Newell Brands (NASDAQ:NWL) Trading Down 5.7% – Here’s Why

Newell Brands Inc. (NASDAQ:NWL) shares dropped 5.7% on Monday . The stock traded as low as $5.49 and last traded at $5.50. Approximately 995,032 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 7,767,498 shares. The stock had previously closed at $5.83.

Analysts Set New Price Targets

Several research firms have recently commented on NWL. Royal Bank Of Canada set a $4.00 price target on shares of Newell Brands in a report on Thursday, April 9th. UBS Group raised their target price on shares of Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Newell Brands from $5.00 to $3.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Canaccord Genuity Group increased their price target on Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Citigroup raised their price target on Newell Brands from $4.00 to $4.75 and gave the stock a “neutral” rating in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.94.

Newell Brands Price Performance

The company has a 50 day moving average of $4.40 and a two-hundred day moving average of $4.20. The firm has a market cap of $2.38 billion, a P/E ratio of -8.37, a PEG ratio of 7.16 and a beta of 0.87. The company has a quick ratio of 0.51, a current ratio of 1.04 and a debt-to-equity ratio of 1.94.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, May 1st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.04. The business had revenue of $1.55 billion during 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 period in the prior year, the business earned ($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. Sell-side analysts expect that Newell Brands Inc. will post 0.57 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.28 dividend on an annualized basis and a yield of 5.0%. Newell Brands’s dividend payout ratio (DPR) is currently -41.79%.

Insider Activity

In other news, insider Kristine Kay Malkoski sold 10,850 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $3.65, for a total transaction of $39,602.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Melanie Arlene Huet sold 91,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $4.50, for a total transaction of $409,500.00. Following the sale, the insider directly owned 867 shares in the company, valued at approximately $3,901.50. This trade represents a 99.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 202,750 shares of company stock worth $812,396 over the last 90 days. 1.64% of the stock is owned by company insiders.

Institutional Trading of Newell Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP raised its stake in shares of Newell Brands by 139.3% during 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 in the last quarter. Summit Securities Group LLC acquired a new position in Newell Brands during the 4th quarter worth $30,000. Citizens Financial Group Inc. RI bought a new stake in Newell Brands during the fourth quarter valued at about $39,000. HighPoint Advisor Group LLC bought a new stake in Newell Brands during the fourth quarter valued at about $39,000. Finally, 111 Capital acquired a new stake in shares of Newell Brands in the fourth quarter valued at about $39,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

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.