UBS Group Cuts Newell Brands (NASDAQ:NWL) Price Target to $4.00

Newell Brands (NASDAQ:NWL) had its price objective trimmed by UBS Group from $5.50 to $4.00 in a research report sent to investors on Tuesday, MarketBeat reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently commented on NWL. Morgan Stanley restated a “hold” rating and set a $4.25 target price on shares of Newell Brands in a report on Monday, November 3rd. Royal Bank Of Canada reduced their price target on shares of Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Newell Brands in a research report on Tuesday, November 25th. Citigroup reduced their target price on shares of Newell Brands from $5.50 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Finally, Canaccord Genuity Group dropped their price objective on shares of Newell Brands from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.69.

Newell Brands Trading Down 1.9%

Shares of NWL stock opened at $3.69 on Tuesday. The company has a market capitalization of $1.55 billion, a P/E ratio of -61.49 and a beta of 0.90. Newell Brands has a 12-month low of $3.07 and a 12-month high of $11.78. The company has a quick ratio of 0.57, a current ratio of 1.14 and a debt-to-equity ratio of 1.68. The firm has a 50-day moving average price of $4.20 and a 200 day moving average price of $5.12.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. Newell Brands had a positive return on equity of 8.64% and a negative net margin of 0.33%.The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS and its Q4 2025 guidance at 0.160-0.200 EPS. Research analysts forecast that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Friday, November 28th. Newell Brands’s dividend payout ratio (DPR) is currently -466.67%.

Hedge Funds Weigh In On Newell Brands

Several institutional investors have recently modified their holdings of the stock. Rubric Capital Management LP acquired a new stake in shares of Newell Brands in the 3rd quarter valued at approximately $68,120,000. Cooper Creek Partners Management LLC boosted its position in shares of Newell Brands by 48.8% during the second quarter. Cooper Creek Partners Management LLC now owns 25,985,548 shares of the company’s stock worth $140,322,000 after purchasing an additional 8,526,698 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Newell Brands by 401.2% in the 1st quarter. AQR Capital Management LLC now owns 10,588,136 shares of the company’s stock valued at $65,382,000 after buying an additional 8,475,385 shares during the period. Candlestick Capital Management LP bought a new stake in shares of Newell Brands in the 3rd quarter valued at $31,786,000. Finally, Norges Bank acquired a new stake in Newell Brands during the 2nd quarter worth $20,196,000. 92.50% of the stock is currently owned by institutional investors and hedge funds.

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.