Newell Brands (NASDAQ:NWL) Hits New 12-Month Low - Should You Sell?

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $4.83 and last traded at $4.94, with a volume of 3316071 shares changing hands. The stock had previously closed at $5.47.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Newell Brands from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Citigroup reduced their price objective on shares of Newell Brands from $10.50 to $7.75 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada lowered their target price 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. UBS Group increased their price target on Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Finally, Truist Financial raised Newell Brands from a "hold" rating to a "buy" rating and lifted their price objective for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Newell Brands currently has a consensus rating of "Hold" and an average price target of $10.58.

Newell Brands Stock Down 4.5 %

The firm has a 50-day moving average of $7.09 and a two-hundred day moving average of $8.44. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $2.04 billion, a PE ratio of -9.40, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84.

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Newell Brands (NASDAQ:NWL - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 last year, the company posted $0.22 EPS. On average, equities research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current year.

Newell Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Friday, February 28th. Newell Brands's payout ratio is currently -53.85%.

Hedge Funds Weigh In On Newell Brands

Several hedge funds and other institutional investors have recently made changes to their positions in NWL. Castlekeep Investment Advisors LLC purchased a new position in Newell Brands in the 4th quarter worth approximately $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Newell Brands during the fourth quarter worth $46,000. Smartleaf Asset Management LLC boosted its stake in shares of Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company's stock valued at $79,000 after purchasing an additional 4,617 shares during the period. Versant Capital Management Inc grew its holdings in Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company's stock valued at $83,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Newell Brands during the 4th quarter valued at $101,000. 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.