Newell Brands (NASDAQ:NWL) Trading Down 4.5%

Newell Brands Inc. (NASDAQ:NWL - Get Free Report)'s stock price dropped 4.5% on Tuesday . The stock traded as low as $5.88 and last traded at $5.88. Approximately 306,012 shares changed hands during trading, a decline of 93% from the average daily volume of 4,667,330 shares. The stock had previously closed at $6.16.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NWL shares. Canaccord Genuity Group raised their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Monday, April 29th. Barclays upgraded Newell Brands from an "underweight" rating to an "equal weight" rating and set a $8.00 price target on the stock in a research report on Tuesday, May 14th. Wells Fargo & Company increased their target price on Newell Brands from $7.00 to $8.00 and gave the company an "equal weight" rating in a research report on Monday, April 29th. Finally, Citigroup lifted their price target on shares of Newell Brands from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Monday, April 29th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $8.70.

Newell Brands Price Performance

The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -7.97, a PEG ratio of 1.13 and a beta of 0.89. The stock's 50-day moving average price is $7.31 and its 200 day moving average price is $7.66. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.48.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The business had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the previous year, the firm posted ($0.06) EPS. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. Equities research analysts expect that Newell Brands Inc. will post 0.6 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.28 annualized dividend and a dividend yield of 4.88%. Newell Brands's dividend payout ratio is presently -38.89%.

Institutional Investors Weigh In On Newell Brands

Hedge funds have recently modified their holdings of the company. Quarry LP grew its holdings in shares of Newell Brands by 106.2% during the 4th quarter. Quarry LP now owns 4,731 shares of the company's stock worth $41,000 after purchasing an additional 2,437 shares during the period. Quest Partners LLC acquired a new stake in shares of Newell Brands during the fourth quarter valued at about $45,000. NBC Securities Inc. raised its stake in shares of Newell Brands by 50.5% in the 1st quarter. NBC Securities Inc. now owns 5,302 shares of the company's stock valued at $42,000 after acquiring an additional 1,780 shares during the period. GAMMA Investing LLC purchased a new position in shares of Newell Brands during the 4th quarter worth approximately $61,000. Finally, Empowered Funds LLC purchased a new position in shares of Newell Brands during the 1st quarter worth approximately $80,000. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands 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.