Shares of Newell Brands Inc (NYSE:NWL) reached a new 52-week low on Wednesday . The company traded as low as $13.48 and last traded at $13.52, with a volume of 271193 shares. The stock had previously closed at $14.32.
NWL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Newell Brands from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Wells Fargo & Co increased their target price on shares of Newell Brands from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Jefferies Financial Group reiterated a “hold” rating and set a $15.00 target price on shares of Newell Brands in a report on Thursday, March 14th. Barclays set a $16.00 target price on shares of Newell Brands and gave the stock a “hold” rating in a report on Tuesday, February 19th. Finally, Citigroup set a $24.00 target price on shares of Newell Brands and gave the stock a “buy” rating in a report on Wednesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Newell Brands currently has an average rating of “Hold” and an average price target of $20.80.
The company has a market capitalization of $6.37 billion, a PE ratio of 4.91, a PEG ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98.Newell Brands (NYSE:NWL) last announced its earnings results on Friday, May 3rd. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities analysts anticipate that Newell Brands Inc will post 1.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date is Thursday, May 30th. Newell Brands’s dividend payout ratio is 33.45%.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC increased its position in shares of Newell Brands by 53.0% during the first quarter. Advisory Services Network LLC now owns 53,635 shares of the company’s stock valued at $823,000 after acquiring an additional 18,569 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Newell Brands by 3.0% during the first quarter. Nordea Investment Management AB now owns 79,953 shares of the company’s stock valued at $1,227,000 after acquiring an additional 2,318 shares in the last quarter. Redwood Investment Management LLC increased its position in shares of Newell Brands by 107.2% during the first quarter. Redwood Investment Management LLC now owns 81,559 shares of the company’s stock valued at $1,251,000 after acquiring an additional 42,204 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Newell Brands during the first quarter valued at approximately $750,000. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of Newell Brands by 421.8% during the first quarter. Schonfeld Strategic Advisors LLC now owns 59,865 shares of the company’s stock valued at $919,000 after acquiring an additional 48,392 shares in the last quarter. 98.42% of the stock is owned by institutional investors and hedge funds.
About Newell Brands (NYSE:NWL)
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company’s Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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