The stock of Newell Brands Inc (NASDAQ:NWL) last traded at $7.04, down -1.26% from the previous session.
NWL stock price is now -6.09% away from the 50-day moving average and -16.25% away from the 200-day moving average. The market capitalization of the company currently stands at $2.92B.
With the price target reduced from $10 to $8.50, UBS Downgraded its rating from Buy to Neutral for Newell Brands Inc (NASDAQ: NWL). , while ‘Truist’ rates the stock as ‘Hold’
In other news, Turner Bradford R, Chief Legal & Admin. Officer sold 20,000 shares of the company’s stock on Feb 23 ’24. The stock was sold for $148,600 at an average price of $7.43. Upon completion of the transaction, the Chief Legal & Admin. Officer now directly owns 169,813 shares in the company, valued at $1.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 30 ’23, Chief Legal & Admin. Officer Turner Bradford R sold 20,000 shares of the business’s stock. A total of $137,600 was realized by selling the stock at an average price of $6.88. This leaves the insider owning 152,363 shares of the company worth $1.07 million. A total of 0.33% of the company’s stock is owned by insiders.
During the past 12 months, Newell Brands Inc has had a low of $6.49 and a high of $12.32. As of last week, the company has a debt-to-equity ratio of 1.76, a current ratio of 1.16, and a quick ratio of 0.63.
The net profit margin was -4.77% and return on equity was -11.70% for NWL. The company reported revenue of $2.08 billion for the quarter, compared to $2.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.15 percent.
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 three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr. Coffee, Oster, and Sunbeam brands; small appliances under the Breville brand name in Europe; food and home storage products under the FoodSaver, Rubbermaid, Ball, and Sistema brands; fresh preserving products; vacuum sealing products; and gourmet cookware, bakeware, and cutlery under the Calphalon brand; and home fragrance products under the WoodWick and Yankee Candle brands. The Learning and Development segment offers writing instruments, including markers and highlighters, pens, and pencils; art products; activity-based products; labeling solutions; and baby gear and infant care products under the Dymo, Elmer’s, EXPO, Graco, NUK, Paper Mate, Parker, and Sharpie brands. The Outdoor and Recreation segment provides outdoor and outdoor-related products, inlcuding technical apparel and on-the-go beverageware under the Campingaz, Coleman, Contigo, 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, and sporting goods, 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.
