Shares of Newell Brands Inc. (NASDAQ:NWL – Get Rating) reached a new 52-week low on Thursday . The stock traded as low as $13.81 and last traded at $13.84, with a volume of 13726 shares traded. The stock had previously closed at $14.43.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. UBS Group lowered their price objective on Newell Brands from $27.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, September 7th. Jefferies Financial Group lowered their price objective on Newell Brands from $34.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, September 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on Newell Brands from $21.00 to $17.00 in a research report on Wednesday, September 7th. Morgan Stanley lowered their price objective on Newell Brands from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 3rd. Finally, Raymond James decreased their target price on Newell Brands from $26.00 to $23.00 in a research report on Wednesday, September 7th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Newell Brands has a consensus rating of "Moderate Buy" and an average price target of $22.00.
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Newell Brands Price Performance
The business has a 50 day simple moving average of $18.41 and a 200-day simple moving average of $20.15. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 8.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.48 and a current ratio of 1.03.
Newell Brands (NASDAQ:NWL – Get Rating) last announced its earnings results on Friday, July 29th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.10. Newell Brands had a return on equity of 19.96% and a net
margin of 6.89%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the business earned $0.56 EPS. The company's revenue was down 7.7% compared to the same quarter last year. Equities research analysts expect that Newell Brands Inc. will post 1.63 earnings per share for the current year.
Newell Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.92 annualized dividend and a yield of 6.62%. Newell Brands's payout ratio is 54.12%.
Insider Buying and Selling at Newell Brands
In other Newell Brands news, Director Courtney Mather sold 50,000 shares of the business's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $18.17, for a total transaction of $908,500.00. Following the sale, the director now owns 10,691 shares of the company's stock, valued at approximately $194,255.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Brett Icahn sold 71,304 shares of the company's stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $16.89, for a total value of $1,204,324.56. Following the completion of the transaction, the director now directly owns 953,003 shares in the company, valued at $16,096,220.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Courtney Mather sold 50,000 shares of the company's stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $18.17, for a total transaction of $908,500.00. Following the sale, the director now owns 10,691 shares of the company's stock, valued at $194,255.47. The disclosure for this sale can be found here. Insiders own 0.58% of the company's stock.
Institutional Trading of Newell Brands
Several institutional investors have recently added to or reduced their stakes in the business. CX Institutional bought a new stake in shares of Newell Brands during the second quarter valued at approximately $25,000. Tcwp LLC purchased a new stake in Newell Brands in the first quarter worth approximately $26,000. Fairfield Bush & CO. purchased a new stake in Newell Brands in the first quarter worth approximately $26,000. Tyler Stone Wealth Management purchased a new stake in Newell Brands in the fourth quarter worth approximately $30,000. Finally, Triumph Capital Management purchased a new stake in Newell Brands in the second quarter worth approximately $32,000. 91.05% of the stock is currently owned by hedge funds and other institutional investors.
About Newell Brands
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Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
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