Newell Brands (NASDAQ:NWL) Downgraded to “Hold” Rating by Zacks Research

Newell Brands (NASDAQ:NWL) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

NWL has been the topic of a number of other research reports. Citigroup upped their price objective on Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Morgan Stanley reissued an “underweight” rating and set a $5.75 target price on shares of Newell Brands in a research note on Thursday, August 6th. Royal Bank Of Canada upped their price target on Newell Brands from $4.00 to $5.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, UBS Group boosted their price objective on Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.66.

Newell Brands Stock Down 5.0%

Shares of NASDAQ:NWL opened at $5.94 on Monday. The firm has a market capitalization of $2.53 billion, a PE ratio of -11.21, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89. Newell Brands has a 1 year low of $3.07 and a 1 year high of $7.13. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59. The firm’s 50-day moving average is $5.70 and its two-hundred day moving average is $4.66.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.22. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.24 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. Analysts predict that Newell Brands will post 0.76 EPS for the current year.

Insider Activity at Newell Brands

In other news, insider Bradford R. Turner sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total transaction of $616,000.00. Following the sale, the insider owned 433,398 shares of the company’s stock, valued at approximately $2,669,731.68. This trade represents a 18.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.64% of the company’s stock.

Hedge Funds Weigh In On Newell Brands

Several hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC lifted its position in Newell Brands by 510.3% in the fourth quarter. Intech Investment Management LLC now owns 483,491 shares of the company’s stock valued at $1,799,000 after acquiring an additional 404,269 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Newell Brands during the first quarter worth about $638,000. Weiss Asset Management LP acquired a new stake in shares of Newell Brands during the first quarter worth about $1,261,000. Pzena Investment Management LLC purchased a new stake in shares of Newell Brands in the 2nd quarter valued at about $294,663,000. Finally, Sei Investments Co. boosted its position in shares of Newell Brands by 79.6% in the 1st quarter. Sei Investments Co. now owns 1,062,207 shares of the company’s stock valued at $3,643,000 after purchasing an additional 470,631 shares during the period. 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.