Newell Brands (NASDAQ:NWL) Hits New 12-Month Low at $6.14

Newell Brands Inc. (NASDAQ:NWL)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $6.14 and last traded at $6.14, with a volume of 649201 shares trading hands. The stock had previously closed at $6.27.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NWL shares. Citigroup upped their price objective on shares of Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Barclays raised shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price objective on the stock in a report on Tuesday, May 14th. Wells Fargo & Company increased their price target on shares of Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Finally, Canaccord Genuity Group raised their target price on shares of Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Newell Brands currently has an average rating of “Hold” and an average price target of $8.70.

Newell Brands Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The company’s 50-day simple moving average is $7.42 and its two-hundred day simple moving average is $7.73.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, April 26th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS. As a group, equities research analysts forecast that Newell Brands Inc. will post 0.6 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company 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. This represents a $0.28 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Friday, May 31st. Newell Brands’s dividend payout ratio (DPR) is -38.89%.

Institutional Trading of Newell Brands

Several institutional investors have recently bought and sold shares of the company. Quarry LP boosted 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 valued at $41,000 after acquiring an additional 2,437 shares during the last quarter. NBC Securities Inc. increased its position in Newell Brands by 50.5% in the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after purchasing an additional 1,780 shares during the last quarter. Quest Partners LLC bought a new stake in Newell Brands in the fourth quarter worth $45,000. GAMMA Investing LLC bought a new stake in Newell Brands in the fourth quarter worth $61,000. Finally, Empowered Funds LLC purchased a new position in Newell Brands during the first quarter worth $80,000. 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.