Newell Brands (NASDAQ:NWL) Trading Down 8.1% – Here’s What Happened

Newell Brands Inc. (NASDAQ:NWL) shares dropped 8.1% on Thursday . The stock traded as low as $4.98 and last traded at $4.9550. 5,256,203 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 7,859,764 shares. The stock had previously closed at $5.39.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup reaffirmed a “neutral” rating on shares of Newell Brands in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Newell Brands in a report on Friday, May 15th. UBS Group increased their target price on shares of Newell Brands from $4.25 to $4.75 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Canaccord Genuity Group raised their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.38.

Newell Brands Trading Down 8.3%

The firm has a fifty day moving average of $4.67 and a 200-day moving average of $4.34. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.51 and a current ratio of 1.04. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -7.38, a P/E/G ratio of 6.38 and a beta of 0.87.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, May 1st. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. 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, equities analysts predict that Newell Brands Inc. will post 0.57 earnings per share for the current fiscal 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 given 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 yield of 5.7%. Newell Brands’s payout ratio is -41.79%.

Insiders Place Their Bets

In other news, insider Kristine Kay Malkoski sold 10,850 shares of Newell Brands 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 Bradford R. Turner sold 100,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.60, for a total transaction of $360,000.00. Following the transaction, the insider directly owned 464,449 shares in the company, valued at approximately $1,672,016.40. The trade was a 17.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 202,750 shares of company stock worth $812,396 in the last 90 days. 1.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Newell Brands

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its position in Newell Brands by 139.3% in the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock valued at $28,000 after buying an additional 4,317 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Newell Brands during the fourth quarter worth about $30,000. Citizens Financial Group Inc. RI acquired a new position in shares of Newell Brands in the fourth quarter worth about $39,000. HighPoint Advisor Group LLC acquired a new stake in Newell Brands during the 4th quarter valued at approximately $39,000. Finally, 111 Capital purchased a new stake in Newell Brands during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds 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.