Newell Brands (NASDAQ:NWL) Stock Price Up 5.2% - Still a Buy?

Shares of Newell Brands Inc. (NASDAQ:NWL - Get Free Report) rose 5.2% on Tuesday . The stock traded as high as $7.36 and last traded at $7.38. Approximately 7,338,075 shares were traded during trading, an increase of 2% from the average daily volume of 7,227,337 shares. The stock had previously closed at $7.01.

Wall Street Analysts Forecast Growth

NWL has been the subject of several research reports. Citigroup cut their price target on Newell Brands from $10.50 to $7.75 and set a "neutral" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company cut their price target on Newell Brands from $11.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Truist Financial upgraded Newell Brands from a "hold" rating to a "buy" rating and raised their target price for the stock from $10.00 to $17.00 in a research note on Monday, December 9th. Royal Bank of Canada cut their target price on 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 cut their target price on Newell Brands from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.81.

Newell Brands Trading Up 0.6 %

The stock has a market cap of $2.93 billion, a P/E ratio of -11.75, a P/E/G ratio of 1.09 and a beta of 0.89. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The stock has a 50-day moving average price of $9.87 and a 200-day moving average price of $8.67.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. During the same quarter in the prior year, the firm posted $0.22 earnings per share. On average, equities research analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.97%. Newell Brands's dividend payout ratio is -46.67%.

Insider Activity at Newell Brands

In related news, insider Tracy L. Platt sold 23,343 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Newell Brands

A number of large investors have recently bought and sold shares of NWL. Sanctuary Advisors LLC purchased a new position in Newell Brands in the 2nd quarter worth approximately $116,000. CWM LLC increased its stake in Newell Brands by 170.7% in the 3rd quarter. CWM LLC now owns 61,766 shares of the company's stock worth $474,000 after purchasing an additional 38,946 shares during the period. Creative Planning increased its stake in Newell Brands by 32.7% in the 3rd quarter. Creative Planning now owns 33,963 shares of the company's stock worth $261,000 after purchasing an additional 8,365 shares during the period. Claro Advisors LLC purchased a new position in Newell Brands in the 3rd quarter worth approximately $542,000. Finally, TriaGen Wealth Management LLC purchased a new position in Newell Brands in the 3rd quarter worth approximately $442,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

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.