% during the third quarter. Deprince Race & Zollo Inc. now owns 18,670,804 shares of the company’s stock worth $97,835,000 after acquiring an additional 3,549,220 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Trading Up 1.9%

Shares of NWL stock opened at $3.23 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $1.35 billion, a P/E ratio of -53.82 and a beta of 1.02. The business’s 50 day moving average is $5.06 and its two-hundred day moving average is $5.36. Newell Brands has a twelve month low of $3.07 and a twelve month high of $11.78.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Newell Brands had a positive return on equity of 8.64% and a negative net margin of 0.33%.The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the company posted $0.16 EPS. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. Equities analysts forecast that Newell Brands will post 0.72 EPS for the current year.

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.