Newell Brands Inc. (NASDAQ:NWL - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $4.22 and last traded at $5.05, with a volume of 15850665 shares traded. The stock had previously closed at $4.48.
Analyst Ratings Changes
A number of analysts have commented on NWL shares. JPMorgan Chase & Co. decreased their target price on Newell Brands from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Friday. UBS Group raised their target price on shares of Newell Brands from $9.50 to $10.50 and gave the company a "neutral" rating in a report on Thursday, January 16th. Barclays upped their price target on shares of Newell Brands from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Royal Bank of Canada dropped their price objective on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating for the company in a research note on Monday, February 10th. Finally, Canaccord Genuity Group reduced their target price on Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Newell Brands has a consensus rating of "Hold" and a consensus price target of $9.81.
Check Out Our Latest Analysis on Newell Brands
Newell Brands Stock Performance
The company has a market cap of $2.00 billion, a PE ratio of -9.18, a P/E/G ratio of 0.95 and a beta of 0.84. The stock's 50 day simple moving average is $6.36 and its two-hundred day simple moving average is $8.30. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 1.64.
Newell Brands (NASDAQ:NWL - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period in the previous year, the company earned $0.22 EPS. As a group, research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current year.
Newell Brands Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 annualized dividend and a dividend yield of 5.85%. Newell Brands's dividend payout ratio (DPR) is presently -53.85%.
Institutional Trading of Newell Brands
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Newell Brands by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 46,892,882 shares of the company's stock worth $467,053,000 after acquiring an additional 1,974,823 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Newell Brands by 21.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,089,297 shares of the company's stock worth $180,172,000 after buying an additional 3,188,718 shares during the last quarter. FMR LLC increased its holdings in shares of Newell Brands by 233.6% in the 4th quarter. FMR LLC now owns 14,527,609 shares of the company's stock worth $144,695,000 after acquiring an additional 10,172,696 shares during the period. Deprince Race & Zollo Inc. increased its position in Newell Brands by 12.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 12,760,180 shares of the company's stock valued at $127,091,000 after acquiring an additional 1,363,913 shares during the period. Finally, Hennessy Advisors Inc. acquired a new position in Newell Brands during the 4th quarter worth $72,431,000. Institutional investors and hedge funds own 92.50% of the company's stock.
About Newell Brands
(
Get Free Report)
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.
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