The price of Newell Brands Inc (NASDAQ:NWL) shares last traded on Wall Street rose 0.70% to $7.20.
Based on available information, 12 analysts follow Newell Brands Inc (NASDAQ:NWL). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $6.00, we find $11.00. Given the previous closing price of $7.15, this indicates a potential upside of 53.85 percent. NWL stock price is now -19.55% away from the 50-day moving average and -34.11% away from the 200-day moving average. The market capitalization of the company currently stands at $2.98B.
Among analysts, 7 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $11.50 as their price target over the next twelve months.
With the price target reduced from $13 to $10, Raymond James Downgraded its rating from Strong Buy to Outperform for Newell Brands Inc (NASDAQ: NWL).
In other news, Erceg Mark J, Chief Financial Officer bought 90,585 shares of the company’s stock on May 04. The stock was bought for $904,038 at an average price of $9.98. Upon completion of the transaction, the Chief Financial Officer now directly owns 243,725 shares in the company, valued at $1.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03, Chief Financial Officer Erceg Mark J bought 9,515 shares of the business’s stock. A total of $95,055 was incurred on buying the stock at an average price of $9.99. This leaves the insider owning 153,140 shares of the company worth $1.1 million. Insiders disposed of 680,484 shares of company stock worth roughly $4.9 million over the past 1 year. A total of 0.29% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NWL stock. A new stake in Newell Brands Inc shares was purchased by M&G INVESTMENT MANAGEMENT LTD during the first quarter worth $7,445,000. MARSHALL WACE, LLP invested $6,954,000 in shares of NWL during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Newell Brands Inc valued at approximately $5,216,000. TWO SIGMA INVESTMENTS, LP acquired a new stake in NWL for approximately $4,754,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in NWL valued at around $3,555,000 in the second quarter. In total, there are 735 active investors with 95.03% ownership of the company’s stock.
A candlestick chart of Newell Brands Inc (NASDAQ: NWL) showed a price of $7.09 on Wednesday morning. During the past 12 months, Newell Brands Inc has had a low of $6.68 and a high of $16.75. As of last week, the company has a debt-to-equity ratio of 1.80, a current ratio of 1.25, and a quick ratio of 0.62. The fifty day moving average price for NWL is $8.89 and a two-hundred day moving average price translates $10.89 for the stock.
The latest earnings results from Newell Brands Inc (NASDAQ: NWL) was released for Jun, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.24, beating analysts’ expectations of $0.13 by 0.11. This compares to $0.48 EPS in the same period last year. The net profit margin was -3.53% and return on equity was -8.32% for NWL. The company reported revenue of $2.2 billion for the quarter, compared to $2.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.02 percent. For the current quarter, analysts expect NWL to generate $2.12B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 08/31/2023 were paid a $0.07 dividend. On an annualized basis, this represents a $0.48 dividend and a 6.64% percent yield. There was an ex-dividend date of 08/30/2023 for this dividend. In terms of dividend payout ratio, NWL is presently at 194.92%.
Newell Brands Inc(NWL) Company Profile
Newell Brands Inc. engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company 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 connected home and security products under the Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands. The Home Appliances segment offers kitchen appliances under the Calphalon, Crockpot, Mr. Coffee, Oster, and Sunbeam brands. The Home Solutions segment provides food and home storage; fresh preserving; vacuum sealing; and gourmet cookware, bakeware, cutlery, and home fragrance products under the Ball, Calphalon, Chesapeake Bay Candle, FoodSaver, Rubbermaid, Sistema, WoodWick, and Yankee Candle brands. The Learning and Development segment offers writing instruments, including markers and highlighters, pens, and pencils; art products; activity-based adhesive and cutting products; labeling solutions; and baby gear and infant care products under the Aprica, Baby Jogger, Dymo, Elmer’s, EXPO, Graco, Mr. Sketch, NUK, Paper Mate, Parker, Prismacolor, Sharpie, Tigex, Waterman, and X-Acto brands. The Outdoor and Recreation segment provides outdoor and outdoor-related products under the Campingaz, Coleman, Contigo, ExOfficio, and Marmot brands. It serves warehouse clubs, department and drug/grocery stores, mass merchants, home centers, commercial products distributors, specialty retailers, office superstores and supply stores, contract stationers, e-commerce retailers, sporting goods, and travel retailers, as well as direct to consumers online, select contract customers, and other professional customers. Newell Brands Inc. was founded in 1903 and is based in Atlanta, Georgia.
