JPMorgan Chase & Co. Issues Positive Forecast for Newell Brands (NASDAQ:NWL) Stock Price

Newell Brands (NASDAQ:NWL) had its price target lifted by JPMorgan Chase & Co. from $5.00 to $7.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also issued reports on NWL. Morgan Stanley lowered Newell Brands from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $4.00 to $3.50 in a research report on Wednesday, May 20th. Barclays dropped their price objective on Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Newell Brands in a research note on Friday, May 15th. UBS Group upped their price target on shares of Newell Brands from $4.25 to $4.75 and gave the company a “neutral” rating in a report on Thursday. Finally, Canaccord Genuity Group boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.12.

Newell Brands Stock Performance

Newell Brands stock opened at $5.43 on Thursday. The firm has a market capitalization of $2.31 billion, a PE ratio of -8.10, a price-to-earnings-growth ratio of 6.34 and a beta of 0.87. Newell Brands has a one year low of $3.07 and a one year high of $6.64. The stock’s 50 day moving average price is $4.58 and its 200 day moving average price is $4.29. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.51 and a current ratio of 1.04.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. Newell Brands had a negative net margin of 3.91% and a positive return on equity of 8.89%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) earnings per share. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. As a group, sell-side analysts expect that Newell Brands will post 0.57 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.28 annualized dividend and a dividend yield of 5.2%. Newell Brands’s dividend payout ratio is -41.79%.

Insider Activity at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of Newell Brands stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.60, for a total transaction of $360,000.00. Following the completion of the sale, the insider owned 464,449 shares of the company’s stock, valued at $1,672,016.40. This trade represents a 17.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kristine Kay Malkoski sold 10,850 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $3.65, for a total transaction of $39,602.50. The disclosure for this sale is available in the SEC filing. Insiders sold 202,750 shares of company stock valued at $812,396 over the last 90 days. 1.64% of the stock is currently owned by corporate insiders.

Institutional Trading of Newell Brands

Institutional investors have recently bought and sold shares of the company. Quarry LP increased its position in Newell Brands by 139.3% in the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock worth $28,000 after purchasing an additional 4,317 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Newell Brands during the 4th quarter valued at about $30,000. Citizens Financial Group Inc. RI bought a new stake in shares of Newell Brands in the 4th quarter valued at approximately $39,000. HighPoint Advisor Group LLC bought a new stake in shares of Newell Brands in the 4th quarter valued at approximately $39,000. Finally, 111 Capital acquired a new position in Newell Brands in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.