Analysts Set Newell Brands Inc. (NASDAQ:NWL) Target Price at $5.72

Shares of Newell Brands Inc. (NASDAQ:NWL) have earned an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $5.7222.

Several equities analysts recently weighed in on NWL shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Newell Brands in a research report on Monday, December 15th. Royal Bank Of Canada cut their price objective on shares of Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. Morgan Stanley restated a “hold” rating and issued a $4.25 target price on shares of Newell Brands in a report on Monday, November 3rd. UBS Group cut their price target on shares of Newell Brands from $5.50 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 2nd. Finally, Canaccord Genuity Group decreased their price target on shares of Newell Brands from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, November 3rd.

Newell Brands Stock Performance

Shares of NASDAQ NWL opened at $3.72 on Thursday. The company has a 50-day simple moving average of $3.90 and a 200-day simple moving average of $4.99. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.14 and a quick ratio of 0.57. The company has a market cap of $1.56 billion, a PE ratio of -61.99 and a beta of 0.90. Newell Brands has a 12 month low of $3.07 and a 12 month high of $10.85.

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

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, November 28th. This represents a $0.28 annualized dividend and a yield of 7.5%. Newell Brands’s dividend payout ratio is currently -466.67%.

Institutional Trading of Newell Brands

A number of institutional investors have recently modified their holdings of the company. Hussman Strategic Advisors Inc. purchased a new position in shares of Newell Brands in the 2nd quarter valued at $567,000. Norges Bank acquired a new stake in Newell Brands in the 2nd quarter valued at $20,196,000. Russell Investments Group Ltd. raised its position in Newell Brands by 6.6% in the second quarter. Russell Investments Group Ltd. now owns 3,953,832 shares of the company’s stock valued at $21,354,000 after purchasing an additional 244,584 shares during the period. Cooper Creek Partners Management LLC lifted its stake in shares of Newell Brands by 48.8% during the second quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock worth $140,322,000 after purchasing an additional 8,526,698 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Newell Brands by 388.8% in the second quarter. SG Americas Securities LLC now owns 590,162 shares of the company’s stock worth $3,187,000 after buying an additional 469,427 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.

About Newell Brands

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.