Newell Brands Inc. (NASDAQ:NWL) Given Average Recommendation of "Hold" by Analysts

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) has earned a consensus recommendation of "Hold" from the ten research firms that are currently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $8.36.

A number of equities research analysts have weighed in on NWL shares. Canaccord Genuity Group raised their price objective on Newell Brands from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Monday, April 29th. Citigroup lowered their price objective on Newell Brands from $8.00 to $6.25 and set a "neutral" rating for the company in a research note on Wednesday. Barclays upgraded Newell Brands from an "underweight" rating to an "equal weight" rating and set a $8.00 target price for the company in a research report on Tuesday, May 14th. Finally, Wells Fargo & Company decreased their target price on Newell Brands from $8.00 to $6.00 and set an "equal weight" rating for the company in a research report on Wednesday.

Newell Brands Stock Up 6.1 %

Shares of NASDAQ:NWL traded up $0.35 during mid-day trading on Thursday, hitting $6.08. 6,157,881 shares of the company traded hands, compared to its average volume of 4,743,492. Newell Brands has a 52-week low of $5.39 and a 52-week high of $11.61. The firm's 50 day simple moving average is $7.23 and its 200 day simple moving average is $7.64. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15. The firm has a market cap of $2.52 billion, a P/E ratio of -8.44, a PEG ratio of 1.14 and a beta of 0.89.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.07). Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm earned ($0.06) EPS. Newell Brands's quarterly revenue was down 5.8% on a year-over-year basis. On average, equities analysts anticipate that Newell Brands will post 0.6 EPS for the current year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.28 dividend on an annualized basis and a yield of 4.61%. Newell Brands's dividend payout ratio is currently -38.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D raised its stake in Newell Brands by 39.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 329,711 shares of the company's stock valued at $2,862,000 after acquiring an additional 93,791 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Newell Brands by 1,213.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 470,989 shares of the company's stock valued at $4,253,000 after acquiring an additional 435,133 shares in the last quarter. Elm Ridge Management LLC raised its stake in Newell Brands by 9.0% during the 4th quarter. Elm Ridge Management LLC now owns 111,717 shares of the company's stock valued at $970,000 after acquiring an additional 9,179 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Newell Brands by 88,271.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 162,604 shares of the company's stock valued at $1,411,000 after acquiring an additional 162,420 shares in the last quarter. Finally, ARGA Investment Management LP raised its stake in Newell Brands by 30.6% during the 1st quarter. ARGA Investment Management LP now owns 687,707 shares of the company's stock valued at $5,522,000 after acquiring an additional 161,313 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company's stock.

About Newell Brands

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.