Newell Brands Inc (NYSE:NWL)’s share price dropped 5.1% during mid-day trading on Friday . The company traded as low as $14.99 and last traded at $15.00. Approximately 6,926,641 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 7,099,183 shares. The stock had previously closed at $15.80.
NWL has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on shares of Newell Brands to $15.00 and set a “hold” rating on the stock in a report on Tuesday, February 19th. Wells Fargo & Co raised 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. Zacks Investment Research cut shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Royal Bank of Canada cut their target price on shares of Newell Brands from $24.00 to $20.00 and set a “sector perform” rating on the stock 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $21.55.
The company has a market cap of $6.66 billion, a P/E ratio of 5.45, a P/E/G 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 quarterly earnings results on Friday, February 15th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.41 by $0.30. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the business earned $0.68 earnings per share. Newell Brands’s revenue was down 6.0% compared to the same quarter last year. On average, research analysts forecast that Newell Brands Inc will post 1.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were paid a $0.23 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $0.92 annualized dividend and a dividend yield of 6.13%. Newell Brands’s payout ratio is currently 33.45%.
Large investors have recently made changes to their positions in the business. AdvisorNet Financial Inc increased its stake in shares of Newell Brands by 945.0% in the fourth quarter. AdvisorNet Financial Inc now owns 5,225 shares of the company’s stock valued at $97,000 after purchasing an additional 4,725 shares during the period. Manning & Napier Group LLC increased its stake in shares of Newell Brands by 3.7% during the fourth quarter. Manning & Napier Group LLC now owns 161,745 shares of the company’s stock valued at $3,006,000 after acquiring an additional 5,843 shares during the period. Gryphon Financial Partners LLC acquired a new position in shares of Newell Brands during the fourth quarter valued at approximately $229,000. State of Tennessee Treasury Department increased its stake in shares of Newell Brands by 5.2% during the fourth quarter. State of Tennessee Treasury Department now owns 410,880 shares of the company’s stock valued at $7,638,000 after acquiring an additional 20,207 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of Newell Brands by 82.1% during the third quarter. Brown Advisory Inc. now owns 45,560 shares of the company’s stock valued at $925,000 after acquiring an additional 20,542 shares during the period. Institutional investors own 98.42% of the company’s stock.
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Newell Brands Company Profile (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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